The fintech arm of Globe Telecom Inc., GCash has tied up with ATRAM Trust Corp. and SEEDBOX Philippines to make investment more inclusive through their new product—GInvest.
This first-ever digital investment channel is open for Filipinos as young as 18 years old and with a valid government-issued identification card.
“We want to allow people from all walks of life to be able to start understanding the benefits of investing,” said Martha Sazon, president and chief executive officer of Mynt, the company behind GCash. “Through GInvest, they are able to use their savings and make it grow so they can use their returns to travel or fulfill their dream purchases.”
GInvest gives access to expertly managed funds with industry leaders like Ayala and Globe locally, and the likes of Alibaba, Apple, and Google globally.
“We are thrilled to partner with GCash in providing Filipinos easier access to investment opportunities around the world,” said ATRAM CEO Mike Ferrer. “We believe that through GInvest, investing will become a habit for Filipinos and allow them to build a more financially secure future.”
According to him, they have lowered the minimum investment requirement for their funds: At least ₱50 buy-in for local funds and ₱1,000 for international funds.
To start, they just have to log in to the GCash app using a fully verified account. Then, go to the GInvest module. Next, select “Proceed to start registration.”
From there, they will need to answer the Risk Profile assessment to help GInvest gauge what kind of investments to recommend. After reading and confirming the Terms and Conditions that follow, users are ready to start investing.
They may choose to invest in five different types of funds: Money Market Fund, the more traditional way of investing, like time deposits; Philippine Total Return Bond Fund, which lets investment in bonds in local companies and government; Philippine Smart Equity Index Fund, which allows investment in local companies through the PSEi index; Global Technology Feeder Fund, which lets investment in international tech trailblazers; and Global Consumer Trends Fund, which allows investment in innovative companies.
GInvest gives users complete control and transparency over their investments and those handling their investments.
It allows them to track and subscribe assets they’re interested in, monitor their investments, buy and sell stocks, and be reminded of their investment schedule—all without leaving the GCash app.
More details are available at www.gcash.com.
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