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Ministry Issues Warning Over Facebook Payments

A public warning has been issued urging Facebook users to remain vigilant when using credit or debit cards to pay for purchases on the social media platform to avoid being a victim of theft
People use smartphones in Phnom Penh. Kiripost/Siv Channa
People use smartphones in Phnom Penh. Kiripost/Siv Channa

The Ministry of Interior is urging the public to take care when using credit and debit cards to pay for products on Facebook and issued safety guidelines to avoid losing money online.

“Be careful with using bank cards with Facebook accounts to pay online,” the Department of Information Technology (IT) at the Ministry of Interior, said on Tuesday on its Facebook and Twitter.

The department also provided precautions and tips to prevent online crime when spending online and avoid anonymous people stealing money to use without permission.

The department said people should use virtual, debit or credit cards for online payment, set a transaction limit per day, and turn on the notification setting to receive alerts for each payment transaction.

The department added that if an anonymous person hacks into a Facebook account and uses the account holder’s bank card to advertise on Facebook Business Manager, Facebook will not show it to the owners until the maximum amount is reached.

The department said the cost of such advertising can be followed up and monitored frequently and people should keep their bank card information as secure as possible.

Users should get notifications of new device access or Multi-factor Authentication and change their Facebook account password often.

The market value of e-commerce in Cambodia surged 19 percent to $970 million in 2021 compared to a year earlier, according to the iTrade Bulletin of the Ministry of Commerce.

The amount is expected to increase nearly twofold by 2025.

According to the estimates of the Ministry of Commerce, the Kingdom’s e-commerce market value will increase to $1.7 billion in value by 2025.

According to the Telecommunication Regulator of Cambodia, the number of mobile phone subscribers in Cambodia reached 19,458,849 in January 2022, while the number of internet subscribers reached 1,7591,396.

During the significant rise of e-commerce and the number of social media users in Cambodia, digital marketing on online platforms, such as Instagram, Telegram, and especially Facebook by boosting business Facebook page, earn money through ads are popular and extremely important for hitting target customers.

Page boosting or paying for Facebook ads accepted payment methods include credit cards or co-branded debit cards such as Mastercard, Visa, American Express in one of their accepted currencies and PayPal in one of their accepted currencies.