Ewallet business series#

An example of such a drama would be The Penthouse: War in Life, which was so explosive that everything seemed unrealistic-and I mean that in the best way possible.

WHEN the going gets tough, there is no better pick-me-up than an over-the-top Korean drama. To report scams and other suspicious activities, users can go to the the GCash Help Center via the GCash app or at, Chat with Gigi, and choose “I want to report a scam.” Even the biggest platforms are being duplicated by scammers. Make sure e-commerce websites on social media platforms are legitimate. Deals that are too good to be true often are. Double-check everything before buying anything online.GCash only reaches out to its users through official channels and the company’s representatives will never ask for MPINs and OTPs.

Never share personal information with people you don’t know.

GCash has stopped sending links via SMS, email, and other messaging apps.

Don’t open unfamiliar links, whether it is in an e-mail or a text message.

The GSafe campaign also has some reminders for the public:

Ewallet business series#

GCash is also intensifying its GSafeTayo campaign through a series of awareness and education materials that will help customers identify and avoid fake sellers, suspicious links, as well as other common online scams. GCash is also working with the Philippine National Police Anti-Cybercrime Group to go after those who commit fraud and scam GCash users. So unless it’s your identical twin trying to gain access to your account, DoubleSafe should be foolproof. DoubleSafe will be activated for every first login to a new mobile phone with the feature making use of facial recognition, which means that even if a user mistakenly shares their MPIN and OTP to fraudsters, the account cannot be accessed from another device without scanning the owner’s face. Starting March 2023, GCash will require all users to activate DoubleSafe for an additional layer of security to their account. The second level of authentication is the MPIN (mobile PIN) which is a four-digit passcode that only the customer or GCash owner should know. The first level of security is the OTP (one-time PIN), a unique number combination sent only to the user’s mobile number. Before DoubleSafe, GCash already required two levels of authentication or two-factor authentication. Young people on social media are particularly vulnerable to scams because most of them only have GCash.ĭoubleSafe helps prevents unauthorized account access. This is a good move because there are so many users whose accounts have been invaded by fraudsters. With more and more people using e-wallet apps, scammers have become more creative and they have multiplied.Į-wallet app GCash is helping to protect its users from account takeovers with a new security feature called DoubleSafe.

Sadly, this progress came at a steep price. Today, only 5 out of 10 (perhaps even more) are settled in cash.

E-wallet use grew significantly during the pandemic and this is perhaps the reason why many SMEs survived and even thrived in 2020-2022, at the height of the pandemic.īefore the pandemic, 7 out of 10 online transactions were settled in cash, either through cash on delivery and over-the-counter (via Palawan Pawnshop, Lhuillier, and others).