Globe Telecom, a major shareholder alongside Ayala Corp. and China’s Ant Group, said the financial technology giant, worth at least $5 billion, continues to scale even as it weights capital options.
“Mynt and its shareholders remain open to the various capital solutions including an IPO for Mynt. However, there is still no official decision that has been made regarding the timing,” Globe chief financial officer Juan Carlo C. Puno said during a media briefing discussing their 2025 results on Monday.
He added that the Mynt team is “very focused and very committed to growing its business amid this evolving macro and regulatory condition.”
The discussion comes as the Securities and Exchange Commission moves to relax public float rules, which could make a future Mynt listing easier if it proceeds.
GCash is the country’s largest mobile wallet and a broad fintech platform covering payments, lending, wealth management, remittances, and crypto.
Management has previously said an IPO is not required to fund growth, but a listing would offer an exit route for private backers.
—Edited by Miguel R. Camus
