The Philippine government is making investing in government bonds easier and more accessible by launching GBonds on the GCash app this December. With just a few taps on your smartphone, Filipinos can invest in government securities and take steps toward securing their financial future.
Investing Made Simple
During the Bureau of the Treasury’s 127th Anniversary, Finance Secretary Ralph Recto introduced this initiative, emphasizing its goal of making bond investments a regular part of Filipino life:
“We envision a future where investing in government bonds is no longer a luxury but as simple as ordering food online. This empowers Filipinos to secure their future from the comfort of their homes.”
Recto urged GCash, PDAX, and regulators to speed up the launch process to bring this vision to life.
Why GBonds Matter
By making government bonds available on GCash, the government aims to encourage more Filipinos to invest and save. The easy-to-use platform removes the usual barriers to investment, making it a practical option for those looking to grow their money while supporting the country’s development.
A Boost for Financial Inclusion
This initiative supports the government’s broader goal of creating a more inclusive financial system, where investments are accessible to everyone. With GBonds, Filipinos from all walks of life can take part in the nation’s progress while securing their financial goals.
Recto also praised government securities-eligible dealers (GSEDs) for their efforts in raising PHP 586.84 billion during the 30th Retail Treasury Bond offering, a key achievement in strengthening the Philippine capital market.
The upcoming launch of GBonds could redefine how Filipinos invest, making it as effortless as sending money or paying bills on mobile apps.
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Source: FintechNews Philippines, November 14, 2024
