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).
