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| (Image Source: Orange Magazine TV/GCash) |
The introduction of stock investment and savings accounts as in-app features of GCash, the leading e-wallet in the Philippines, has rapidly democratized access to these wealth-building digital finance tools for millions of first-time users. In just less than a year since its launch, GStocks PH, powered by AB Capital Securities Inc., has made a significant impact in the lives of Filipinos, with over 800,000 registered users. This number grows daily, reflecting increasing interest in stock market engagement.
“This milestone underscores GCash’s commitment to making investment opportunities more accessible to Filipinos across the country. In addition, through GStocks PH, GCash has helped boost the number of Philippine Investors where 1 in 5 PSE accounts trade via the app,” said GCash Vice President and Group Head of Wealth Management and New Businesses Winsley Bangit. With GStocks PH simplifying stock investments, users can easily buy shares from companies listed on the Philippine Stock Exchange (PSE) for less than Php1,000.00 as well as navigate the stock market with ease. They can invest in over 280 local companies directly through the GCash app.
Recently, the GCash organized the first-ever GStocks PH Connect, gathering users of the feature for its first anniversary to build a supportive network of traders. On top of the freebies, games, and good food, the invited users had access to exclusive market insights and stock investment tips from AB Capital’s head of research Hazel Tan. There, the GStocks PH team also revealed that the service has enabled users to create wealth of about Php12M in gains as of the end of July 2024. GCash’s commitment to financial inclusion extends beyond stock investments. Recently, the GSave Tab within the app’s dashboard has streamlined savings management for 10.9 million users.
“GCash has been known for championing financial inclusion, especially for the unbanked and underbanked. Together with our current GSave partners, namely, BPI, CIMB, UNO Digital Bank, and Maybank, we want to enable more Filipinos to build their wealth and achieve their financial goals,” said Bangit.
