GCash warns users about fraudulent gambling accounts

GCash has issued a public advisory warning users about fraudulent or illegal payment accounts, especially those linked to online gambling operators.

The financial technology company reiterated its 'Zero Tolerance' policy on illegal activities, emphasizing that it does not associate with gambling operators.

Oscar Enrico Reyes Jr., president and CEO of G-Xchange Inc., stated that any group claiming to represent GCash in illegal gambling is either misrepresenting the brand or using it illegally.

GCash advised customers to be cautious of QR codes sent via random links, offers that seem too good to be true, codes without official merchant names, and transactions showing personal names instead of verified merchants.

The company also suggested verifying payment details before confirming transactions and reporting suspicious activity through various channels including the GCash Help Center and BSP Consumer Protection.

GCash has taken down over 57,000 phishing sites and reported 916 illegal gambling sites to authorities since 2023.

The firm works closely with regulators and law enforcement agencies to block accounts linked to illegal transactions and prohibit misuse of QR codes for unlawful payments.