Philippines-based mobile payments provider GCash wants to go public, when the time is right. “We recognize that the new round of investments further strengthens Mynt’s ability and position coming into an IPO,” Martha Sazon, CEO of GCash parent Globe Fintech Innovations/Mynt, told reporters Wednesday (Aug. 7). An initial public offering (IPO)...
Mynt, owner of the Philippines’ mobile wallet GCash, is now valued at $5 billion. The company became the Southeast Asian country’s first $5 billion unicorn last week following investments from Ayala Corp. and Japan’s Mitsubishi UFJ Financial Group (MUFG). “GCash is an indispensable infrastructure for...
Philippines-based mobile wallet provider GCash is reportedly ready to go public. “We’re pretty much ripe for it,” Ernest Cu, president and CEO of GCash parent Globe Telecom, said in an interview with Bloomberg Television Thursday (June 8), referring to the company’s plan for an initial...
The hackers have been foiled. At least in one case, and at least for the moment, they have been foiled. But the threats to, and parrying by, GCash, the eWallet service of Globe Telecom Inc. in the Philippines, underscore the fact that bad actors are...
August 27, 2024
There’s a chorus growing among companies that want to go public: Wait until next year. The 2024 initial public offering (IPO) market rebound that bankers and executives hoped for hasn’t been realized, leaving them to hold out hope for 2025, The Wall Street Journal reported Tuesday (Aug. 27). It’s not just recent turbulence in the […]
August 07, 2024
Philippines-based mobile payments provider GCash wants to go public, when the time is right. “We recognize that the new round of investments further strengthens Mynt’s ability and position coming into an IPO,” Martha Sazon, CEO...
August 04, 2024
Mynt, owner of the Philippines’ mobile wallet GCash, is now valued at $5 billion. The company became the Southeast Asian country’s first $5 billion unicorn last week following investments from...
June 08, 2023
Philippines-based mobile wallet provider GCash is reportedly ready to go public. “We’re pretty much ripe for it,” Ernest Cu, president and CEO of GCash parent Globe Telecom, said in an...
