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Friday, July 26, 2024

GCash adds new layer of protection

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GCash, the country’s leading finance super app, said Thursday said it added another layer of protection to shield users from scammers, fraudsters and cybercriminals.

The mobile wallet of Globe Telecom Inc. said the introduction of “Send Money Protect” (SMP) on its in-app feature, GInsure provides users with confidence and peace of mind when sending money digitally for as little as P30 a month.

SMP provides users with comprehensive protection from the most common scams, including online shopping fraud, account takeovers, and social engineering, for their transactions done via ‘Express Send’ in the app.

SMP, offered in partnership with Chubb, the world’s largest publicly traded property and casualty insurance company, can easily be availed once every 30 days.

Studies show that 45 percent of Filipino adults have been targeted by scams, with 11 percent falling victim. This has led to uncertainties towards digital payment methods among some users, hampering milestones already achieved towards financial inclusion.

“We at GCash believe in building partnerships that amplify the value we provide to our users. That’s why we’ve teamed up with Chubb, a global insurance leader and our partner in consumer protection, to bring you an added layer of protection,” said GCash vice president for new businesses Winsley Bangit.

“This collaboration ensures that you have added financial protection from the unexpected when transacting online, giving you the confidence that your hard-earned money is in safe hands,” he said.

Chubb Philippines country president Mari Rachelle Canta said the “partnership with GCash further strengthens our mission to serve millions of customers by providing a safety net through embedding insurance in everyday transactions.”

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