Inquirer
‘Maya Stocks’ launches
Digital bank Maya has launched a new feature called Maya Stocks, allowing its users to invest in Initial Public Offerings (IPOs) through its mobile app.
This new service enables users to open and fund brokerage accounts entirely online within minutes, simplifying access to capital markets.
The feature is making its debut by allowing users to participate in the planned IPO of Maynilad Water Services Inc.
Maya Stocks has partnered with DragonFi Securities Inc., F. Yap Securities Inc., and Philstocks Financial Inc. to facilitate these investments.
While IPO subscriptions are completed on the partner brokers' platforms, Maya provides a secure and convenient channel for account opening and funding.
Maya's goal with this feature is to make financial opportunities more accessible and inclusive for Filipinos.
The launch coincides with the Maynilad IPO offer period, which is scheduled from October 23 to 29.
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