The pioneers of the #WagMagpaloko campaign hope to enjoin more finance companies in the fight against scammers. The observed increase in reported online lending scams was seconded by other financing companies such as SAFC, Global Cebuana, Cycle Financing and Cebuana Cycle. Dragonpay believes that the absence of a formal payment gateway and/or platform in some online lending companies, combined with the public's lack of awareness of various malicious schemes online, contributes to the increasing number of scam cases. Its core members included the vehicle mortgage loan and financing providers SAFC and Global Dominion, motorcycle mortgage loan provider Cycle Financing, OFW loan provider Global Cebuana, motorcycle financing provider Cebuana Cycle, and payment gateway provider Dragonpay. The pioneers of the #WagMagpaloko campaign hope to enjoin more finance companies in the fight against scammers.

Source: Manila Times October 18, 2024 22:36 UTC