Who Owns GCash in the Philippines Explained

GCash is a well-known mobile wallet service in the Philippines, but have you ever wondered who owns it? The answer lies in the company's history and structure.

Myanmar Citizens Bank, a subsidiary of Yoma Bank, initially invested in GCash in 2004. This investment paved the way for GCash's growth and expansion.

GCash's parent company is Mynt, a digital financial services company that operates under the umbrella of Globe Telecom. Mynt is a subsidiary of Globe Telecom, one of the largest telecommunications companies in the Philippines.

Globe Fintech Innovations, Inc, also known as Mynt, is the owner of GCash. Mynt is a subsidiary of Globe Telecom.

Mynt is set to fully acquire Electronic Commerce Payments Inc, also known as ECPay. ECPay is a prominent electronic payment service in the Philippines.

The acquisition will make ECPay a full acquisition for Mynt, following the divestment of its minority stakeholder Payment One Inc. This move is anticipated to synchronize the strengths of both ECPay and GCash.

GCash's platform will integrate with ECPay's, enhancing its digital offerings in a space where GCash is a frontrunner. This will enable more efficient and effective sharing of each other's strengths and resources.

Mynt's acquisition of ECPay is expected to position GCash as a leading e-wallet provider in the Philippines.

GCash is the #1 Finance Super App in the Philippines, operated by GXI, the mobile wallet operator of GCash.

Mynt is the parent company behind GCash, and it's a leader in mobile financial services.

Mynt is the first and only $5 billion unicorn in the Philippines.

GCash offers mobile money and financial services through its mobile app, making it a key player in accelerating financial inclusion in the country.

Mynt operates two fintech companies: GXI and Fuse Lending, with the latter providing access to microloans and business loans to Filipinos.