You may now invest in Gov’t Retail Treasury Bonds with PayMaya - Android

PayMaya recently partners with Bonds.PH, an online investment platform powered by the Philippine Digital Asset Exchange (PDAX), for allowing Filipinos to avail of the...

The post You may now invest in Gov’t Retail Treasury Bonds with PayMaya appeared first on YugaTech | Philippines Tech News & Reviews.

PayMaya recently partners with Bonds.PH, an online investment platform powered by the Philippine Digital Asset Exchange (PDAX), for allowing Filipinos to avail of the government’s next Retail Treasury Bond (RTB).

PayMaya account holders may now easily add funds to Bonds.PH using their PayMaya-registered mobile numbers, letting them acquire government RTBs even to those who do not yet have a bank account.

To do this, they must download the Bonds.PH app on iOS and Android devices, sign-up, and verify their accounts.

Here’s how to add funds to your Bonds.PH account using PayMaya:

1. Go to the ‘Cash In’ section of the app and select ‘Pay with PayMaya’.

2. Choose the amount you want to cash in, then complete the payment process after receiving the payment details in your email.

3. Choose the bond offering you want to invest in once your account has been funded. Review the transaction details, and click ‘Buy’.

Until the final allocation is completed, the subscription will have an “Awaiting Subscription” status.  All orders are considered final upon placement and can no longer be canceled.

To check the status of investment, click the ‘My Orders’ button in the Bonds.PH app.  A notice of the successful purchase of the bond will also be sent via email.

Once the investment has matured, customers may choose to transfer it from the Bonds.PH to PayMaya account. To do this, simply choose PayMaya as the main cash-out account for earnings. Do note that a minimal fee of PHP 5.00 per transaction will be charged.

The Bureau of the Treasury has allowed the digital investment platform to offer newly-issued, five-year bonds due 2025 to individual investors. Prospective investors may invest as low as PHP 5,000 up to PHP 500,000.

The Bureau of the Treasury aims to reach PHP 30 billion from its five-year RTBs. The RTBs in the app will be offered from July 16 to August 7 and to be settled on August 12, 2020.

The post You may now invest in Gov’t Retail Treasury Bonds with PayMaya appeared first on YugaTech | Philippines Tech News & Reviews.