The Securities and Exchange Commission (SEC) has approved the planned initial public offering of GCash operator Mynt Inc., which could raise as much as P92.32 billion.
Mynt, the fintech company behind GCash, has received authorization from its board of directors and shareholders to pursue a potential initial public offering (IPO) on the Philippine Stock Exchange (PSE), a move that could pave the way for what analysts expect could become the largest stock market debut in Philippine history.
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.
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).
