Aside from having robust security features, e-wallets such as GCash also partner with key government and industry bodies to deter cybercriminals
GCash has a DoubleSafe security feature that safeguards against unauthorized transactions. It enables the app to not just simply require users to enter an OTP upon logging in to a new device, but also asks users to take a Selfie Scan to help ensure that only the owners have access to their GCash account.The growth of e-wallets has made them the primary target of cybercriminals. However, like banks, GCash is duly registered with and licensed by the Bangko Sentral ng Pilipinas.
Winsley Bangit, VP and Head of New Business and Public Affairs, GCash, with USec. Alexander Ramos, Executive Director, CICC Ultimately, GCash reminds its consumers to actively protect their e-wallets by being vigilant against scams, doing legit checks before Sending Money, never giving their OTP to anyone, and reporting suspicious activities to the official GCash Help Center.
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