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GCash backs gov t efforts to penalize loan, sale of e-wallets

MANILA - Local mobile wallet service provider GCash has expressed support for the government's crackdown against the loan and sale of mobile wallet accounts commonly used by cybercriminals. In a statement on Thursday, GCash chief risk officer Ingrid Rose Ann Berona said scammers and other cybercriminals use mobile wallet or e-wallet accounts that are registered under different persons by buying SIM (subscriber identity module) cards sold in the black market. "Given the increasing incidents of online fraud, GCash is ready to support measures to penalize the lending and selling of e-wallet accounts including calls to criminalize the activity in order to prevent scammers from using this modus," Berona said. To help combat the use of e-wallets in cybercrimes, GCash is boosting its campaign against fraudsters through information drives with its users. "GCash is renewing its call for users to #GCheckMuna to avoid being victimized by scammers," she said. The campaign a

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