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GCash limits 'send money' transactions to curb vote buying amid elections

Article (news)

Arthur Fuentes

ABS-CBN News

<div><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/17405565491172-Composite (3).jpg" style="width:950px" class="fr-fic fr-dib"/></div><p>MANILA -- GCash is limiting &#x27;send money&#x27; transactions up to May 12 to prevent the platform from being used in vote buying, the fintech giant said.</p><p>In an advisory on its app and website, GCash said it is imposing a limit on the daily transactions of users in compliance with COMELEC Resolution No. 10946 (Kontra-Bigay).</p><p>The company said some users may be unable to complete transactions due to this temporary daily limit.</p><p>&quot;If a user receives an error notification, it means they have reached the daily transaction limit. They can resume transactions the next day. This ensures we support fair and transparent elections,&quot; GCash said in a message to ABS-CBN News.</p><p>Even business users are covered by this daily limit. GCash, however, did not disclose the exact transaction limit citing security and compliance with the Comelec order.</p><p>&quot;This measure is in place to help prevent election-related financial misuse.  Transaction limits will remain in place until May 12, 2025, in line with the Comelec resolution. Normal transaction limits will resume on May 13, 2025,&quot; the fintech giant said.</p><p>GCash said it has measures in place to monitor suspicious transactions in its app and that it reports this regularly to regulators.</p><p>The Ayala-led fintech is the most dominant fintech in the country. It has said that 8 out of 10 Filipinos have used the app.  </p><p>Vote buying through e-wallets and other apps has become a major concern in the coming elections.  </p><p>The Department of Information and Communications Technology (DICT) earlier said it is monitoring at least 8 financial apps that can be used for vote buying for the 2025 elections.</p><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/GTxdnAAxhNU?&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div>

<p>GCash is limiting 'send money' transactions up to May 12 to prevent the platform from being used in vote buying.</p>

GCash is limiting 'send money' transactions up to May 12 to prevent the platform from being used in vote buying.

GCash limits 'send money' transactions to curb vote buying amid election season

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GCash limits 'send money' transactions to curb vote buying amid election season

Arthur Fuentes,

ABS-CBN News

Published February 26, 2025 03:57 PM PHT

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