Stock trades via GCash to launch by year-end

MANILA, Philippines — Ayala-led mobile wallet GCash will launch G-Stocks, an in-app stock trading platform by the end of the year.

The trading platform, which will be powered by AB Capital Securities, is in collaboration with the Philippine Stock Exchange. It will make stock trading accessible to GCash users, now at 66 million.

PSE president and CEO Ramon Monzon welcomed the partnership, saying it would further modernize Philippine stock trading and enable millions more Filipinos to become stock market investors.

“Online trading has accelerated retail investor participation in the PSE in the last few years. This undertaking will take the dynamics of online trading to the next level. We are pleased to provide the trading technology that should fast-track the growth of retail investors in the stock market,” Monzon said in a press briefing yesterday.

GCash plans to officially roll out stock market trading by year-end to select users, followed by a nationwide launch in early 2023.

“More Filipinos can now invest in stocks. Thanks to its game-changing capabilities, GStocks will democratize stock trading in the country by making it accessible to the 66 million users of GCash,” said GCash president and CEO Martha Sazon.

AB Capital Group chairman and CEO Antonio Jose Periquet said the partnership aims to help ordinary Filipinos grow their wealth by offering them the opportunity to own shares of publicly listed Philippine companies.