The Bureau of the Treasury (BTr) reported that the application that enables small investors to buy government securities with their smartphones had allowed the government to reach about P48 million from the PROGRESO Retail Treasury Bonds (RTBs), which were then offered to the public from July 16 to August 7, 2020.
Among government officers who had invested through the use of Bonds.PH were Finance Secretary Carlos Dominguez III, Bangko Sentral ng Pilipinas Governor Benjamin Diokno, and Acting Secretary Karl Kendrick Chua of the National Economic and Development Authority.
“Through Bonds.PH, we were able to expand the access to RTBs of small investors, including the unbanked, and made investing easy for Filipinos not only here but across the globe,” said Dominguez.
Bonds.ph is available on both Google Play and the App Store, in which users can cash in via GCash or Paymaya, and invest in a minimum of P5,000, and watch their investment grow through the app.
The BTr rolled out Bonds.ph since July 16 together with the Union Bank of the Philippines (UnionBank) and the Philippine Digital Asset Exchange (PDAX).