Bonds.PH is the Philippines’ first digital platform that enables small investors to buy government securities using their smartphones and other digital devices. It was launched last July 16 by the Treasury bureau in partnership with Union Bank of the Philippines and the Philippine Digital Asset Exchange. In addition to Filipinos in Singapore, those based in the United States bought a total of P350,000 of Progreso bonds via the mobile app, while Filipinos living in Qatar invested P275,000 combined. The Bonds.PH mobile app was downloaded 25,000 times via the Apple App Store and Google Play with users located in 85 countries, de Leon added. Retail bonds are generally considered low-risk for investors, allowing them to earn a fixed interest based on prevailing market rates.

Source: Manila Times August 16, 2020 16:18 UTC