MANILA, Philippines — E-wallet giant GCash has ramped up the reach of its stock investment platform GStocks PH, with user base now reaching nearly half a million.
GCash tapped AB Capital Securities Inc. last year to introduce GStocks PH to its users, allowing them to diversify their portfolios and choose companies listed on the Philippine Stock Exchange (PSE).
“Through our partnership with GCash, it’s now very easy for an individual to open an account for local stock investments and trade in stocks, with just a tap of their finger,” AB Capital chairman and CEO Antonio Jose Periquet said.
GCash said GStocks PH has taken strides in gaining investors’ confidence by establishing itself as a reliable trading channel and by offering well-timed investment insights and advisories to its users.
With half a million users already registered to GStocks PH, GCash has attracted an extensive and diverse range of users across the country.
“We have a compounded annual growth rate of about 11 percent in stock market investors. I’m hopeful that with the easy access and the education initiatives that we are doing for the GCash subscribers, hopefully, at least in the next five years, if they could double that 1.9 million, we’ll be happy,” PSE president and CEO Ramon Monzon said.
With GStocks PH, GCash users can seamlessly invest in over 280 local companies listed on the PSE all within the GCash app.
Through the newest wealth tool of GCash, the Learning Hub, users can also access valuable and bite-sized content to better grasp financial concepts.
“We are very determined to craft different solutions and make wealth creation easier for millions of Filipinos, while ensuring compliance with our regulators. We found like-minded partners in AB Capital and the PSE who share the vision of advancing financial empowerment for more Filipinos in a way that is safe, easy and less daunting,” said GCash group head of wealth management Jong Layug said.