Thursday, February 29, 2024

GCash and NBI Strengthen Forces in Combatting Online Fraud: Memorandum of Agreement Signed

BRANDXPH.COM

GCash and NBI Strengthen Forces in Combatting Online Fraud: Memorandum of Agreement Signed

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From left: Atty. Maricor Alvarez-Adriano, GCash Chief Legal Officer, Atty. Gilbert Escoto, GXI Chief Legal Officer, Oscar “Renren” Reyes, G-Xchange Inc (GXI) President and CEO, Atty. Medardo de Lemos, NBI Director, Atty. Jose Justo Yap, NBI Deputy Director for Operations

In a groundbreaking move, the National Bureau of Investigation (NBI) and GCash, the Philippines’ leading finance super app, have formally solidified their commitment to combat online fraud, scams, and cybercrimes. The recently signed memorandum of agreement enhances the collaboration between NBI and GCash, focusing on preventing, detecting, investigating, and prosecuting cybercrimes associated with the GCash mobile app.

Under this strategic partnership, GCash pledges to actively assist NBI by providing crucial information and data in accordance with prevailing laws, rules, and regulations. The agreement not only reinforces GCash’s dedication to securing user funds and data but also signifies a significant step forward in the collective effort against scammers and cybercriminals.

Key officials present at the signing ceremony included NBI director Atty. Medardo G. De Lemos, NBI officer-in-charge Jose Justo Yap, GCash CEO Oscar Enrico Reyes Jr., and GCash Group Head of New Businesses and Corporate Affairs, Winsley Royce Bangit. The collaboration marks a crucial milestone in the ongoing battle against cyber threats, as both entities exchange technical knowledge and expertise on the latest cybersecurity measures.

“As more Filipinos engage in digital transactions, partnering with GCash provides law enforcement agencies with an active ally in our fight against scammers and fraudsters. This collaboration is a significant step forward in our shared mission,” emphasized De Lemos.

GCash is actively collaborating with other law enforcement agencies, such as the Philippine National Police Anti-Cybercrime Group (PNP-ACG) and Anti-Money Laundering Council (AMLC), to implement cutting-edge security technologies. The finance super app is committed to continuous threat and intelligence sharing, adhering to the strictest anti-money laundering, counter-terrorism financing, and anti-fraud standards. As part of this initiative, GCash urges users to remain vigilant against fraud when using digital wallets.

Oscar Enrico Reyes Jr., GCash CEO, highlighted the urgency of collective action against the rising tide of online scams, investment fraud, and cybercrimes. He emphasized the significance of collaboration with authorities to protect Filipinos from perpetrators.

As the country’s premier digital ecosystem and a pioneer in inclusive digital finance, GCash remains steadfast in its vision of “Finance for all.” The platform aims to provide Filipinos with easy access to safe, secure, and convenient digital financial products and services, empowering communities nationwide.

To join the digital finance revolution, Filipinos can download the GCash app for free on Google Play and the App Store. For additional information, visit www.gcash.com.ph.