Signs agreement with PNP-ACG to strengthen fight vs cybercrimes
GCash is set to roll out a new security feature that aims to prevent unauthorized transactions brought about by phishing and other types of scams.
With #GSafeTayo the Philippines’ number one financial app introduced the “double authentication” feature which can ensure that only the account owner has the ability to link his GCash account to a specific device.
“This feature removes customers’ dependence on SMS OTPs which has been exploited by some fraudsters to scam users. It will provide a unique identifier that can’t be phished by scammers. It also provides an additional layer of security to the current SMS OTP,” said Winsley Bangit, Chief Customer Officer of GCash. “We never stop innovating to make sure our 71 million users have the safest and most convenient experience when they use the app.”
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