{"id":39440,"date":"2020-07-15T18:04:44","date_gmt":"2020-07-15T10:04:44","guid":{"rendered":"http:\/\/www.upgrademag.com\/web\/?p=39440"},"modified":"2020-07-15T18:04:46","modified_gmt":"2020-07-15T10:04:46","slug":"filipinos-can-now-invest-in-govt-retail-treasury-bonds-using-paymaya","status":"publish","type":"post","link":"http:\/\/www.upgrademag.com\/web\/2020\/07\/15\/filipinos-can-now-invest-in-govt-retail-treasury-bonds-using-paymaya\/","title":{"rendered":"Filipinos can now invest in Gov’t Retail Treasury Bonds using PayMaya"},"content":{"rendered":"

Digital financial services leader PayMaya has extended its financial inclusion mission into the retail investing space with the government’s upcoming Retail Treasury Bonds offering.<\/p>\n

Partnering with Bonds.Ph, a new online investment platform powered by the Philippine Digital Asset Exchange (PDAX), it will now allow small individual investors to avail of the government’s next Retail Treasury Bond (RTB) offering\u00a0using their\u00a0PayMaya accounts.<\/p>\n

To spread investment opportunities among the population, the Bureau of the Treasury has allowed the\u00a0Bonds.Ph app\u00a0to offer its newly-issued five-year bonds due 2025 to individual investors. Prospective investors can invest in amounts as low as P5,000up to an aggregate of P500,000.<\/p>\n

PayMaya account holders can easily add funds to their Bonds.ph<\/a> accounts using their PayMaya-registered mobile numbers,\u00a0thereby democratizing access to government RTBs even to those who do not yet have a bank account.<\/p>\n

The Bureau of the Treasury targets to raise P30 billion from its five-year RTBs to be offered from July 16 to August 7 and to be settled on August 12.<\/p>\n

\u201cWe have always envisioned to provide Filipinos with affordable and secure investment instruments where they can invest and at the same time aid the government in raising funds especially at this time. So we opened up our next Retail Treasury Bond offering to an online platform like Bonds.Ph that allows investors to use e-wallets like PayMaya to invest in RTBs,\u201d said National Treasurer Rosalia de Leon.<\/p>\n

\u201cOpening up various online channels that allows Filipinos to invest will ensure a wider participation from individual investors, particularly for this offering,\u201d she added.<\/p>\n

For his part, PayMaya Founder and CEO Orlando B. Vea said: \u201cThis is a new exciting path that the government is taking towards financial inclusion and we are delighted to be chosen as an enabling technology partner.”<\/p>\n

PayMaya accountholders simply need to download the Bonds.Ph app from the App Store for iOS users and Google Play Store for Android Users, register and verify their accounts, and easily cash in using their PayMaya-registered mobile numbers.<\/p>\n

To add funds to your Bonds.Ph account using PayMaya, simply follow these steps:<\/p>\n

    \n
  1. Go to the Cash In section of the app and select Pay with PayMaya. A minimal fee of P5.00 per transaction will apply.<\/li>\n
  2. Choose the amount you want to cash in, then complete the payment process after receiving the payment details in your email.<\/li>\n
  3. Once your account has been funded, choose the bond offering you want to invest in, review the transaction details, and click “Buy”<\/li>\n
  4. The subscription will have an \u201cAwaiting Subscription\u201d status until the final allocation is completed. All orders are considered final upon placement and can no longer be cancelled.<\/li>\n<\/ol>\n

    To check the status of your investment, click the “My Orders” button in the Bonds.Ph app.\u00a0An email will also be sent to you for the notice of successful purchase of the Bond.<\/p>\n

    Once the investment has matured, you may also choose to withdraw the proceeds from your Bonds.Ph account straight to your PayMaya account.\u00a0Simply choose PayMaya as the account where you will cash out your earnings. There is a minimal fee of P5 for every cash out transaction made through your PayMaya account.<\/p>\n

    To start investing in government RTBs through the Bonds.Ph app even without a bank account,\u00a0create a PayMaya account today. Simply download the app using this link https:\/\/official.paymaya.com\/CAK1\/425eb133<\/a> and register for an account using only your mobile number.<\/p>\n

    To know more about how to fast-track the groundwork towards a more progressive and digital government,\u00a0visit\u00a0http:\/\/enterprise.paymaya.com<\/a>\u00a0or send an email to\u00a0gov@paymaya.com<\/a>\u00a0for further details.<\/p>\n

    PayMaya\u00a0is the only end-to-end digital payments ecosystem enabler in the Philippines with platforms and services that\u00a0cut\u00a0across consumers, merchants, and government. Aside from providing\u00a0payments acceptance for the largest e-Commerce, food, retail and gas merchants in the Philippines,\u00a0PayMaya\u00a0enables\u00a0national and social services agencies as well as local government units with digital payments and disbursement services.<\/p>\n

    Through its app and wallet,\u00a0PayMaya\u00a0provides\u00a0millions of Filipinos with the fastest way to own a financial account with over 40,000 Add Money touchpoints nationwide, more than double the total number of traditional bank branches in the Philippines combined.\u00a0Its Smart\u00a0Padala\u00a0by\u00a0PayMaya\u00a0network of over 30,000 partner\u00a0touchpoints\u00a0nationwide\u00a0serves as last mile digital financial hubs in communities, providing the unbanked and underserved with access to services.\u00a0To know more about\u00a0PayMaya’s\u00a0products and services, visit\u00a0www.PayMaya.com<\/a>\u00a0or follow @PayMayaOfficial on Facebook, Twitter, and Instagram.\u00a0[END]<\/p>\n","protected":false},"excerpt":{"rendered":"

    Digital financial services leader PayMaya has extended its financial inclusion mission into the retail investing space with the government’s upcoming Retail Treasury Bonds offering. Partnering with Bonds.Ph, a new online investment platform powered by the Philippine Digital Asset Exchange (PDAX), it will now allow small individual investors to avail of the government’s next Retail Treasury […]<\/p>\n","protected":false},"author":1,"featured_media":39441,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[7202,4156,3682],"class_list":["post-39440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-apps","tag-bonds","tag-financial-technology","tag-paymaya"],"_links":{"self":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/39440","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/comments?post=39440"}],"version-history":[{"count":0,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/posts\/39440\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media\/39441"}],"wp:attachment":[{"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/media?parent=39440"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/categories?post=39440"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.upgrademag.com\/web\/wp-json\/wp\/v2\/tags?post=39440"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}