Scams remain rampant in the Philippines despite recent efforts made by eWallet platforms like GCash that include insurance for transactions. The government is dealing with many cybersecurity issues as of late, and the DICT thinks that resetting the auto-debit feature in eWallet platforms should lessen the number of scams victimizing many Filipinos. According to DICT […]
A local company is rarely able to put a service ahead of big, multinational firms, but that’s exactly what EastWest Bank has done with its EastWest Pay app. While the cashless revolution caused by the COVID pandemic has seen many companies come out with their cashless payment gateways, no other bank in the country has […]
One of the big updates that are coming to GCash is the ability for users to invest in local stocks with GStocks PH. Since then, GCash has been mum on when GStocks PH will have a public launch despite some users having early access to it. It seems that the public launch for GStocks PH […]
Establishing a digital bank in a country that’s already saturated with multiple players isn’t easy. Doing so while in the waning days of a pandemic that’s upended both digital and physical business models sounds damn near impossible. But don’t tell that to Raymund Villanueva, Chief Marketing Officer of GoTyme Bank though – not only did […]
As we become less dependent on cash and push for a cashless economy, there is also a rise in digital fraud like phishing and credit scams that are looking to victimize unsuspecting members of the population. In a survey conducted by TransUnion last year, 71% of respondents from the Philippines were targeted by digital fraud […]
The GCash incident last May 8 is one of the more prominent cases of phishing in the Philippines, and Kaspersky recently reported that the country ranked fifth among Southeast Asia countries with the highest number of phishing attacks at 4,559,288 incidents in 2022. The SEA country with the highest number of phishing incidents in 2022 […]
You probably heard of PhilWin before: aside from being an online gambling site, it became infamous as the NPC prominently mentioned it, along with Tapwin1.com as one of the many online gambling sites as the cause of the modus that affected multiple GCash users in an alleged hacking incident. PAGCOR has dropped the ball further, […]
The Bangko Sentral ng Pilipinas (BSP) recently announced that the country is on track to achieve its goal of 50% digital payments in PH in 2023. What that means is half of all retail transactions, whether at the mall, small sari-sari stores, or wherever they may occur, may be performed without any cash exchange by […]
Globe Business recently showcased its latest innovations and solutions for small businesses at its Retail Revolution exhibit at SM Megamall Atrium. Featuring a number of small businesses that utilizes QR payments via GCash, Retail Revolution is an activity area where Globe Business demonstrated some of the solutions it has to offer. One of its offerings […]
Those who have lots of coins at home can convert them to shopping vouchers or deposit them to their e-Wallet accounts with the Coin Deposit Machines that BSP recently deployed in select areas. We were curious about how to use the BSP Coin Deposit Machine in person, so we tried the one at SM Mall […]
Do you have a bunch of coins lying around that you either 1) don’t want to use for paying goods or 2) would like to find a way to deposit them into your e-Wallet? The Bangko Sentral ng Pilipinas (BSP) has a solution to that with its Coin Deposit Machines. Made possible in partnership with […]
While the government’s decision to extend SIM registration is very much welcomed, the DICT is not wrong in saying that scammers are taking advantage of this to victimize people. This was clearly the case when the PNP Cybercrime group arrested a Taiwanese national and two Filipinos for selling close to 7000 registered SIM cards (EMPHASIS […]