GCash, the financial technology arm of Globe Telecom Inc., said it now has nearly half a million user base for its stock brokerage service since announcing its partnership with AB Capital Securities Inc. last year.
GCash said through its GStocks PH service, it has established itself “as a reliable trading channel by offering well-timed investment insights and advisories to its users.”
With half a million users already registered to GStocks PH, GCash said it has attracted an extensive and diverse range of users in every region in the country, namely, in the National Capital Region (37 percent), North Luzon (15 percent), South Luzon (25 percent), Visayas (13 percent) and Mindanao (10 percent).
With GStocks PH, GCash users can invest in local stocks — register easily, top up quickly and free of charge as well as seamlessly invest in over 280 local companies listed on the Philippine Stock Exhange (PSE) — all within the app, said Jong Layug, GCash group head of wealth management.
“Using the newest wealth tool of GCash, the Learning Hub, users can also access valuable and bite-sized content to better grasp financial concepts. GCash users can access the Learning Hub by going to GInvest from the main dashboard,” said Layug.
“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,” he added.
