Mynt, Inc., the fintech company behind the Philippines’ leading finance superapp Mynt and digital wallet GCash, has taken a step closer to a possible public listing after securing approval from its Board of Directors and shareholders to proceed with the filing of a registration statement with the Securities and Exchange Commission (SEC) and a listing application with the Philippine Stock Exchange (PSE).
The move, disclosed in line with regulatory and corporate governance requirements, was also reflected in a filing by Globe Telecom, Inc., a key stakeholder in Mynt, confirming the company’s intent to begin preparatory steps for a potential initial public offering (IPO).
Proposed offer structure
Under the approved terms, the planned offer will represent 12.0% of the finance superapp’s total outstanding capital stock post-IPO, consisting of both primary and secondary shares. Each common share has a par value of ₱0.03.
In a press release, the company said the potential listing is still subject to the usual conditions, including SEC registration, PSE listing approval, and other requirements such as final transaction structure, governance clearances, and broader market conditions.
From e-wallet to full-scale fintech ecosystem
IMAGE CREDIT: GCash
Founded in 2015, Mynt has since grown into one of the country’s most established digital financial services players, built around GCash — a platform that began as an SMS-based remittance service in 2004 before evolving into a full mobile finance ecosystem.
Over the years, GCash has expanded beyond payments to include lending, savings, and other embedded financial services, serving millions of consumers, merchants, and enterprise partners across the country. Its growth has tracked the Philippines’ steady shift toward digital payments and increasing reliance on mobile-first financial tools.
Today, the digital wallet operates a network of fintech businesses that support this ecosystem.
These include G-Xchange, Inc., which manages GCash’s e-money and payments infrastructure, and Fuse Financing, Inc., which provides digital lending and credit products. Together, these entities underpin what has become one of the country’s largest digital financial networks.
Leadership perspective
Mynt President and CEO Martha Sazon said the board’s approval marks an important step in the company’s long-term direction as it continues to scale its platform and expand financial inclusion efforts in the Philippines.
Martha Sazon, President and CEO of Mynt
“Over the past decade, Mynt has evolved from an e-wallet operator into the Philippines’ number one finance superapp and largest cashless ecosystem,” said Martha Sazon, President and CEO of Mynt.
“The authorization of our Board and shareholders allows us to work toward a potential public listing as the next step in Mynt’s growth journey, while continuing to focus on the priorities that have brought us to this point: serving customers, supporting merchants, strengthening our platform offering, and building the business for the long term,” she added.
She added that the company’s development reflects the broader growth of digital finance in the country, as more Filipinos adopt online and mobile-based financial services.
Building momentum for the local tech sector
Sazon also said she hopes Mynt’s trajectory can help encourage more innovation in the Philippine startup and technology space, positioning the country more strongly within Southeast Asia’s fintech landscape.
She noted that continued growth in the sector depends not only on individual company success but also on a broader ecosystem that supports entrepreneurship and digital innovation.
What happens next
Mynt said it will issue further disclosures as needed, in accordance with regulatory requirements.
Any potential IPO will still depend on completing SEC registration, securing PSE approval, and meeting all governance, structural, and market conditions before proceeding.
