QR Ph accounted for 55% of PayMongo’s 10 million transactions in the first half of 2026, surpassing cards, e-wallets, online banking, and BNPL services.
BSP will transition to phishing-resistant authentication methods instead.
The law removes data privacy barriers that slowed down previous scam investigations, enabling quicker tracing of stolen funds.
Different players in the banking, telecom, and e-wallet industries are rolling out education campaigns through advisories and social media to warn users about new fraud tactics—building awareness before these scams even reach them.
