For the first time ever, the Philippine government’s Retail Treasury Bonds (RTB) have been made available on an e-wallet platform, as the Bureau of the Treasury (BTr) enables small investors to purchase government securities through the GBonds feature of GCash.
“We are thrilled to bring RTB 31 to the GCash app. This collaboration significantly expands our reach, enabling more Filipinos to invest in government securities easily and securely. It’s a monumental step toward our goal of a more financially inclusive Philippines, giving more people the opportunity to build their savings and contribute to the nation's economic growth,”
said the Treasurer of the Philippines, Sharon Almanza.
The BTr initially planned to issue a minimum offer size of P30 billion for the five-year (5Y) RTBs, but due to strong investor demand, it eventually sold P210 billion during the rate-setting auction which resulted in a 6% coupon rate.
GCash users who sign up for GBonds can instantly place a buy order for the government’s 31st Retail Treasury Bond Issuance (RTB 31) from August 5 until the end of the offer period on August 15.
“For a minimum investment of P5,000 with no extra fees, GCash users can instantly place a buy order for RTB 31 anytime within the offer period once they sign up for GBonds. More Filipinos will have the chance to take part in nation-building while taking a significant step toward their financial goals through this innovation,”
said Martha Sazon, President and CEO of GCash parent Mynt.
“In making RTBs more accessible to millions more Filipinos, we’re also enabling retail investors to contribute to the P2.6 trillion borrowing program of the government to fund essential projects,”
she added.
Powered by Philippine Digital Asset Exchange (PDAX), Inc. and Bonds.ph, in partnership with the Bureau of the Treasury, GBonds became available to the public in July, allowing fully verified users to access fixed-income government securities without the need for a bank account. Filipinos can place their bond investment order and get confirmation in a few minutes in the GCash app.
Getting started on GBonds is easy and simple. Fully verified GCash users with an updated KYC within the past 3 years just need to open the app, go to GInvest, select GBonds, and register for a PDAX account, subject to their terms and conditions, to complete the registration process.
To get a fully verified GCash account, users are encouraged to go through the KYC process within the app ahead of starting on GBonds. This involves providing personal information, uploading a valid government ID, and completing a selfie scan. For more information, visit the Help Center.
For updates about the Bureau of the Treasury’s latest offerings, visit www.treasury.gov.ph and like/follow their Meta Page at TreasuryPH.
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.
