Ayala, a business conglomerate, and Mitsubishi UFJ Financial Group, a banking group, agreed to acquire a 16% stake in Globe Fintech Innovations dba. Mynt, a fintech company, in a $5bn deal. “We are thrilled to welcome MUFG as a new strategic partner. With their global expertise and reach within the financial inclusion space, they will be instrumental in further expanding GCash’s social impact, especially to the underserved. Alongside this, Ayala’s unmatched commitment to Philippine economic growth & development, and its expertise in multiple industries will accelerate GCash’s mission,” Martha Sazon, Mynt President and CEO.