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GCash introduces PH stock trading platform

September 22, 2022 - Thursday 4:09 PM by GDM

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The leading mobile wallet, GCash, will launch GStocks, an in-app stock trading platform.
 
In a statement, GCash said GStocks would be powered by one of the most reputable brokerages in the country, AB Capital Securities, and in collaboration with The Philippine Stock Exchange, Inc. (PSE).
 
GCash eyes to officially roll out stock market trading by year-end to select users, followed by a nationwide launch in early 2023, with close to 300 publicly-listed companies in the PSE accessible on the platform.
 
GCash president and CEO Martha Sazon said that the new stock trading feature on the app primarily aims to introduce equity trading to more Filipinos.
 
"With GStocks on the GCash app, powered by AB Capital Securities and supported by the PSE, more Filipinos can now invest in stocks," Sazon said.
 
"Thanks to its game-changing capabilities, GStocks will democratize stock trading in the country by making it accessible to the 66 million users of GCash. This trailblazing development is, of course, in line with our vision of 'Finance for All'," she added.
 
AB Capital Group Chairman and CEO Antonio Jose Periquet, who is regarded as one of the country's most trusted investment bankers, expressed confidence in the company's alliance with GCash and PSE.
 
"Aside from making stock trading more accessible to Filipinos, this partnership aims to help ordinary Filipinos grow their wealth by offering them the opportunity to own shares of publicly listed Philippine companies," said Periquet.

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