Senator Risa Hontiveros filed a resolution seeking a Senate probe into rising fintech scams and unauthorized transactions, citing incidents affecting GCash users. The resolution underscores the absence of a legislative framework to ensure fintech sector transparency, stability, and trust. GCash recently attributed unauthorized fund transfers to a system reconciliation error, highlighting the need for stricter fintech oversight to protect consumers.
HONTIVEROS PUSHES FOR SENATE PROBE INTO FINTECH SCAMS
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