The introduction of stock investment and savings accounts as in-app features of GCash, the country’s leading e-wallet, 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 Winsley Bangit, GCash Vice President and Group Head of Wealth Management and New Businesses.
With GStocks PH simplifying stock investments, users can easily buy shares from companies listed on the Philippine Stock Exchange (PSE) for less than PHP 1000.00, 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 P12 million 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,”
Bangit said.
For more information, visit https://new.gcash.com/services/gstocks-ph and https://new.gcash.com/services/gsave.
About Mynt
Mynt is the parent company of GCash, the #1 Finance Super App in the Philippines. It’s the first and only fintech company listed on the Philippine Stock Exchange under the “GCASH” ticker symbol. Through GCash, Mynt advances its vision of 'Finance for All' by making financial services more accessible to Filipinos. Mynt operates a portfolio of companies, including G-Xchange, Inc., the payments company responsible for the digital payments and electronic money activities in the GCash app, and Fuse Financing, Inc., the financing company for GCash that provides fair and digitally-enabled credit products and solutions.
Mynt, through its fintech operations, is a staunch supporter of the United Nations Sustainable Development Goals (SDGs), particularly focusing on safety & security, financial inclusion, diversity, equity, and inclusion, as well as taking urgent action to combat climate change and its impacts.
About GCash
GCash is the Philippines’ #1 Finance App and Largest Cashless Ecosystem. Through the GCash App, users can easily purchase prepaid airtime; pay bills via partner billers nationwide; send and receive money anywhere in the Philippines, even to other bank accounts; purchase from over 6 million partner merchants and social sellers; and get access to savings, credit, loans, insurance and invest money, and so much more, all at the convenience of their smartphones. GCash’s mobile wallet operations are handled by G-Xchange, Inc. (GXI), a wholly-owned subsidiary of Mynt, the first and only duacorn in the Philippines.
Mynt and GCash are staunch supporters of the United Nations Sustainable Development Goals (SDGs), particularly UN SDGs 5,8,10, and 13, which focus on safety & security, financial inclusion, diversity, equity, and inclusion as well as taking urgent action to combat climate change and its impacts, respectively.
For more information, please contact:
Bruce Rodriguez, Head of Business Communications
Corporate Communications
