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 Gcash on Tuesday announced that all accounts affected by unauthorized transaction have been corrected as of 4PM. 


Several GCash users earlier allegedly suffered unauthorized transfer of their money in several banks such as EastWest Bank and Asia United Bank (AUB). Both banks are said to have work with GCash and the regulators to investigate the matter.


Though, it wasn't disclosed the reason why several customers lost their funds, the mobile wallet reiterate that there was no hacking involved as they assured users that their funds are secured.

The suspicious transaction was initially estimated at P37 millions. 

"We have already adjusted the e-wallets of all affected GCash users. We wish to reiterate that our customers did not lose their funds on GCash. The app is now up for service so you can safely proceed with your regular transactions," GCash said in a statement.

"Rest assured, your funds are intact, safe, and secure with GCash. Our proactive cybersecurity policies are in place to protect our customers as the safety and security of your account is our top priority," it added.

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