GCash parent inks deals during Marcos' Japan visit

Financial technology giant Mynt Inc., the parent company of mobile wallet service GCash, has signed two key agreements with its Japanese partners during the state visit of President Ferdinand "Bongbong" Marcos Jr. in Tokyo.

In a news release, Mynt said it strengthened its partnerships Wednesday with its key shareholders—Ayala Corporation, Mitsubishi Corporation, and MUFG Bank, Ltd.

Mynt said it is looking to improve its collaboration with its key stakeholders to accelerate the international expansion and digital transformation of the GCash ecosystem—further boosting its push for financial inclusion.

In particular, the first agreement it signed was a memorandum of understanding (MOU) on value creation and growth of GCash, which establishes a four-party framework among Mynt, Ayala, Mitsubishi, and MUFG.

Mynt said the collaboration is designed to scale the user base of GCash and cross-border capabilities with key focus areas including the expansion of financial services such as lending, wealth management, and advanced payments; alongside the deep integration of GCash into the groups' extensive business ecosystems spanning retail, banking, real estate, energy, and mobility.

The company, meanwhile, said a second MOU it signed focuses on digital solutions, which it entered into with Ayala and Mitsubishi Corporation.

Mynt said it seeks to conduct discussions to create a more intelligent digital life for Filipino consumers by leveraging its collective capabilities of the alliance to explore opportunities in enhancing digital customer engagement.

"These partnerships represent a massive vote of confidence in Mynt's long-term vision," said Mynt president and CEO Martha Sazon.

"By combining the leading digital platform of GCash with the unparalleled global networks and operational ecosystems of MUFG, Mitsubishi, and Ayala, we are unlocking unprecedented value and taking Philippine fintech to the global stage," said Sazon.

Mynt said the double-signing highlights the strengthening economic ties between the Philippines and Japan, while positioning the fintech at the forefront of regional digital innovation and financial inclusion.

MUFG Bank acquired an 8% stake in Mynt in February 2025, while Mitsubishi Corporation holds a strategic indirect stake following its October 2024 investment in Ayala Corporation's AC Ventures. — VDV, GMA News