MANILA, Philippines – GCash users can now invest in companies listed on the Philippine Stock Exchange after the company, alongside partner AB Capital Securities, secured the approval of the Securities and Exchange Commission for the feature’s public launch.
GStocks PH, which was earlier tested for select accounts, is now available to all users. Through the GCash app, users can register for the new service and trade stocks of over 280 local companies listed on the PSE. AB Capital Group’s executive chairman Antonio Jose Periquet Jr. said the strategic partnership with GCash and the PSE will be a big boost to the Philippines’ financial inclusion agenda.
GCash has over 80 million users, significantly higher than the 1.6 million local investors – or a little over 1% of the country’s population – currently trading through traditional investment houses on the PSE. “Now that AB Capital Securities Incorporated’s online trading platform is available on GCash, millions more can invest in some of the biggest, most profitable, and well-managed listed companies on the PSE – giving them greater potential to earn more from their hard-earned money,” Periquet added.
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