A couple weeks back, Globe and PSE announced a tie-up that will allow the 67 million GCash users to trade stocks via the app.
This week, the GStocks feature appeared inside the GCash app with a teaser that it will be coming soon (PSE mentions November availability of the service).
More details are coming out about GStocks, among them is the ability to trade global stocks! Think Apple, Google, Tesla.
Initially, stocks from the NYSE and NASDAQ that have a market capital of $2 billion and above will be available (around 600 of them) but more stocks will be added soon.
Requirements to be able to use GStocks Global are adults (18 years old and higher) that are residents of the Philippines. You can transact directly using your GCash to fund your Trade wallet (forex rates apply) and buy available stocks for as low as $1.
We’re still waiting for further announcement when this feature will be available in GCash but we’ll update this story once we get them.