Month: July 2020

Bonds Made Me A Financial Product Shopaholic | How to Buy PH Government Bonds Using a Smartphone?

When are you planning to start your investment journey?

Everyone has a unique investment journey. Mine began with Bonds. A Bond is a form of loan where the holder of the bond is the lender (you), lets the issuer of the bond (government or company) borrow money with a fixed interest rate and definite maturity date. These are offered by the partner banks of the issuer. *Please do more readings before investing.

Why did I choose bonds, Government Bonds to be exact, as my first financial product? No it was not because of the interest rate. Though most bonds have higher interest rates than savings products offered by banks, the gain from bonds is not really that big versus other investment products in the market.

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The interest value of PhP 300 added in my bank account back then as my first income from the bonds I purchased is an immortal investing reminiscent of pleasure. That gratification conditioned me to search and shop more money-generating instruments in the market. When the government paid back the sum of the bonds I availed at the agreed maturity date, the emotions became more desirable, addictive but in a wholesome connotation. That feeling gave birth to my investing habit.

I elected bonds to be my first asset in my portfolio to teach myself a habit. I believe that one’s investing journey, though expectedly is filled with risks, should start with a rewarding emotional association of “It is true. I earned from it!” as a “When it was my first time to invest.” memory. The interest value of PhP 300 added in my bank account back then as my first income from the bonds I purchased is an immortal investing reminiscent of pleasure. That gratification conditioned me to search and shop more money-generating instruments in the market. When the government paid back the sum of the bonds I availed at the agreed maturity date, the emotions became more desirable, addictive but in a wholesome connotation. That feeling gave birth to my investing habit. That memory is a powerful take-off to the loftier heights of my narrative as a financial product shopaholic. Have you created such memory? You have to create it for your sake.

It is more affordable now to buy bonds. You can own the least at PhP 5,000. Also an equally inviting reason to own some bonds now is, you can buy it right from where you are NOW using the PayMaya app. Thankfully, you don’t have to go to the banks, get a priority number and so on.

HOW TO BUY BONDS USING YOUR SMARTPHONE WITH PAYMAYA

Digital financial services leader PayMaya has extended its financial inclusion mission into the retail investing space with the government’s Retail Treasury Bonds offering.

Partnering with Bonds.Ph, a new online investment platform powered by the Philippine Digital Asset Exchange (PDAX) , it will now allow small individual investors to avail of the government’s next Retail Treasury Bond (RTB) offering using their PayMaya accounts.

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You can buy bonds NOW. Prospective investors can invest in amounts as low as P5,000 up to an aggregate of P500,000.

1.Simply download the app using this link https://official.paymaya.com/CAK1/425eb133

2.Register for an account using only your mobile number. Earn P100 upon registration! Just copy and paste this code upon registration: < 1p374rl >

3.Add Money to your account to pay for the Bond.

Add Money Tip: You can Add Money through the 7-Eleven convenience stores near you.

Tap “Add Money” found at the App. Then choose on the “Add Money Partners”, tap the 7-Eleven box. Type the amount and tap continue. Show the bar code to the nearest 7-Eleven cashier. Pay for the amount. Wait for the SMS confirmation.

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ADD MONEY to your PayMaya account using these banks.

4.Download the Bonds.Ph app from the App Store for iOS users and Google Play Store for Android Users.

5.Register and verify your account.

6.Go to the Cash In section of the app and select Pay with PayMaya. 

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Go to the Cash In section of the app and select Pay with PayMaya. A minimal fee of P5.00 per transaction will apply.

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

8.Once your account has been funded, choose the bond offering you want to invest in, review the transaction details, and click “Buy” *Prospective investors can invest in amounts as low as P5,000 up to an aggregate of P500,000.

9.The subscription will have an “Awaiting Subscription” status until the final allocation is completed. All orders are considered final upon placement and can no longer be cancelled.

10.To check the status of your investment, click the “My Orders” button in the Bonds.Ph app. An email will also be sent to you for the notice of successful purchase of the Bond.

11.Once the investment has matured, you may also choose to withdraw the proceeds from your Bonds.Ph account straight to your PayMaya account. Simply choose PayMaya as the account where you will cash out your earnings. There is a minimal fee of P5 for every cash out transaction made through your PayMaya account.

*

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RTB 24 is available from  July 16 to August 7, 2020! RTB 24 is a 5-year fixed-income investment that yields 2.625% per annum, with a minimum investment amount of P5,000. For more details, visit http://www.treasury.gov.ph/rtb.

12.Follow the Facebook page of the Philippine Bureau of the Treasury to be updated on the latest Government Bonds offering. https://www.facebook.com/TreasuryPh/

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That memory is a powerful take-off to the loftier heights of my narrative as a financial product shopaholic. Have you created such memory? You have to create it for your sake.

I bought a safe and fixed-rate financial instrument like Bonds not mainly with the expectation to gain big. I decided to buy some to create an enticing introduction of my investing journey. It motivated me a lot. My story has twists but is definitely not ending anytime soon. When are you going to start your investment journey?

*PayMaya is the only end-to-end digital payments ecosystem enabler in the Philippines with platforms and services that cut across consumers, merchants, and government. Aside from providing payments acceptance for the largest e-Commerce, food, retail and gas merchants in the Philippines, PayMaya enables national and social services agencies as well as local government units with digital payments and disbursement services.   

Through its app and wallet, PayMaya provides millions of Filipinos with the fastest way to own a financial account with over 40,000 Add Money touchpoints nationwide, more than double the total number of traditional bank branches in the Philippines combined. Its Smart Padala by PayMaya network of over 30,000 partner touchpoints nationwide serves as last mile digital financial hubs in communities, providing the unbanked and underserved with access to services. To know more about PayMaya’s products and services, visit www.PayMaya.com or follow @PayMayaOfficial on Facebook, Twitter, and Instagram.

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BDO Remit Features a Funny Piolo Pascual in New Video Ads to Bring Laughter and Hope to Overseas Filipinos Amidst Pandemic

Banking and remittances are crucial to our survival, sanity, and happiness.

“Mahilig ang mga Pinoy sa drama eh. Pero pati comedy rin. Etong mga videos, parang pinagsama yan tapos may twist. Yung pangkalahatan na mensahe ng video ay kailangan natin ngayon: yung kasiyahan at pag-asa.” Piolo Pascual, Ex-OFW, Philippine Actor on the new BDO Remit video Ads.

Read: Piolo Pascual as an Overseas Filipino Security Guard back then

*The videos are shown in BDO branches, on BDO’s YouTube channel and on BDO Kabayan Facebook page.

BDO Remit – through BDO Kabayan Savings – its special savings & remittance account for the overseas Filipino market – has become a lifeline for overseas Filipinos during the pandemic. BDO Remit has kept its services running to help Filipinos overseas and their families cope with the challenges of the pandemic.

CALL FOR BAYANIHAN

Piolo added that the new videos show precisely how to help. “In all the videos, mapapansin mo na kahit light and funny ang approach, malinaw ang mensahe: kapag ang kapwa Pinoy ay nasa alanganin, kapwa Pinoy ang tutulong. Hindi naman kailangan na solohin natin ang problema. Ang lakas ng Pilipino, nasa pagtutulungan, bayanihan. Especially during this pandemic, which is a huge, global problem, we need to call on the best in ourselves and help each other,” he said.

The new video commercials are light-hearted spin-offs or even slight spoofs of classic scenes in his movies “Milan” (with Claudine Barretto) and “Starting Over Again” (with Toni Gonzaga). As the videos’ release coincides with OFs’ present situation, they take on more significance and meaning in Piolo’s view.

“STARTING OVER THERE” | VIDEO LINK:

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In the video, “Starting Over There”, a desperate man (named Marco Villanueva, played by Piolo) chases after a taxicab in the rain, calling after “Ginny” (the character played by Toni Gonzaga in the original film). It is implied that, similar to the film, Ginny is leaving Marco to work abroad.
We then realize that Marco is doubly desperate as he kneels in the rain, because Ginny seems to have left with his ATM card. He says that he needs it to access a remittance. Then a twist happens when an old woman, hair done in curlers, finds Marco as he fumbles in his pockets. Marco sees the ATM card was in his pocket all along.
The old woman chides him, pointing out that with his ATM card, Marco can access an ATM, a BDO branch, and even a BDO Cash Agad kiosk at a sari-sari store. All of which are just around the same block as they are.

“STARTING OVER TODAY” | VIDEO LINK:

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Another video, “Starting Over Today,” shows the same character, Marco, passionately delivering the classic lines from the original film. We realize that Marco is inside a bank, somewhat mortified that he wasn’t able to get a BDO Kabayan Savings earlier–because he thought it would be a complicated, arduous process. The teller assures him otherwise.

Read: HOW TO OPEN A BDO KABAYAN SAVINGS ACCOUNT

”MULA SA ABROAD” | VIDEO LINK:
https://www.youtube.com/watch?v=-zaqgl82Iao

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The third video, based on “Milan,” shows Marco asking help from a lovely fellow OF in sending money from Italy to a BDO Kabayan Savings account. The lady – whose features are noticeably familiar – is supposed to be a stand-in for Claudine Barretto.

Piolo has played several OF characters in various dramatic films–it’s a role that he also knows in real life because he used to be a security guard in Los Angeles, California before he achieved Philippine movie stardom.

“Ang drama natin ngayon, real life. Pandemic. Lost jobs. Quarantine. Sandaang araw na itong drama. Hindi kagaya ng drama sa pelikula, two hours lang. So we need relief, we need to feel lighter, to see that we can still smile. Ma-realize lang natin na, oo nga, okay pa rin tumawa, magsaya. Na meron pa ring pag-asa. May solusyon. We can always find ways,” said Piolo.

Funny videos help Overseas Filipinos (OF) bear the pandemic’s mental burden

Experts in the Philippines and other countries have been warning us: along with the wave of COVID-19 infections would be a wave of mental illness. There’s no avoiding that: people are anxious, afraid, and many have lost jobs and face an uncertain future. Add to that our collective isolation, loneliness, and dread. Overseas Filipinos (OFs) are particularly vulnerable.

Actor Piolo Pascual is among those calling for more support for OFs during the pandemic. He said that overseas Filipinos are already under a great amount of pressure as they face tough emotional, physical, and financial challenges. It’s not surprising then that some of them would have mental health issues.

“For decades, our economy benefited from billions of dollars in remittances. At this time, it’s our turn to give back and support OFs now that they are going through both a pandemic and an economic downturn,” said Piolo.

Reaching out, getting help

Piolo said that the most important thing that OFs need to remember is to reach out for help. “Marami kasi sa atin, may tendency to keep things to ourselves. Masyado tayong matiisin. Akala natin puntos para sa atin yung magdusa. No, it’s not. Kung malungkot ka, o masama ang loob, call a friend. Makipag-usap sa kapamilya. Wala namang award na ibibigay sa iyo kapag sinarili mo ang problema mo. Nagiging delikado lang lalo ang mental health mo,” he said.

He also reminded OFs not to hesitate getting professional help if needed. “There’s still a stigma over mental health. Sa panahon ngayon, hindi na dapat ikahiya ang mental illness. Tratuhin natin na tulad lang ng ibang sakit sa katawan.” He noted that there’s no shame in getting help in order to be better in our minds and emotions.’

Piolo added that people should be more empathetic and compassionate. “Pag may lumapit sa atin dahil nalulungkot, o may problema. Huwag balewalain. Sometimes, we say, ‘Kaya mo yan!’ pagkatapos iiwanan natin.. Hindi sapat yun. Huwag natin iwanan. Samahan natin tapos pakinggan natin.Hindi naman kailangan tayo ang mag-solve ng problema. Basta maiparamdam natin na hindi siya nag-iisa. Na nandon tayo to support him or her.” 

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No Maintaining Balance. Open a BDO Kabayan Savings account now. Steps how are here: HOW TO OPEN A BDO KABAYAN SAVINGS ACCOUNT

All the new videos aren’t just fun and enjoyable to watch but also showcase how Filipinos, deep down, are ready to help someone in need. During this public health and economic crisis, all essential services–including banking and remittances–have become crucial to our survival, sanity, and happiness. The pandemic and economic crunch may last longer than expected. But as Piolo’s commercials show, in their own witty and hilarious way, we still have each other. And that’s worth the effort to keep on fighting and hoping.