AMID recent concerns raised over glitches that deprived mobile wallet subscribers of their funds, Sen. Risa Hontiveros has filed a Senate Resolution seeking an official investigation on the recent spate of unauthorized transactions, scams and other irregularities involving mobile financial services. In proposed Senate Resolution No.
AMID recent concerns raised over glitches that deprived mobile wallet subscribers of their funds, Sen. Risa Hontiveros has filed a Senate Resolution seeking an official investigation on the recent spate of unauthorized transactions, scams and other irregularities involving mobile financial services.
“So many people benefit from mobile financial services, especially the “unbanked” or those without the capacity to open accounts with banks. We need a law that protects every Filipino using digital wallets, especially when there are instances of scams, hacking or other irregularities,” she added. However, Hontiveros’s resolution also noted that “similar incidents occurred in 2023, in which multiple GCash accounts were compromised using ‘phishing attacks’ staged through various online gambling platforms.”
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