Protecta Fintech unites online payment sector against cybercrimes

TAGUIG, Philippines – Digital payment industry leaders have formally launched Protecta Fintech to protect stakeholders against cybercrimes. 

Protecta Pilipinas Fintech Division united fintech companies to improve security and protect consumers.

READ: PH fintech adoption via mobile apps to hit 80% by 2024

The launch occurred on December 6 at the PNP Cybercrime Hub, where the following key figures signed the Memorandum of Understanding:

• Atty. Roy Ibay, lead convenor of Protecta Pilipinas
• Francisco Roberto Mauricio, president and CEO of JuanHand
• Kristoffer Rada, head of government and regulatory relations at Maya
• Undersecretary Alexander Ramos, executive director of the Cybercrime Investigation and Coordinating Center

Protecta Fintech’s goals and responsibilities include: 

• Cultivate a culture of compliance by only endorsing admission to Protecta Pilipinas with updated monitoring clearances for regulators.
• Open industry communication through Protecta Fintech’s Secretariat and during Protecta Pilipinas
• Maximize influence in fintech roundtables via deliberate endorsement for admission of prospective members to Protecta Pilipinas.
• Advocate for dynamic and responsive legislation by conducting industry research regularly and submitting recommendations to proper government agencies.
• Update stakeholders on evolving relevant financial technologies

“We are proud to introduce Protecta Fintech as a collaborative effort to tackle cybercrime in the fintech industry,” Protecta Fintech Lead Advocate Coco Mauricio said.

“By working with both government and private sectors, we are setting the stage for a more secure digital financial ecosystem that supports fairness, innovation, and empowerment for all Filipinos,” he added.