Mobile wallet GCash has issued a public warning against the illegal use of its platform by illicit gambling operators and fraudulent entities, reaffirming its zero tolerance policy toward unlawful activities.
In a statement on Wednesday, GCash, operated by G-Xchange Inc. (GXI), emphasized that it has no links to illegal gambling operations and that any entities claiming otherwise are either misrepresenting the company or illegally exploiting its platform.
“Illegal online gambling undermines financial integrity and public welfare. Anyone connecting our brand to these sites is either misrepresenting us or illegally using our platform,” said GXI president and CEO Oscar Enrico A. Reyes, Jr.
To enforce its zero tolerance stance, GCash said it immediately blocks and suspends accounts involved in illicit transactions, restricts the misuse of QR codes for unlawful payments, and works closely with the Bangko Sentral ng Pilipinas (BSP), Anti-Money Laundering Council (AMLC), and law enforcement.
In compliance with a BSP directive, GCash also recently disabled in-app gaming for users, aligning with a broader crackdown on gambling-related features across all BSP-supervised institutions.
Since 2023, GCash has removed access to over 57,000 phishing sites and reported 916 illegal gambling platforms to authorities, signaling its aggressive effort to protect users and ensure a secure digital financial environment.
“GCash is committed to ensuring that Filipinos can transact with confidence and peace of mind,” the company said, pledging continued cooperation with regulators to keep its services safe and lawful.
