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Philippines' top payment app GCash to offer stock trading service

Exchange chief hopes to quadruple investor accounts in 'very short period of time'

MANILA -- Philippine fintech startup Mynt plans to offer stock trading on its popular GCash app by November, a move the Philippine Stock Exchange hopes will be a "game changer" for the local equities market.

The planned launch of the stock-trading service will be carried out in partnership with the PSE and brokerage AB Capital Securities, and is part of GCash's ongoing transformation from a mobile payments app into a fintech platform that offers credit and investment services. This will be the first time for a payment app to offer stock trading in the Philippines.

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