GCash, the mobile wallet of Globe Telecom Inc., rolled out a digital investment platform that allows young Filipinos to invest in local and global companies for as low as P50.
“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 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," she said.
GInvest is the first digital investment platform which allows Filipinos as young as 18 years old and with a valid ID to explore investments and conveniently grow their wealth through a tap of their GCash app.
Together with ATRAM Trust, the leading independent asset manager in the country, and SEEDBOX Philippines, a company which has introduced digitized investing in the Philippines, GInvest provides access to expertly managed funds with industry leaders like Ayala and Globe locally, and the likes of Alibaba, Apple and Google globally.
“Users can trust the funds they put in are being managed by the most trusted fund managers in the country and are kept secure by GCash infrastructures. We are thrilled to partner with GCash in providing Filipinos easier access to investment opportunities around the world. We have lowered the minimum investment requirement for our funds to allow new investors to get started on their investment journey without having to put up large sums of money," said Mike Ferrer, chief executive of ATRAM.
"We believe that through GInvest, investing will become a habit for Filipinos and allow them to build a more financially secure future,” he said.
Users 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 users invest in bonds in local companies and government), Philippine Smart Equity Index Fund (which lets users invest in local companies through the PSEi index, like BPI, BDO and Ayala), Global Technology Feeder Fund (which lets users invest in tech trailblazers like Google, Apple and Samsung) and Global Consumer Trends Fund (which lets users invest in innovative companies like Shopee, Nintendo or Alibaba).
GInvest aims to elevate Filipino financial literacy and democratize investments. A minimum P50 buy-in for local funds and P1,000 for international funds allow any GInvest user to start their investment journey, making GInvest by GCash the first fintech company in the Philippines to offer low investment buy-ins.
Users also have the assurance of seeing where their money is and tracking its growth.
To assure new or experienced investors, GInvest gives users complete control and transparency over their investments and those handling their investments.
GInvest lets users 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.