Fintech, or financial technology, has increased the chances for payment advancement available to both organizations and customers, expediting all types of money transfers, whether they are transactional or personal. While scams are nothing new to Filipino citizens, con artists themselves have adjusted to the rapidly changing times.
Alongside these conveniences, however, fraudsters and thieves have made their way into the online world of e-commerce and mobile wallets, making digital payment methods a double-edged sword for those who do not fully understand the system of online payments and its potential risks. To protect your hard-earned money online, awareness is essential.
Remember that scammers target consumers rather than digital platforms, making everyone a potential victim; thus, it is important to familiarize yourself with the many sorts of scams. Digital wallet providers play their part by making sure their systems are safeguarded against attacks or theft. Scammers who pose as representatives of legitimate businesses, representatives of the government, or even members of the customer service department frequently use email or SMS to obtain your personal information.
Ecashpay is in complete compliance with the Anti-Money Laundering Council and the Bangko Sentral ng Philippines to address these customer-directed theft efforts. By adding security features to the super-app, we make sure that clients are better equipped to defend themselves and be more watchful of fraud.