Mobile wallet Gcash is reinforcing its security measures with the introduction of the new biometric feature in the mobile application.
Users can now login to the GCash app via face recognition and fingerprint identification, another safeguard against unauthorized financial transactions.
Although there are features such as the MPIN and security questions for protection of their account, GCash said that the new login features adds stronger protection against unauthorized transactions.
The GCash app allows a user to login via MPIN upon reaching three failed attempts in logging in using biometrics.
GCash said the new biometrics feature is also integrated as part of a risk check, which is particularly helpful in GCash Invest Money, wherein the app will ask the user to verify the transaction via one-time pin authentication for added security.
Sazon mentioned that using an additional security is needed now more than ever since more Filipinos use mobile payments for their daily transactions. “Beyond inclusivity, security is part of the solutions that GCash offers to make life more bearable for Filipinos during a time of 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,” she said.
As the community quarantines were imposed in many areas in the country. Gcash recorded with at least over P100 billion in transaction value as the end of July.
“GCash is expecting to handle P1 trillion in transactions by the end of 2020, at the very least,” Sazon said.
“Our mobile wallet has significantly made an impact in Filipinos’ lives during the pandemic and we want to strengthen their trust in our brand even more. Thus, it is high time that we add an extra layer of security so that the greater public can continue with their transactions worry-free.”
With additional reports: philstar.com
Photo source: CTTO, Globe
