Globe Telecom Inc. is pursuing mobile stock trading and lending to unserved consumers as growth from its traditional business tapers off, President Ernest L. Cu said.
Globe, which counts Singapore Telecommunications Ltd. and conglomerate Ayala Corp. as its largest shareholders, is building its lending business through its GCash platform which already has a loan portfolio of P40 billion .
Globe and the Philippine Stock Exchange will this month introduce a mobile stock trading service, aimed at expanding the local equity market’s retail investors base. Mr. Cu expects its take-up to be as “tremendous” as the other financial services that’s been added to GCash.
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