Mynt

What Mynt does

Mynt, Inc. is the Philippine holding company that owns and operates GCash, the country's largest mobile wallet and finance super-app. Founded in 2015 as a joint venture between Globe Telecom, Ayala Corporation, and Ant Group, Mynt has built a vertically integrated financial services platform serving approximately 94 million Filipinos—roughly the majority of the national adult population—and holds an estimated 89% share of the Philippine mobile wallet market. The platform processed more than PHP 3 trillion in annual transactions by 2023, anchored by subsidiary G-Xchange, Inc. (GXI), which operates the core wallet, and Fuse Financing, Inc., which delivers collateral-free lending to individuals and MSMEs using the proprietary GScore credit scoring system.

The product surface spans digital payments, peer-to-peer transfers, bill pay, savings (GSave), investments (GInvest, GStocks PH), insurance (GInsure), credit (GCredit, GLoan), merchant card acceptance via PocketPay (NFC on Android), AI-powered financial education through Pera Coach (built with Microsoft), digital assets via BlockG, and customer engagement tooling via Sprynt. Mynt also acquired Electronic Commerce Payments, Inc. (ECPay) in October 2023 for $40.66 million to extend the network into physical cash-digital payment touchpoints. The technology stack combines a consumer mobile-first interface with alternative-data underwriting and embedded AI features, supported by a JV-backed distribution network spanning telecom, conglomerate, and international banking channels (MUFG).

Mynt monetizes through transaction fees on payments and transfers, interest income from Fuse Financing loans (PHP 362 billion cumulative disbursements life-to-date), commissions on partner-distributed savings, investment, and insurance products, and emerging partnership-driven revenue streams such as the Mitsubishi Smart Life initiative (projected ~P7 billion in revenue). The company is profitable—P6.1 billion full-year 2025 net profit and P5.6 billion Q1 2026 profit—owned by Globe Telecom, Ant International, Ayala, MUFG, and historical PE investors Warburg Pincus and Insight Partners, and is preparing for a Philippine Stock Exchange IPO targeting up to $1 billion raised at an $8-9 billion valuation.

Name

Mynt

Legal name

Mynt, Inc.

Website

https://mynt.xyz

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Mynt is the Philippine holding company behind GCash, the country's dominant mobile wallet and finance super-app serving 94 million users with payments, lending, savings, investments, insurance, and AI-powered financial education through its G-Xchange, Fuse Financing, and subsidiary ecosystem.

Ownership category

akta.pro rank

Product category

Digital Payments / Mobile Wallet

NAICS

Credit Card Issuing (522210)

SIC

Finance Services (6199)

akta.pro primary industry

General-Purpose Digital Wallets (P2P + Merchant) (FSAMAEAA)

akta.pro secondary industries

Embedded Deposit Accounts & Digital Wallet Infrastructure (FSAGALAE), Digital Wallet Platforms (Consumer & Merchant) (BPAMAFAC), Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Cash Access & Cardless ATM Withdrawal Services (FSAMAOAJ)

Keywords

• Mobile wallet services
• Digital payments platform
• Consumer lending products
• Financial inclusion services
• Fintech superapp

Headquarters

HQ city

Taguig

HQ country

Philippines

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Transaction Fees: GCash charges transaction fees for money transfers, bill payments, and other payment services. By 2023, the platform was processing more than PHP 3 trillion in annual transactions.
2. Lending Interest (Fuse Financing): Fuse Financing provides loans to individuals and MSMEs, generating interest income. Cumulative loan disbursements reached PHP 362 billion life-to-date, with Q1 2026 profit of P5.6 billion.
3. Financial Services Commissions: Revenue from savings products (GSave), investment products (GInvest/GStocks), insurance (GInsure), and credit products (GCredit, GLoan) through partnerships with financial institutions.
4. ECPay Payment Processing: ECPay powers convenient everyday payments through a nationwide network, bridging cash and digital transactions, contributing to the broader payment ecosystem revenue.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels6 records

Core offering

Mynt operates the GCash mobile wallet platform, the Philippines' largest cashless ecosystem serving approximately 94 million users. Through its subsidiaries and integrated offerings, the company delivers digital payments, money transfers, savings, investments, insurance, credit, lending, and merchant payment acceptance, anchored by proprietary GScore credit-scoring technology.

Product overview

Mynt operates as the parent company of the Philippines' largest cashless ecosystem, offering a unified platform-plus-modules architecture centered on GCash, the country's #1 finance superapp. The core product is GCash (powered by subsidiary GXI), which serves as the central mobile wallet enabling digital payments, transfers, savings, investments, insurance, and credit. Supporting modules include GStocks PH for stock investing, GSave for savings, GInvest for investments, GLoan and GCredit for lending, and Fuse Financing (a subsidiary) for MSME lending. The ecosystem extends through subsidiaries Ryse (investments), BlockG (virtual assets), Sprynt (customer engagement), and acquired ECPay (payment network). Additional offerings include PocketPay for merchant card acceptance, Pera Coach for AI-powered financial education, and GForest for environmental initiatives. This integrated structure enables GCash to serve as an all-in-one financial platform covering payments, savings, credit, investments, and insurance.

Differentiator

Problem solved

Functional benefit

Brands

• GCash: Philippines' #1 finance superapp, advancing financial inclusion through 'Finance for All'. Powers mobile wallet, digital payments, and transfers for millions of Filipinos.
• GXI (G-Xchange, Inc.)
• Fuse Financing
• Ryse
• BlockG
• Sprynt
• ECPay

Products and services

• GCash Philippines' #1 finance superapp and mobile wallet, enabling everyday digital payments, transfers, savings, investments, insurance, and credit services for millions of Filipino consumers and merchants.
• Fuse Financing Wholly-owned lending subsidiary providing collateral-free loans to individuals and MSMEs (micro, small, and medium enterprises) in the Philippines, powered by proprietary GScore credit-scoring technology.
• Ryse Subsidiary broadening access to investments that are easy to use and understand, supporting wealth-building for Filipinos through the GCash ecosystem.
• BlockG Subsidiary (BlockG Virtual Assets Inc.) supporting responsible participation in digital assets, building trust and confidence in the evolving digital-asset landscape.
• Sprynt Solutions Subsidiary (Sprynt Solutions Pte. Ltd.) that partners with companies to shape how they engage customers through digital technology and data.
• ECPay Acquired payment-services subsidiary powering convenient everyday payments through a nationwide network of physical touchpoints, bridging cash and digital transactions for millions of Filipinos.

Quantifiable outcome

• 94 million registered users representing majority of Filipinos
• +5 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability6 records

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Citi, Jefferies, and UBScoreImplementation/ SI/ Consulting Partner · 17 June 2026Lead managers appointed for the potential IPO on the Philippine Stock Exchange, expected to raise $1 billion at up to $9 billion valuation.
• Mitsubishi CorporationcoreStrategic or Co-development Partner · 27 May 2026Partnership to develop Smart Life digital services for GCash, projected to generate P7 billion in revenues. Collaboration includes expanding GCash's international presence.
• KDDI CorporationcoreStrategic or Co-development Partner · 27 May 2026Partnership for intelligent city initiatives in Makati and digital infrastructure development, leveraging AI and IoT technologies.
• MicrosoftcoreTechnology or Integration · 22 March 2026Partnership to develop Pera Coach, the Philippines' first AI-powered financial coach embedded in the GCash e-wallet, providing tailored financial education in English and Filipino.
• Department of Environment and Natural Resources - Forest Management BureauminorStrategic or Co-development Partner · 22 March 2026Formalized partnership for GForest initiative aligning with government's national target of planting 1.5 billion trees by 2028.
• Department of Trade & Industry (DTI)coreStrategic or Co-development Partner · 6 February 2026Partnership to promote financial inclusion by directing capital to underserved entrepreneurs and MSMEs across the Philippines.
• ECPay (Acquired)coreOthers · 2 October 2023Acquired ECPay for USD 40.6 million (PHP 2.31 billion) to enhance GCash's fintech services and expand financial accessibility. ECPay has facilitated secure payment services for over 22 years through its nationwide network.
• Silliman UniversityminorStrategic or Co-development Partner · 1 January 2023Science-based reforestation partnership that has produced over 277,456 seedlings since 2023, supporting GForest environmental initiative.

Scale indicators11 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Maya (formerly PayMaya): Direct competitor in Philippines digital payments and mobile wallets. Maya offers a similar super-app spanning payments, banking, and credit, and is the principal challenger to GCash's ~89% market share.
• DANA Indonesia: Indonesian digital wallet focused on payments and merchant acceptance. Comparable to GCash in targeting underbanked consumers and offering merchant payment-acceptance solutions across Southeast Asia.
• OVO: One of Indonesia's largest e-wallets, comparable to GCash as a general-purpose consumer/merchant digital wallet serving an emerging Southeast Asian market with broad payment and financial-services offerings.
• ShopeePay (Sea Limited): Southeast Asian e-commerce-tied digital wallet. Comparable to GCash in serving consumer-to-merchant payments across SEA with a strong marketplace/merchant ecosystem.
• GoPay (GoTo Group): Indonesia's leading digital wallet, part of the broader GoTo super-app ecosystem. Comparable as a Southeast Asian mobile wallet integrated with payments, ride-hailing, and consumer financial services.
• GrabPay (Grab Holdings): Regional Southeast Asia digital wallet embedded within Grab's super-app. Comparable to GCash as a multi-country wallet offering payments, financial services, and merchant services across SEA.

Broad incumbents

• Ant Group (Alipay): Strategic shareholder of Mynt and the operator of Alipay, the world's largest digital wallet. Comparable as the global benchmark for super-app wallet platforms and a direct technology partner to GCash.
• Visa: Global payments network that partners with GCash (e.g., Mastercard on ADB-linked programs) and competes as a broader payments infrastructure layer in the Philippines and across Southeast Asia.
• Paytm (One97 Communications): India's largest mobile payments and financial services platform. Comparable to GCash in serving unbanked consumers, payments, lending, and merchant acceptance — though operating in a larger and more mature emerging market.

Regional players

• TrueMoney (Ascend Money): Leading Thailand-anchored digital wallet with presence across mainland Southeast Asia. Comparable to GCash as a regional wallet offering payments, remittances, and financial services in adjacent ASEAN geographies.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries6 records

Funding overview

Funding rounds3 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mynt