Ayala-owned Globe Telecom reported that Mynt — the fintech unit behind GCash — continued to play a central role in its financial performance for the first nine months of 2025, contributing a record ₱5.3 billion in equity share and accounting for 25% of Globe’s net income before tax.
The founding members — Vitro Inc., ST Telemedia Global Data Centres (Philippines), YCO Cloud, Digital Edge Philippines, Digital Halo, and A-FLOW — formalized their partnership through a memorandum of understanding, committing to act as a unified voice for the local data center sector.
The statement came as Converge reported ₱33 billion in revenues and ₱8.9 billion in net income for the first nine months of 2025, marking 10.1% and 8.4% growth year-on-year, respectively.
GCash has introduced PocketPay, a smartphone-based POS system that lets MSMEs accept tap-to-pay card transactions without costly hardware or setup fees.
DICT secretary Henry Aguda’s remarks come as the Philippine Stock Exchange continues to underperform compared with regional counterparts, weighed down by low trading volumes and a scarcity of new listings.
In a bid to resonate with younger Filipinos, fintech company Salmon Group hosted its inaugural Salmon Press Day on October 29, spotlighting its mission to simplify and democratize access to modern financial services.
The BizAccess Visa Debit Card integrates with a dedicated checking account and online banking tools, allowing entrepreneurs to separate personal and business finances, track expenses in real time, and manage cash flow digitally.
Converge ICT Solutions co-founder and CEO Dennis Anthony Uy has called on both the Philippine government and private enterprises to adopt sovereign cloud technologies to safeguard national interests and ensure full control over sensitive Filipino data amid the country’s rapid digital transformation.
Global data center operator Equinix has officially launched its operations in the Philippines, marking a major step in its $200-million investment commitment to strengthen the country’s digital infrastructure.
The Securities and Exchange Commission (SEC) has halted the operations of Microdot Lending Corp. for running several unreported online lending platforms (OLPs) and engaging in unfair online debt collection practices.
