The Credit Card Association of the Philippines (CCAP) said that the implementation of the SIM registration law will help lessen credit card fraud and boost digitalization in the country.

Earlier, President Bongbong Marcos Jr. signed Republic Act No. 11934 or the SIM Registration Act, which is aimed to solve SMS-linked and other types of related scams. 

Since the pandemic, there was a 21% increase in fraudulent credit card activities, CCAP said in a statement.

CCAP Chairman Rolando P. Ebreo said at the CCAP’s 42nd anniversary forum that the law is “a major step in removing the impediments towards digitalization, of pinpointing where the problem really lies… It is a realization of our desire to institutionalize measures that protect our customers.”

The Department of Information and Communications Technology said the implementing rules and regulations of the SIM registration law will be out 60 days after the law’s effectivity date.


Ronald Espartinez