The National Privacy Commission (NPC) said on Monday, Oct. 27, that it has launched an investigation into a massive alleged data breach involving G-Xchange, operator of GCash, after a large cache of user data reportedly appeared for sale on a dark Web forum over the weekend.
Actress and fashion personality Heart Evangelista-Escudero joined mobile wallet GCash at the official launch of its new “Tap to Pay” feature during the latest GCash Spotlight event at BGC in Taguig City.
The Bangko Sentral ng Pilipinas (BSP) has ordered mobile payment platforms, including GCash and Maya, to cut access to in-app gaming within 48 hours, amid mounting concerns in the Senate over the social costs of online gambling.
The newly launched Automated Fare Collection System (AFCS) enables contactless payment options, including Visa and Mastercard debit and credit cards, and QR payments via GCash using NFC-enabled Android smartphones.
Through a co-location agreement, individuals can now register for their National ID and open a fully verified GCash account at any of the PhilSys-On-Wheels locations, creating the "one-stop shop" experience for Filipinos.
Under the deal, GCash-operator Mynt will acquire 100% of the issued and outstanding share capital of ECPay, making ECPay a wholly-owned subsidiary of Mynt.
Two local technology groups have called on the fintech industry, particularly e-wallet firms, to institute stronger cybersecurity measures and consumer protection in the wake of recent unauthorized fund transactions on the GCash e-wallet platform.
The Bangko Sentral ng Pilipinas (BSP) has instructed GCash to immediately resolve the reported unauthorized deductions on account balances of affected GCash users and swiftly complete the process of refunds.
