GCash Shuts Down 3,200 Merchants Tied to Illegal Gambling

GCash has suspended 3,200 merchants found to be facilitating illegal online gambling in the Philippines.

The crackdown was executed in collaboration with the Cybercrime Investigation and Coordinating Center (CICC) and the Philippine National Police Anti-Cybercrime Group (PNP-ACG).

Reiterating its strict stance against illicit betting, the financial platform urged users to adopt stringent security measures to avoid falling victim to associated scams.

Customers must never share sensitive information, such as their One-Time Passwords (OTP) or Mobile Personal Identification Numbers (MPIN).

The company also advised the public to exercise caution when dealing with QR codes.

Users should avoid scanning random codes received via social media, emails, or text messages, and must always verify the merchant’s legitimacy before authorising a QRPh payment.

Additionally, the firm highlighted that legitimate businesses do not ask customers to transfer funds into personal wallets for transactions.

GCash encourages individuals to report any suspicious websites utilising the platform for illegal gambling.

Users can direct their reports to the GCash Help Center at 2882, the CICC hotline at 1326, or the PNP-ACG at (02) 8723-0401.

Featured image: Edited by Fintech News Philippines based on images by oatawa and mubbashirsiddiqui123  via Freepik.

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