Mynt Inc., the company behind GCash, has approved plans to file documents with the Securities and Exchange Commission (SEC) and apply for listing on the Philippine Stock Exchange (PSE) as it considers a possible initial public offering (IPO).
If it pushes through, the offer will be equal to about 12% of Mynt’s total shares after the IPO. This will include new shares issued by the company and shares sold by existing owners. Each share has a value of ₱0.03.
Globe Telecom Inc. also shared the disclosure, following required corporate reporting rules.
“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.”
Mynt started building its digital finance platform in 2015 through GCash, which traces its early roots to an SMS-based money transfer service launched in 2004. Today, it offers services like payments, loans, and other digital financial tools for individuals, businesses, and partners across the country.
The company said the move reflects how Filipinos are shifting more toward digital payments, with cashless transactions becoming more common in stores and online shopping.
“We hope Mynt’s journey could also inspire Filipino companies and startups, fostering a spirit of innovation and entrepreneurship in the local tech community, all while promoting the Philippines as a vibrant hub for technology and fintech innovation in Southeast Asia,” Sazon said.
Mynt stressed that the IPO is still not final. It will still need approval from regulators, meet stock exchange requirements, and depend on market conditions before anything moves forward.