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Manila Bulletin devider Business devider Trade & Industry devider GCash taps Japanese partners for global growth push

GCash taps Japanese partners for global growth push

Published May 28, 2026 07:18 pm

GCash, the country’s leading e-wallet, is now positioning itself as a global player in financial services as it moves to deepen its cross-border integration with the help of its Japanese partners.

GCash’s parent firm, Globe Fintech Innovations Inc. (Mynt), said it aims to leverage agreements signed by its major local investor, Zobel-led Ayala Corp., to accelerate its goal of expanding the delivery of its services across borders.

Mynt said in a statement that Ayala entered into two key deals with Mitsubishi Corp. and MUFG Bank Ltd. during the state visit of President Ferdinand “Bongbong” Marcos Jr. in Japan last May 27.

“These partnerships represent a massive vote of confidence in Mynt’s long-term vision,” said Mynt President and Chief Executive Officer (CEO) Martha Sazon.

“By combining the leading digital platform of GCash with the unparalleled global networks and operational ecosystems of MUFG, Mitsubishi, and Ayala, we are unlocking unprecedented value and taking Philippine fintech to the global stage,” she added.

The first of these agreements is a memorandum of understanding (MOU) aimed at scaling the user base of GCash and enhancing its cross-border capabilities. This is a four-party framework involving Mynt, Ayala, Mitsubishi, and MUFG.

Mynt said the MOU provides the framework for GCash to expand its financial services, which include lending, wealth management, and advanced payments.

It also involves deeper integration of the digital wallet into the Japanese companies’ extensive business ecosystems spanning retail, banking, real estate, energy, and mobility.

The second MOU—entered into by Mynt, Ayala, and Mitsubishi—puts the spotlight on digital solutions in order to “create a more intelligent digital life for Filipino consumers.”

Through this agreement, Mynt said it could unlock opportunities to further enhance digital customer engagement.

By signing these deals before President Marcos, the company said this highlights GCash’s growing role at the forefront of regional digital innovation and financial inclusion.

Furthermore, the agreements also strengthen shareholder ties between the company’s local and Japanese investors.

In February last year, MUFG acquired an eight-percent stake in Mynt, while Mitsubishi holds a strategic indirect stake through its investment in Ayala’s AC Ventures. - Dexter Barro II

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