Mynt

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.

Mynt, operator of the country’s mobile wallet GCash, will acquire 100% of the shares in ECPay from Globe Telecom and Payment One.

Under the deal, GCash-operator Mynt will acquire 100% of the issued and outstanding share capital of ECPay, making ECPay a wholly-owned subsidiary of Mynt.

DTI secretary Fred Pascual said the Philippines now has two fintech startups that have achieved “unicorn” status – a startup valued at over $1 billion – e-wallet firms Mynt (GCash) and Voyager Innovations (Maya).

Martha Sazon will be the new chief executive of Mynt, replacing Indian expat Anthony Thomas who led the GCash operator in the last three years.