Manila Bourse Slides as Investors Reserve Cash for GCash IPO
Philippine equities show consolidation patterns ahead of Mynt's record P92 billion offer, with final pricing set for 1 October
Every BriefAsia story tagged Gcash, newest first.

Philippine equities show consolidation patterns ahead of Mynt's record P92 billion offer, with final pricing set for 1 October

The Philippine fintech aims to raise up to $1.6 billion in what could become the country's largest-ever stock market debut next month.

Private equity firms that invested in Mynt between 2020 and 2021 stand to realise substantial gains as the Philippines prepares for its largest-ever public listing, with secondary shares accounting for 80 per cent of the offering.

Underwriters suggest P7.50-P8.50 per share may attract sufficient investor demand for what would still be the Philippines' largest public offering.

The Philippine fintech giant's potential listing raises questions about retail participation in one of Southeast Asia's most widely used financial platforms.

The e-wallet operator will become the first company to use the Philippines' new lower public float rules for exceptionally large issuers

The e-wallet operator's parent company Mynt aims to raise up to $1.6 billion in a deal that would more than double the country's IPO record

G-Xchange's CEO argues that payment platforms must go beyond transaction processing to deliver operational value for small enterprises across Southeast Asia.

GCash's lending arm targets first-time borrowers with digital credit products, moving customers away from informal 5-6 lenders into regulated financial system

Philippine telco's first-half earnings fell to P11 billion as network expansion costs and reduced GCash ownership weigh on margins, though mobile and broadband revenues climb 6%

The Filipino mobile wallet will let users link Visa and Mastercard debit and credit cards for instant transactions without pre-loading funds, set to launch this month.

The Philippines' largest e-wallet is offering up to 30 percent back on rides as it expands cashless commuting infrastructure across Metro Manila's transit network.

The fintech's Wais Tindera Caravan drew over 200 micro-entrepreneurs for training on digital tools and responsible credit amid concerns over informal lending.

The e-wallet giant partners with KwikCare to offer P995 monthly health coverage targeting 94 million users, aiming to close access gaps for freelancers and low-income earners.

The Philippines' largest e-wallet joins digital bank Maya in reducing interbank transfer costs, following a BSP deadline on fee harmonization.