The
National Bureau of Investigation (NBI) and GCash, the country’s number one
finance super app, have signed a memorandum of agreement to further strengthen
their collaboration to go after perpetrators of online fraud, scams, and other
cybercrimes.
Under
the partnership, GCash will assist NBI in preventing, detecting, investigating,
and prosecuting cyber crimes that involve the use of the GCash mobile app or
the transfer or receipt of proceeds from any crime or unlawful activity. This
will be done by providing relevant information and data under prevailing laws,
rules, and regulations. The agreement also further solidifies the priority of
GCash to secure the funds and data of its users.
The
signing ceremony was graced by key officials from the government agency namely
NBI director Atty. Medardo G. De Lemos, NBI officer-in-charge (OIC) of the
Office of the Deputy Director for Operations Jose Justo Yap, G-Xchange, Inc.
(GXI) chief executive officer Oscar Enrico Reyes Jr., and GCash Group Head of
New Businesses and Corporate Affairs, Winsley Royce Bangit, together with other
key leaders from the bureau and GCash.
“As more
and more Filipinos embrace the digital space for their daily transactions and
investments, it’s critical for law enforcement agencies to have an active
partner like GCash with whom we exchange technical knowledge and expertise on
the latest cybersecurity measures. This partnership is a big milestone in our
shared fight against scammers, fraudsters, and other cybercriminals,” said De
Lemos.
GCash is
also working actively with the Philippine National Police Anti-Cybercrime Group
(PNP-ACG), Anti-Money Laundering Council (AMLC), and other law enforcement
agencies to further employ up-to-date security technologies, and strengthen
security measures, through continuous threat and intelligence sharing, and
better ensure safer transactions for its customers. This also includes adhering
to the strictest anti-money laundering, counter-terrorism financing, and
anti-fraud standards. In line with this, GCash also reminds users to protect
themselves when using digital wallets and become more attentive in the face of
fraud.
“We’ve
seen a concerning rise in online scams, investment fraud, and various
cybercrimes in recent years. Now more than ever, it is crucial that we work
together with authorities to protect Filipinos against perpetrators,” said
Reyes.
As the
country’s biggest digital ecosystem and a pioneer in inclusive digital finance,
GCash continues to bolster its vision of “Finance for all” to allow Filipinos
to have easy access to safe, secure, and convenient digital financial products
and services – empowering communities across the nation.
Filipinos
can download the GCash app for free on Google Play and the App Store. For more
information, visit www.gcash.com.ph
