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 first and only $5 billion unicorn in the Philippines. It's a leader in mobile financial services focused on accelerating financial inclusion through mobile money, financial services, and technology. Mynt operates two fintech companies: GXI, the mobile wallet operator of GCash — the #1 Finance App in the Philippines, and Fuse Lending, a tech-based lending company that gives Filipinos access to microloans and business loans.
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
Legal Disclaimer & Safe Harbor Statement
This press release is for informational purposes only and does not constitute, or form part of, any offer, solicitation, or invitation to sell, issue, purchase, or subscribe for any securities in the Philippines, the United States, or any other jurisdiction. No securities of Mynt, Inc. have been or will be registered under the U.S. Securities Act of 1933, as amended, and such securities may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. There will be no public offering of the securities of the Company in the United States. No money, securities or other consideration is being solicited by this document or the information contained herein and, if sent in response to this document or the information contained herein, will not be accepted. Any potential initial public offering and listing in the Philippines, if pursued, remain fully subject to prevailing market conditions and regulatory approvals, including the registration requirements of the Philippine Securities and Exchange Commission and the listing rules of the Philippine Stock Exchange, Inc., and there can be no assurance that any such filings will be made or that any offering or listing will be consummated. This document contains forward-looking statements that involve inherent risks and uncertainties; actual results, timelines, and outcomes may differ materially from those projected due to shifting market dynamics, economic environments, and regulatory updates.
