Details of the investment were disclosed in Mynt's lisitng prospectus. The company first agreed in 2023 to acquire up to 50 percent of AB Capital through a series of investment tranches.
AB Capital Securities, one of the country’s most respected brokerage houses with a history going back four decades.
The group is chaired by Antonio Jose U. Periquet Jr. and counts some of the Philippines’ biggest business leaders on its board, including Enrique K. Razon Jr., Lance Y. Gokongwei, Christopher T. Po, Frank S. Gaisano, Lamberto M. Santos Jr. and Michael B. Zalamea.
Bringing the stock market into GCash
The partnership allows users to buy and sell Philippine stocks directly within the GCash app without opening a traditional brokerage account.
The move expands Mynt’s suite of financial services as it looks beyond payments and lending to drive long-term growth.
Millions of users, small revenue
GStocks PH had 1.7 million registered users by end-2025, reflecting growing interest in mobile investing.
Despite that scale, GCash’s WealthTech business, which houses its investment platforms, contributed just 1 percent of Mynt’s adjusted revenue in 2025, underscoring its significant growth potential.
Building a broader wealth platform
WealthTech revenue rose 12.4 percent to P812.5 million in 2025, supported by higher GSave assets under management and increased GCrypto transaction volumes.
Registered users reached 16.1 million for GSave, 8.8 million for GFunds, 4.8 million for GCrypto, 1.7 million for GStocks PH and 500,000 for GBonds, while GInsure counted 20.6 million annual active users.
—Edited by Miguel R. Camus
