Connect with us

Hi, what are you looking for?


Stock trading via GCash to start by November — PSE


THE Philippine Stock Exchange (PSE) has tied up with GCash to allow subscribers of the mobile payment platform to directly invest in the stock market, the local bourse’s top official said on Tuesday.

“GCash and PSE have agreed to tie up. And we will be offering stock trading to the 67 million subscribers of GCash,” PSE President and Chief Executive Officer Ramon S. Monzon said in an interview on BusinessWorld Live.

“We agreed on the commercial terms and we are now doing the technical issues,” Mr. Monzon added.

Through the partnership, the PSE will design a platform that will allow GCash users to be able to invest directly in the stock market.

“Because of the profile of GCash subscribers, we are also in the process of studying how we can offer or make possible fractional trading in shares so that more GCash subscribers are able to invest in stocks,” Mr. Monzon said.

He said that the PSE already reached an agreement with GCash that the broker that will handle the said transaction will be AB Capital Securities, Inc.

“It’s a tripartite agreement between PSE, GCash and AB Capital,” he added.

Mr. Monzon said: “By November, GCash subscribers should be able to invest already in the stock market.”

The PSE chief said that the tie-up with GCash will be a game-changer for the stock exchange in terms of the number of retail investors participating in the market.

“The PSE was organized in 1927. We’re talking about 94 years and we only have 1.7 million stock market investors,” Mr. Monzon said.

“When we were going over the projections of GCash, they project[ed] about more than nine million new investors in five years’ time,” he added. — Justine Irish D. Tabile

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



PHILIPPINE STAR/ MICHAEL VARCAS WASHINGTON D.C. — The United States is seeking to form a coalition of countries to drive negotiations on a global...


Buildings are seen along EDSA in Quezon City. — PHILIPPINE STAR/ MIGUEL DE GUZMAN By Diego Gabriel C. Robles  THE WORLD BANK (WB) upgraded...


Heavy traffic is seen on the southbound lane of EDSA in Cubao, Quezon City. — PHILIPPINE STAR/ MIGUEL DE GUZMAN THE PHILIPPINE auto industry’s...


REUTERS THE BANGKO SENTRAL ng Pilipinas (BSP) may deliver a second off-cycle rate hike in early November when the US Federal Reserve is expected...


Vendors arrange their goods at a public market in Manila. — PHILIPPINE STAR/ RUSSEL A. PALMA THE ASIAN Development Bank (ADB) is planning to...

Editor’s Pick

With the reversal of the 1.25% rise in National Insurance Contributions happening on the 6th of November, employers across the nation have an opportunity...

You May Also Like


BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...


KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...


REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...


COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.