Ayala aims to profit from smaller units within two years
Zobel-led Ayala Corporation aims to build on its record-breaking 2024 performance by making smaller and newer businesses profitable within two years.
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GCash
GCash is a major e-wallet service in the Philippines with over 94 million users, owned by Mynt, a partnership between Globe Telecom and Ayala Corporation. The company recently delayed its initial public offering (IPO) due to economic uncertainties caused by US tariffs, aiming for optimal market conditions before listing on the Philippine Stock Exchange. GCash has also partnered with Mastercard to introduce 'Tap n' Pay', a contactless payment feature available nationwide.
This is an AI-generated summary based on recent coverage.
Last updated at April 26, 2025.
Recent stories about GCash
Maya reports Q1 profitability, maintains lead in digital banking
Maya, a PLDT-backed fintech firm, reported net income profitability for Q1 2025, continuing its strong growth trajectory since achieving profitability at the end of 2024.
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Globe CFO sees tariff uncertainties but aims for GCash IPO this year or next
Globe Telecom CFO Juan Carlo Puno acknowledged that US President Donald Trump's 'Liberation Day' tariffs have introduced uncertainties but will not halt plans for GCash's IPO.
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GCash, Mastercard launch 'Tap n' Pay' contactless payments
GCash has partnered with Mastercard to introduce a new contactless payment feature called 'Tap n' Pay', allowing users to make payments by tapping their NFC-enabled Android phones on POS terminals.
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Mynt increases stake in ABCSI to 16%, enabling GCash users to trade stocks
Globe Fintech Innovations Inc. (Mynt), the parent company of e-wallet GCash, has increased its stake in AB Capital Securities Inc. to 16 percent following the closure of two investment tranches as of December 31, 2024.
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Comelec receives 63 vote-buying, ASR complaints
The Commission on Elections (Comelec) has received 63 complaints of alleged vote-buying and abuse of state resources (ASR) as the 19 May elections draw near.
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BIR intensifies digital tax services for April 15 deadline
As the April 15 income tax filing deadline approaches, the Bureau of Internal Revenue (BIR) has intensified its digital services and extended banking hours to simplify the process for taxpayers.
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SEC relaxes SBG limit for equity, balanced, and multi-asset funds
The Securities and Exchange Commission (SEC) has relaxed the single business group (SBG) investment limit for equity funds, balanced funds, and multi-asset funds that have actual exposure to equity securities following requests from fund managers.
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Mitsubishi invests P18.4B in Mynt, acquires 6.5% stake
Japanese trading giant Mitsubishi Corp. has finalized a P18.4-billion investment agreement with Ayala Corp., acquiring a 6.5% stake in GCash owner Globe Fintech Innovations Inc. (Mynt).
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COMELEC receives 34 complaints on vote-buying, misuse of state resources
The Commission on Elections (COMELEC) has received 34 complaints regarding vote-buying, vote-selling, and abuse of state resources for the upcoming May polls as of Tuesday.
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