Ant Financial and Ayala Corporation acquired Globe Fintech Innovations.

Ant Financial and Ayala Corporation acquired Globe Fintech Innovations, a leading full service telecommunications company in the Philippines. Ant Financial, will own a substantial minority interest in Mynt while Ayala Corp will acquire a minority interest. Financial terms were not disclosed. "We are happy to be part of Mynt and capture the exciting opportunities in financial technology," said Ayala Chairman and CEO Jaime Augusto Zobel de Ayala. "We believe this is a great platform to redefine the country's financial services space amidst a robust consumer market and an increasingly digital environment. With the combined strengths of Ayala, Globe, and Ant Financial, we believe we can help more Filipinos gain access to safer, more convenient, and extensive payment and lending platforms."