GCash to launch in-app OTPs beginning June 22

GCASH will begin replacing traditional SMS-based one-time passwords (OTPs) with in-app authentication starting June 22 as regulators push financial institutions to abandon increasingly vulnerable methods. “As GCash transitions to in-app OTPs, users are encouraged to ensure that push notifications are enabled to avoid any disruption on transactions and account activities,” GCash said in a statement on Monday. The Bangko Sentral ng Pilipinas (BSP) has ordered banks and financial instit