Is NewCash legit?
No. The SEC has revoked Populus Lending Corporation's authority to lend. It is not on the SEC list of recorded online lending platforms. SEC list, Sep 29, 2026
| Item | Result | Source |
|---|---|---|
| On the SEC list of recorded online lending platforms (dated Sep 29, 2026) | No | SEC list, Sep 29, 2026 |
| Company | Populus Lending Corporation: authority revoked by the SEC | SEC record |
| SEC finding | 2 documents, latest SEC En Banc Case No. 07-23-006 of Nov 20, 2023 | SEC, Nov 20, 2023 |
The SEC has named NewCash in 2 documents, most recently an SEC En Banc Case No. 07-23-006 dated Nov 20, 2023, which lists it as "NEWCASH".
Next: find a lender on the SEC list instead, and report NewCash if it contacted you.
The SEC record on NewCash
“CEASE AND DESIST from engaging in, carrying out, any unfair debt collection practices in connection to any lending activity/ transaction.”
| Date | SEC document | Named as |
|---|---|---|
| Nov 20, 2023 | SEC En Banc Case No. 07-23-006SEC En Banc Case No. 07-23-006 In the matter of: POPULUS LENDING CORPORATION WITH ONLINE LENDING PLATFORMS OPERATING UNDER THE NAME PESOPOP, PESOCOW, NEWCASH, and LUCKYLOANIt names 4 apps | NEWCASH |
| Aug 8, 2023 | SEC order of revocation against Populus Lending CorporationPOPULUS LENDING CORPORATIONIt names 2 apps | NewCash |
These SEC documents name the app without a store address.
If you already used NewCash
- Send NewCash no more money, ID or bank details: the SEC named it in its SEC En Banc Case No. 07-23-006 dated Nov 20, 2023; the SEC revoked the authority of Populus Lending Corporation, the company behind it. The SEC's advisory of Aug 20, 2026 says not to transact with, send personal information to or pay any advance payment or fee to an app missing from its list.
- Switch off its contacts permission. A lender may not contact anyone in your phone contacts other than the guarantors you named, whether or not it is on the SEC list. (DICT, NPC and SEC, Mar 18, 2026)
- If it messaged your contacts or posted your photo, file with the National Privacy Commission: send its Complaints-Assisted Form (CAF) to complaints@privacy.gov.ph (privacy.gov.ph).
- Report NewCash on SEC hotline 14732 or the iMessage portal. Lending without SEC authority carries a ₱10,000 to ₱50,000 fine, six months to ten years in prison, or both (RA 9474 Sec. 12).
Need a loan now? No lender pays to appear on this site or to change its position. Search the SEC list of recorded lending apps or compare the recorded apps by what you pay back. A recorded lender prints its company name, SEC Registration No. and Certificate of Authority No. in the app and its ads (SEC MC No. 19 s.2019, Sec. 1).
This page covers NewCash's SEC record. To report it or a harassment campaign, use the SEC (hotline 14732) and the National Privacy Commission; to recover money or bring a case, see a lawyer.
Questions about NewCash
Can NewCash post me on Facebook or message my contacts?
No. Publishing a borrower's name and personal details as someone who refuses to pay is an unfair collection practice (SEC MC No. 18 s.2019, Sec. 1(d)). Call the National Privacy Commission on (+63) 2 5322 1322 local 114 or 115 about a post or message.
How do I remove my information from NewCash?
Uninstall the app after switching off its contacts and photos permissions, then file a complaint with the National Privacy Commission using its Complaints-Assisted Form (CAF) sent to complaints@privacy.gov.ph.
Can I be jailed for not paying NewCash?
The 1987 Constitution says: "No person shall be imprisoned for debt or non-payment of a poll tax." (1987 Constitution, Art. III, Sec. 20). Issuing a check that bounces is a separate offense under BP Blg. 22.