“GCash and PSE have agreed to tie up. And we will be offering stock trading to the 67 million subscribers of GCash,” PSE President and Chief Executive Officer Ramon S. Monzon said in an interview on“We agreed on the commercial terms and we are now doing the technical issues,” Mr. Monzon added.
“Because of the profile of GCash subscribers, we are also in the process of studying how we can offer or make possible fractional trading in shares so that more GCash subscribers are able to invest in stocks,” Mr. Monzon said. The PSE chief said that the tie-up with GCash will be a game-changer for the stock exchange in terms of the number of retail investors participating in the market.
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