Users of e-wallet GCash may now invest in selected government securities, the Bureau of the Treasury (BTr) said Friday.
The BTr said elected government securities, such as Treasury bills (T-bills), are now available on GBonds, a new investment platform made possible through its partnership with GCash, the Philippine Digital Asset Exchange (PDAX), Inc., and Bonds.ph, Inc.
GBonds in the GCash App is a marketplace that allows users to invest in government bonds with free top-ups and withdrawals and standard fees for buying or selling bonds.
It offers T-Bills for a minimum of P500 and Retail Treasury Bonds (RTBs) for a minimum of P5,000 during their primary offering.
The initiative supports the BTr’s commitment to financial inclusion by allowing Filipinos to invest in government securities through their mobile devices, even without a bank account.
It is part of the BTr's continued efforts to broaden retail investor participation, promote financial literacy and inclusion, and deepen the domestic debt market.
The BTr said RTBs will also be offered on the platform soon, in time for the next RTB issuance.
“GBonds is about bridging the gap between the government securities market and the millions of Filipinos,” National Treasurer Sharon Almanza said.
“By making these investment options available through mobile applications and electronic wallets, we are showing our commitment to empowering more Filipinos by providing easier access and more inclusive ways to invest,” she added.
Finance Secretary Ralph Recto, meanwhile, said GBonds could help achieve the country’s economic goals.
“GBonds is a powerful instrument that gives Filipinos a safe way to grow their hard-earned money while also helping build the country’s future by supporting key government programs like infrastructure and education,” said Recto.
BTR PHOTO