Tagged: gcash

July 12, 2026 @ 10:55 am By Michael Wong  |  

The Philippine Securities and Exchange Commission (SEC) has urged Filipinos to borrow only from registered lenders, warning that illegal operators may charge exorbitant interest rates and resort to unfair collection practices. The corporate regulator said consumers should use safe, transparent and regulated loan products, including… Read More

June 30, 2026 @ 10:16 pm By Omar Faridi  |  

Mynt Inc., the parent company of the Philippines’ dominant digital wallet GCash, has formally filed paperwork for what would become the country’s largest-ever initial public offering. The move positions the fintech unicorn to raise as much as $1.5 billion by selling up to roughly 12… Read More

January 14, 2025 @ 9:22 pm By Michael Wong  |  

GCash, the leading fintech platform in the Philippines, has engaged major international banks for its upcoming initial public offering (IPO), potentially set for later this year, according to a Bloomberg report. The selected financial institutions include JPMorgan Chase & Co, Morgan Stanley, and UBS Group… Read More

November 9, 2024 @ 7:54 pm By Michael Wong  |  

Global digital payment and financial services firm Ant International is collaborating with industry partners to develop the MSME Sustainability Impact Scorecard (MSME S-Card). This pioneering digital solution aims to empower Micro, Small, and Medium Enterprises (MSMEs) in Asia to track their environmental and social impacts… Read More

November 6, 2024 @ 10:19 pm By Omar Faridi  |  

Thunes, which claims to be the “Smart Superhighway” to move money around the world, announced a new collaboration with GCash, the digital wallet in the Philippines. This initiative enables GCash users to top up their wallet balances directly within the app using funds from their… Read More

October 20, 2024 @ 9:47 pm By Michael Wong  |  

Mitsubishi Corporation, backed by Warrent Buffett, is set to acquire approximately 6.5% of Global Fintech Innovations Inc (Mynt), the parent company of the Philippines’ major finance super app GCash, according to regulatory filings. In a disclosure to The Philippine Stock Exchange, conglomerate Ayala Corporation announced… Read More

August 3, 2024 @ 4:57 pm By Michael Wong  |  

Globe Fintech Innovations, Inc. (Mynt), the operator of the Philippines’ leading finance super app GCash, has elevated its market position with fresh investments from Ayala Corporation and Mitsubishi UFJ Financial Group (MUFG), boosting its valuation to an impressive $5 billion. This new valuation marks a… Read More

April 26, 2024 @ 5:17 pm By Michael Wong  |  

Users of 14 popular e-wallets from nine countries and regions can now make transactions in Hong Kong using their home applications, facilitated by Alipay+, Ant International announced on Friday. This integration marks the largest single-time introduction of international payment apps into Hong Kong’s offline commercial… Read More

December 5, 2023 @ 7:17 pm By Michael Wong  |  

Philippine-based fintech superapp GCash has teamed up with agritech startup Mayani to provide local farmers and fisherfolk with access to a financial platform that will support their needs, according to an announcement. The two tech players teamed-up with a joint mandate to create the Philippines’… Read More

October 2, 2023 @ 6:22 am By Michael Wong  |  

Globe Fintech Innovations, Inc (Mynt), the parent company of the most popular e-wallet in the Philippines GCash, is acquiring Electronic Commerce Payments Inc (ECPay) for about $40 million, according to a disclosure Monday. In a statement, Globe Telecom, the parent company of Mynt, said it… Read More

June 1, 2022 @ 11:47 pm By Omar Faridi  |  

GCash, a Philippines based mobile wallet that’s operated by Mynt under Globe’s corporate venture builder 917Ventures, recently revealed that it now has more than 60 million registered users and over 5 million merchants across the country. As noted in the update, GCash stated that that… Read More

November 5, 2021 @ 8:28 pm By Omar Faridi  |  

Mynt, the Philippines-based digital financial solutions provider and the firm behind the GCash payment services app, has secured more than $300 million in capital, valuing Mynt at more than $2 billion. As mentioned in a release, this solidifies the firm’s status as the Philippines‘ only… Read More

September 22, 2021 @ 10:05 pm By Omar Faridi  |  

Philippines’ digital wallet provider GCash has introduced an online shopping insurance option – underwritten by PGA Sompo – with Singapore-based Insurtech Igloo, in order to protect its growing online client base. As mentioned in a release shared with CI, this launch and partnership come at… Read More

August 30, 2021 @ 10:42 pm By Omar Faridi  |  

GCash, a leading mobile wallet provider in the Philippines, reports steady growth as it saw a significant rise in its number of users from 20 million in January 2020 to 46 million in June 2021, according to a release. The GCash app also had more… Read More

August 8, 2021 @ 9:32 pm By Omar Faridi  |  

Mobile wallet provider GCash has teamed up with Fintech firm Ayannah, a Philippines-based startup that aims to offer affordable and more accessible digital financial services. Through the partnership, the companies will be introducing GCash Padala. GCash Padala, a new remittance service, should enable GCash’s 40… Read More

January 28, 2021 @ 8:15 am By Omar Faridi  |  

This month (January 2021) has already been huge in terms of Fintech fundraising, with notably 13 mega-rounds valued at $100 million (or more) having been completed to start off the new year. These companies have acquired approximately $2.746 billion in capital. This figure does not… Read More

January 8, 2021 @ 10:07 am By Samantha Hurst  |  

  Globe Fintech Innovations, Inc. (Mynt), the Fintech arm of Globe Telecom and operator of the country’s preferred mobile wallet in GCash, announced on Friday it has attracted fresh capital investment from ASP Philippines LP, a limited partnership fund managed by investment firm Bow Wave… Read More

January 7, 2021 @ 11:45 pm By Omar Faridi  |  

Philippines-based digital wallet GCash reportedly reached PHP 1 trillion (appr. $20.8 billion) in total transactions for the year 2020, which represents a 254% year-over-year (YoY) increase in transfers. Globe Fintech Innovations Inc. (Mynt), which manages GCash, is part of the portfolio firms of 917Ventures (one… Read More

December 21, 2020 @ 10:21 pm By Omar Faridi  |  

Mobile payments wallet provider GCash has reportedly been chosen by the Technical Education and Skills Development Authority (TESDA) in the Philippines to distribute funding for training to local residents. TESDA has joined many other businesses and organizations that are using the GCash platform to carry… Read More

December 6, 2020 @ 6:59 pm By Omar Faridi  |  

Fintech firm JazzyPay, which is based in the Philippines, has teamed up with digital wallet provider GCash in order to offer cashless payment options to essential service providers in the country. The GCash payments platform has been integrated into JazzyPay’s PCI DSS Level 1 compliant… Read More