Mynt widens GCash reach via Japan deals
‘These partnerships represent a massive vote of confidence in Mynt’s long-term vision.’
‘These partnerships represent a massive vote of confidence in Mynt’s long-term vision.’
Mynt, the parent company of fintech platform GCash, signed two agreements with Japanese conglomerate Mitsubishi Corp. and MUFG Bank to expand digital financial services and strengthen its regional presence.
In a statement on Thursday, Mynt said the agreements signed on 27 May with Ayala Corp., Mitsubishi Corp. and MUFG Bank aim to expand the GCash network beyond payments and boost its cross-border capabilities.
The partnership among Mynt, Ayala, Mitsubishi and MUFG seeks to grow the GCash user base and expand services such as lending, wealth management, and digital payments, while exploring ways to integrate GCash into the companies’ businesses across banking, retail, real estate, energy and transport.
The agreements were signed during President Ferdinand Marcos Jr.’s official visit to Japan, where both governments are seeking stronger economic and investment cooperation.
Deeper digital dive
A separate agreement among Mynt, Ayala and Mitsubishi focuses on digital services and customer engagement initiatives for Filipino consumers.
The deals also deepen Japanese investment in Mynt, operator of the Philippines’ largest finance superapp.
“These partnerships represent a massive vote of confidence in Mynt’s long-term vision,” said Mynt president and 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.”
To recall, MUFG Bank bought an 8 percent stake in Mynt in February 2025, while Mitsubishi holds an indirect stake through its investment in Ayala Corp.’s AC Ventures.
