GCASH has vowed to ensure strict compliance with guidelines of regulatory bodies Bangko Sentral ng Pilipinas (BSP) and the Anti-Money Laundering Council to promote the safety and security of its users.

'We do this with proper verification and monitoring as required by various regulatory bodies. Despite the lack of a national ID, we continuously abide by the requirements imposed by the authorities in making sure we implement various measures as well as a know-your-customer (KYC) process to verify the legitimacy of customers that sign up on GCash,' the mobile e-wallet service company said in a statement.