GCash and Mastercard have launched a new contactless payment feature that seeks to provide Filipinos with faster and more convenient everyday transactions. Ren-Ren Reyes, G-XChange, Inc., president and chief executive officer, said the new Tap n' Pay feature allows GCash users with NFC-enabled...
Globe Fintech Innovations Inc. (Mynt), the parent company of leading e-wallet GCash, has secured a 16-percent stake of AB Capital Securities Inc. (ABSCI), the stock broking arm of investment house AB Capital and Investment Corp. In its annual report to the Philippine Stock Exchange...
The Securities and Exchange Commission’s (SEC) move to relax the rule on the single business group (SBG) investment limit will benefit conglomerates with multiple listed subsidiaries, such as the SM and Ayala groups, as well as the planned initial public offering (IPO) of GCash. Under the...
Runners gather at the starting line of the first-ever GCash Eco Run, taking strides for sustainability and mangrove restoration–planting over 76,000 trees in the Negros region. The time, effort, and dedication needed to train for a race or marathon make crossing the finish line so rewarding for...
The Zobel family’s Ayala Corporation and subsidiary AC Ventures Holdings Corporation (ACV) has signed the Investment Agreement for Mitsubishi Corporation’s acquisition of a 6.5 percent stake in GCash owner Globe Fintech Innovations, Inc. (Mynt) for ₱18.4 billion. In a disclosure to the...
The Securities and Exchange Commission (SEC) is not abandoning the 20-percent minimum public ownership of rule for initial public offerings (IPOs), although it has approved the plan of the Philippine Stock Exchange (PSE) to relax its implementation of this requirement to make it easier for large...
In an effort to bridge the digital divide and enhance financial inclusivity, the Department of Social Welfare and Development (DSWD) has launched an initiative to distribute mobile phones to beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps) in Navotas and Malabon. The initiative, part...
The Securities and Exchange Commission (SEC) has approved a proposal by the Philippine Stock Exchange (PSE) to exempt giant initial public offerings (IPOs), such as the upcoming IPO of GCash owner Mynt, from the 20-percent minimum public float requirement. “We have been able to get approval from...
GCash General Manager of B2B Jong Layug GCash, the country’s dominant e-wallet player, is set to disrupt the business payments landscape with the launch of its own point-of-sale (POS) system, directly challenging Maya's established foothold. Jong Layug, GCash General Manager of B2B,...
GCash, the Philippines’ leading e-wallet, is partnering with United Kingdom (UK)-based financial technology firm BCRemit to ease the money transfers of overseas Filipinos (OFs) in Europe and the United States (US) into the Philippines. GCash said beginning this month, Filipinos in the UK, Spain,...
Mobile wallet GCash has teamed up with US-based money transmitter Viamericas to facilitate real-time remittances from overseas Filipinos in North America. (L-R) GCash International general manager Paul Albano, Viamericas PH country head and head of perations of non-latam Raquel Aquino and GCash...
Japan’s Mitsubishi UFJ Financial Group (MUFG) has finalized a $400 million investment in the parent company of GCash, the Philippines’ leading e-wallet, raising its valuation to $5 billion. In a disclosure to the Philippine Stock Exchange (PSE), Globe Telecom said that Globe Fintech Innovations...
