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...
The Bank of the Philippine Islands (BPI) is phasing out its direct e-wallet loading feature for GCash and Maya on Feb. 13, 2025. After this date, BPI customers will no longer be able to use the "Load E-Wallet" option within the BPI mobile app to fund their GCash or Maya accounts. Instead, BPI is...
Members of the Latason-Cabcab Fisherfolk's Association (LACABFA) in Brgy. Mayabon, Zamboanguita receive their Tree Planting Certificates from Dr. Hilconida P. Calumpong (right), project coordinator, and Dr. Pablina L. Cadiz (left), Blue Carbon Specialist, of the SU-GXI Reforestation in South Negros...
The country’s investment houses are considering an agreement to carve out among themselves equally the huge $1 billion to $1.5 billion initial public offering (IPO) of Globe Fintech Innovations, Inc. (Mynt), which owns top e-wallet GCash. This is according to Investment House Association of the...
Finance Secretary Ralph G. Recto believes e-wallet giant GCash could stage a record initial public offering (IPO) even without regulatory relief from the mandated 20-percent public float. Recto, the government’s chief economic manager who also oversees the Securities and Exchange Commission...
E-wallet giant GCash is optimistic that the country’s regulatory bodies will ease the public float requirement for its planned initial public offering (IPO), which is expected to be the Philippines’ biggest to date. The Philippine Stock Exchange (PSE) and the Securities and Exchange Commission...
