Ayala and MUFG completed the acquisition of a 16% stake in Mynt at a total valuation of $5bn.

Ayala, a business conglomerate, and Mitsubishi UFJ Financial Group, a banking group, completed the acquisition of a 16% stake in Mynt, a fintech company based in the Philippines that operates GCash, a mobile payment and finance app, at a total valuation of $5bn. “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.