Philippines to launch "GBonds" in December, making government bonds accessible via GCash app.

The Philippine government plans to launch "GBonds" on the GCash e-wallet platform in December, aiming to make government bond investments accessible to the public. Finance Secretary Ralph Recto said the initiative will allow retail investors to buy and sell government securities through a simple mobile app feature, similar to ordering food delivery. With over 94 million GCash users, this move seeks to boost financial inclusion and digital transformation in the country.

November 13, 2024
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