One of the big updates that are coming to GCash is the ability for users to invest in local stocks with GStocks PH. Since then, GCash has been mum on when GStocks PH will have a public launch despite some users having early access to it. It seems that the public launch for GStocks PH is happening soon, as it recently received the green light from the SEC to operate.

To recall, what makes GStocks PH interesting is it allows GCash users to invest in companies listed on the Philippine Stock Exchange for as low as Php 50. This was also made possible through a partnership with AB Capital and the PSE. Based on their current data, the Philippines has a little over 1% of Filipinos investing in the stock market.

“The SEC supports new innovations in financial technology and how this can enable more Filipinos to have access to legitimate investment opportunities. While making sure the regulatory environment remains conducive to such innovations, the Commission will also continue to champion consumer and investor protection through timely regulations,” SEC Commissioner Kelvin Lester K. Lee said in a statement.

“Now that AB Capital Securities Inc.’s online trading platform is available on GCash, millions more can invest in some of the biggest, most profitable, and well-managed listed companies on the PSE – giving them greater potential to earn more from their hard-earned money,” AB Capital Group Executive Chairman Antonio Jose Periquet, Jr. said.