Digital wallet giant GCash has blocked over 3,200 merchants linked to illegal activities, including online gambling, to protect consumers from fraud.
The company coordinated with the Cybercrime Investigation and Coordinating Center (CICC) to prevent these merchants from misusing the QRPh payment system, including attempts to redirect payments to unauthorized accounts.
Common scams involve QR masking and fake payment pages that imitate legitimate businesses or the GCash interface.
GCash proactively monitors and disables suspicious merchants, reporting them to authorities such as the CICC and Anti-Money Laundering Council to support enforcement efforts.
Users are advised to safeguard their MPIN and OTP, verify merchant details before payments, and avoid scanning QR codes from untrusted sources.
Source: PhilNews24 | March 16, 2026
GCASH REMOVES 3,200 MERCHANTS OVER TIES TO ILLEGAL GAMBLING, SCAMS
Latest from Business
Manila Electric Co. (Meralco) is on track to achieve a record consolidated core net income of
Philippine Airlines (PAL) survived the devastating COVID-19 pandemic through a major financial restructuring, employee sacrifices, and
Fuel prices in the Philippines will see mixed adjustments starting Tuesday, October 27, with diesel prices
The Department of Agriculture (DA) is exploring a public-private partnership (PPP) scheme for about P80 billion
Unilever Philippines has intensified its efforts to achieve net-zero emissions, reducing its Scope 1 and 2