PCC studying if 'defects' in Grab refund to customers warrant additional fines

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The Philippine Competition Commission (PCC) on Monday said it is studying whether or not the “defects” in the compliance of Grab Philippines on its ordered refund would warrant further fines from the antitrust agency.

PCC gave a Grab a month to release some P19.3-million worth of refunds

“Meron kasing portion na hindi nila ma-comply and they’ve given reasons for it and so now, before the Commission, that that issue is now being brought up,” PCC chairperson Michael Aguinaldo said. “Grab cannot credit their GrabPay Wallet without completion of basic KYC as this is a regulatory requirement of the BSP ,” it explained.

 

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