GCash Readies GStocks Rollout

Ayala-led leading mobile wallet GCash is expected to go full blast with GStocks, an in-app stock trading platform, this August, almost a year after proponents announced it in September 2022.

Photo Insert: GStocks will be available to fully-verified GCash users without the need for a bank account but the SEC wants to make sure that the platform won’t be used for fraudulent activities.

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Philippine Stock Exchange president Ramon Monzon said the platform has been soft launched and is expected to achieve full operations next month.

It took time because the Securities and Exchange Commission (SEC) wanted to make sure that there would be enough know-your-customer (KYC) measures done for users of the platform, Monzon said.

GStocks will be available to fully-verified GCash users without the need for a bank account but the SEC wants to make sure that the platform won’t be used for fraudulent activities.

“The Securities and Exchange Commission (SEC) is monitoring if there would be problems (since the soft launch) but so far there’s been no problem,” Monzon told reporters.

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