GCash Customer Protect Program
Leading mobile wallet GCash, powered by fintech startup Mynt, provides users with increased peace of mind when using the app with the launch of Its Customer Protect program.
Under the program, GCash users are assured of compensation for unauthorized financial transactlons on their GCash app. GCash on Messenger or GCash Mastercard platforms arising from instances such as stolen mobue phones or Identity theft.
A user should file a report regarding any irregular transaction-such as unauthorized withdrawa|s or point-of-sale (P0S) purchases-on GCash's official customer care channels within 15 days from the date of the sand transamon. Eligible and valid disputes can be reversed for amounts of up to P100.000.
"The GCash Customer Protect program Is a recourse that our valued users can take should they unfortunately fall prey to physical or virtual theft," said Anthony Thomas, GCash president and chief executive officer.
At the same time, the Customer Protect program is a campaign for increased cybersecurity awareness and education, especially regarding full verification of one‘s GCash accou nt. "It is extremely important for users to comply with the verification process of GCash based on the Know-Your-Customer (KYC) mandates of the Bangko Sentral ng Pilipinas,” explained Thomas.
Full verification on GCash requires a user to establish legitimate identity through submission of vahd government identification cards and a selfie, as well as a series of mobile phone and contact information verification.
Fully verified GCash users can receive compensation of the actual amount of unauthorized transactions not exceeding P100,000. Semi-verified users can receive compensation up to P10,000 whi|e basic users can receive up to P2,000.
”Our intelligent risk management approach remains to be the first line of defense in protecting our users," said
Thomas. ”Using our advanced risk capabiIities, we analyze and monitor transactions round-the-clock to detect and prevent fraudulent activities.”
”Our Customer Protect program is an added benefit we extend to GCash users for their enhanced peace of mind and maximum enjoyment of the advantages that a fully digital lifestyle brings," he concluded.
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