DOF to sell bonds via Gcash, rolls out new dealing system

Quick Summary:

AMID a public backlash on the GCash fiasco, the Department of Finance (DOF) announced it will begin selling next month government debt papers, such as Treasury bills and bonds, through the digital payment platform.

The Metropolitan Bank and Trust Co.was the top performer among all GSEDs.

Recto said during an event commemorating the 127th Anniversary of the Bureau of the Treasury (BTr) on November 12.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: PhilippinesChina

Topics: Bank Philippine Retail Government Digital Gcash Bonds Treasury Gseds Event Recto

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-13 @ 15:07:06 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 474 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23572617

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 9 posts per day

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Coverage Areas: Philippines

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