GCash adds security feature


    Mobile wallet GCash yesterday introduced a new biometrics feature as an added security for online transactions.

    Users can now login to the GCash app via face recognition and fingerprint identification, another safeguard against unauthorized financial transactions.

    Martha Sazon, GCash president, said the mobile wallet expects to handle P1 trillion in transactions by the end of 2020.

    GCash recorded a surge in activity since the community quarantines, with at least over P100 billion in transaction value at end-July this year.

    Aside from personal transactions, GCash has also made partnerships with the public sector in distributing the Social Amelioration Program (SAP) cash assistance to beneficiaries affected by the new coronavirus disease 2019. In turn, SAP beneficiaries may use this money to pay for physical and online transactions as well as pay bills to over 70,000 merchants and billers, buy airtime load, and transfer money to their loved ones–all without having to go outside and withdraw funds from the nearest ATM.

    “Beyond inclusivity, security is part of the solutions that GCash offers to make life more bearable for Filipinos during a time crisis. We will strive to innovate and think of more ways on how customers can have more protection as they navigate the new, digital normal,” Sazon said.