Unauthorized Debits Hit Popular Philippine E-Wallet GCash
- GCash says customers’ funds are safe as services restored
- Company foiled hackers’ attempts to siphon off funds: Inquirer
A QR code for GCash mobile payment is displayed at a store in Quezon City, the Philippines.
Photographer: Veejay Villafranca/BloombergThis article is for subscribers only.
GCash, the e-wallet service of Globe Telecom Inc., on Tuesday said some users experienced deductions from their accounts and had problems accessing their service for hours, triggering concerns as the Philippines seeks to boost digital payments.
The mobile payment app said its customers didn’t lose their funds after adjusting the accounts of all affected users shortly after its service went back up. It also said its investigation showed no hacking occurred.