GCash banners best practices in Trust Tech at DICT-CICC Cybersphere Forum
GCash, the Philippines’ leading Fintech company, co-presented the recent Cybersphere Philippines Forum at the Shangri-la at the Fort Hotel hosted by the Department of Information and Communications Technology (DICT). The 2-day conference gathered leaders and decision makers in the cybersecurity space – while showcasing the latest trends and products on ICT, cybersecurity, and cloud.
The event was endorsed by no less than Philippine President Ferdinand Marcos, Jr. who expressed hope that summit can be a venue for solutions in addressing emerging issues in the cybersecurity space. The event was also headlined by DICT secretary Ivan Uy who was the guest of honor for the opening ceremony. Other participants were high-ranking officials from the Cybercrime Investigation and Coordinating Center (CICC), National Telecommunications Commission (NTC), National Privacy Commission (NPC), as well as private sector movers and shakers.
GCash, through its Chief Technology and Operations Officer, Pebbles Sy, bannered the company’s best practices in cybersecurity and trust tech. In a speech, she highlighted the topic, “E-Payments: How far can we go to reach the masses securely?”.
“With 2-factor authentication, a mobile PIN, and Face ID technology, we're not just guarding your account; we're ensuring it's always in the right hands," said Sy during her segment.
Earlier this year, GCash introduced their Cybersecurity Tech Investment “DoubleSafe,” a security feature designed to ensure only the owner can acces their account in a new device. Aside from the protection provided by the 2-factor authentication and a mobile PIN, DoubleSafe uses Face ID technology to detect if the person accessing the account is the same as the owner.
More than just the latest security technology, GCash has also rampled up its education campaign against scams. Through the #GSafeTayo campaign the public is empowered on how they can protect their digital accounts. “Through the relatable content across diverse channels, we’re illuminating the path to digital safety, ensuring everyone can do transactions online with utmost confidence,” Sy added.
Meanwhile, GCash chief risk officer Ingrid Beroña joined a panel on, “ Managing cybersecurity threats in a national resilient network,” where she emphasized how GCash places utmost priority on trust and security. For his part, GCash chief information security officer Miguel Geronilla shared the experience of GCash in protecting its users from evolving threats in a panel on, “Black Hat. White Hat. Grey Hat? Tapping the experience to protect the masses.” And finally, Ren-Ren Reyes, president and CEO of GCash mobile wallet operator G-Xchange, Inc headlined a panel on, “Importance of strong public-private sector cooperation to achieve a progressive national digitalization program.”
GCash has been aggressive in going after fraudsters and cybercriminals by partnering with the Philippine National Police Anti-Cybercrime Group (PNP-ACG), National Bureau of Investigation (NBI), as well as the DICT and CICC.
The company remains steadfast in strengthening its credibility as it continuously innovates and invests in security measures to protect its customers. But at the end of the day, GCash also believes that online or cybersecurity is a responsibility that it shares not just with its users but also with other partners and stakeholders.
About Mynt
Mynt is the first and only $5 billion unicorn in the Philippines. It's a leader in mobile financial services focused on accelerating financial inclusion through mobile money, financial services, and technology. Mynt operates two fintech companies: GXI, the mobile wallet operator of GCash — the #1 Finance App in the Philippines, and Fuse Lending, a tech-based lending company that gives Filipinos access to microloans and business loans.
About GCash
GCash is the Philippines’ #1 Finance App and Largest Cashless Ecosystem. Through the GCash App, users can easily purchase prepaid airtime; pay bills via partner billers nationwide; send and receive money anywhere in the Philippines, even to other bank accounts; purchase from over 6 million partner merchants and social sellers; and get access to savings, credit, loans, insurance and invest money, and so much more, all at the convenience of their smartphones. GCash’s mobile wallet operations are handled by G-Xchange, Inc. (GXI), a wholly-owned subsidiary of Mynt, the first and only duacorn in the Philippines.
Mynt and GCash are staunch supporters of the United Nations Sustainable Development Goals (SDGs), particularly UN SDGs 5,8,10, and 13, which focus on safety & security, financial inclusion, diversity, equity, and inclusion as well as taking urgent action to combat climate change and its impacts, respectively.
For more information, please contact:
Bruce Rodriguez, Head of Business Communications
Corporate Communications
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This press release is for informational purposes only and does not constitute, or form part of, any offer, solicitation, or invitation to sell, issue, purchase, or subscribe for any securities in the Philippines, the United States, or any other jurisdiction. No securities of Mynt, Inc. have been or will be registered under the U.S. Securities Act of 1933, as amended, and such securities may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. There will be no public offering of the securities of the Company in the United States. No money, securities or other consideration is being solicited by this document or the information contained herein and, if sent in response to this document or the information contained herein, will not be accepted. Any potential initial public offering and listing in the Philippines, if pursued, remain fully subject to prevailing market conditions and regulatory approvals, including the registration requirements of the Philippine Securities and Exchange Commission and the listing rules of the Philippine Stock Exchange, Inc., and there can be no assurance that any such filings will be made or that any offering or listing will be consummated. This document contains forward-looking statements that involve inherent risks and uncertainties; actual results, timelines, and outcomes may differ materially from those projected due to shifting market dynamics, economic environments, and regulatory updates.
