GCash launches Customer Protect program for users
CUSTOMER PROTECT PROGRAM MEDIA LAUNCH WAS HELD LAST SEPTEMBER 11, 2019 AT SEDA HOTEL, BGC, TAGUIG CITY. |
Leading mobile wallet GCash, powered by fintech
startup Mynt, provides users with increased peace of mind when using the app
with the launch of its Customer Protect program.
Under the program, GCash users are assured of
compensation for unauthorized financial transactions on their GCash app, GCash
on Messenger or GCash Mastercard platforms arising from instances such as
stolen mobile phones or identity theft.
A user should file a report regarding any irregular
transaction—such as unauthorized withdrawals or point-of-sale (POS) purchases—on
GCash’s official customer care channels within 15 days from the date of the
said transaction. Eligible and valid disputes can be reversed for amounts of up
to P100,000.
“The GCash Customer Protect program is a recourse that
our valued users can take should they unfortunately fall prey to physical or
virtual theft,” said Anthony Thomas, GCash president and chief executive
officer.
At the same time, the Customer Protect program is a
campaign for increased cybersecurity awareness and education, especially
regarding full verification of one’s GCash account. “It is extremely important
for users to comply with the verification process of GCash based on the
Know-Your-Customer (KYC) mandates of the Bangko Sentral ng Pilipinas,”
explained Thomas.
Full verification on GCash requires a user to
establish legitimate identity through submission of valid government
identification cards and a selfie, as well as a series of mobile phone and
contact information verification.
Fully verified GCash users can receive compensation of
the actual amount of unauthorized transactions not exceeding P100,000.
Semi-verified users can receive compensation up to P10,000 while basic users
can receive up to P2,000.
“Our intelligent risk management approach remains to
be the first line of defense in protecting our users,” said Thomas. “Using our advanced risk capabilities, we analyze and monitor
transactions round-the-clock to detect and prevent fraudulent activities.”
“Our
Customer Protect program is an added benefit we extend to GCash users for their
enhanced peace of mind and maximum enjoyment of the advantages that a fully
digital lifestyle brings,” he concluded.
#GCash
#GCashCustomerProtect
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