With GCash being able to avert a potentially big crisis for them by foiling a large-scale hack attempt, the BSP is set to conduct its own investigation on the unauthorized transactions. BSP Deputy Governor for the Payments and Currency Management Sector Mamerto Tangonan has confirmed to GMA News that the recent set of unauthorized transactions […]
A few days ago, GCash was in utter chaos when multiple users reported that there were unauthorized transactions made. GCash insisted that it was not hacked. Instead, GCash said that they were able to foil a hack attempt that involved transferring money–with some transactions as high as Php 50,000–into two bank accounts from EastWest Bank […]
(UPDATE) East West Bank issues a statement on the hack attempt on GCash, saying that they are conducting an internal investigation on the account used for the unauthorized cash transfers from GCash. “EastWest is cooperating with authorities and other institutions involved in the said report and working towards the immediate resolution on the matter,” they […]
After facing an outage earlier for several hours–with people suspecting that GCash was hacked due to reports of unauthorized transactions–GCash has issued a statement and said that no hacking incident has occurred and that no funds were lost. “We extended our scheduled maintenance to investigate and determined that no hacking occurred,” GCash said in their […]
(UPDATE 2): GCash CEO Martha Sazon has issued a statement, and said that GCash was not hacked based on their investigation. She also assured that “any deduction from a GCash account will be adjusted before 3PM today.” (UPDATE 1): GCash is reportedly working for some people, and those trying to log in are asked to verify […]
GCash introduces GLoan, GGives, and GCredit as its suite of lending products, which provide Filipinos with an easy and flexible borrowing process. The products are aimed at Filipinos who have outstanding loans, with the top three reasons being day-to-day expenses, emergencies, and fulfilling financial or life goals. Only 2 out of 10 Filipinos have access […]
It appears that Fintech companies are making the lead as some of the top companies in the Philippines according to LinkedIn. In its 2023 Top Companies Philippines list, both Maya and GCash made it to third and second place respectively. Citi and Prudential, both financial companies, made it to 12th and 14th place respectively. Accenture made […]
Are you tired of carrying cash and credit cards while traveling or shopping internationally? Well, GCash Global Pay has got you covered! With this innovative payment solution, you can use QR codes to make payments wherever you are, thanks to the partnership between GCash and AliPay. Available in multiple countries like Singapore, Malaysia, Korea, Japan, […]
If you’re interested in crypto, you’ll be excited to hear that GCash has partnered with PDAX, the leading virtual asset service provider authorized by Bangko Sentral, for its GCrypto service. This partnership allows GCash users to safely and securely deal with crypto tokens at competitive market rates. But that’s not all! GCash has also teamed […]
GCash Overseas is a new feature from the eWallet platform–and is a great way to remit money to your loved ones and pay bills from abroad without the hassle of one-time PINs (OTPs) and without the high transaction fees. What makes this feature great is that you can sign up for a GCash account using […]
GGives is a feature on GCash that allows you to make purchases without using cash. It offers payment plans for large purchases without requiring a down payment, interest, or credit cards. This feature can be used for various purchases such as retail, supermarkets, services, pharmacies, dining, convenience stores, and lifestyle. To register for GGives on […]
The GCash Futurecast this 2023 revealed a lot of groundbreaking innovations from the fintech wallet application. We’re happy to report that despite the app’s fame, the team hasn’t ceased with its drive to innovate. Here are our personal favorites from the show. GCash Overseas The company understands that there are over 10 million Overseas Filipino […]