Globe Telecom Inc. has approved the filing of a registration statement for the planned initial public offering (IPO) of Mynt, the parent company of the e-wallet platform GCash, marking a key step toward a potential public listing.
In a disclosure to the Philippine Stock Exchange, Globe said the proposed IPO will involve shares equivalent to 12 percent of Mynt’s outstanding common stock after listing. The offering will include both primary and secondary shares, allowing the company to raise fresh capital while giving existing investors an opportunity to partially cash in on their stakes.
The telecom giant, however, did not disclose the offering’s size, pricing, or timeline, noting that final details will depend on market conditions. It said preparations are underway, including engagement with underwriters, legal advisers, and financial consultants to support the listing process.
Mynt President and Chief Executive Officer Martha Sazon said the board authorization allows the company to advance its long-term growth strategy while maintaining its focus on users and partners.
She said the move supports Mynt’s continued expansion in serving consumers, merchants, and enterprise clients through its digital financial ecosystem.
Founded in 2015, Mynt operates GCash, which evolved from an SMS-based remittance service into a full-scale digital finance platform offering payments, lending, and other financial services across the Philippines. Its growth has been driven by the rapid adoption of mobile-first financial tools in both urban and rural markets.
Sazon said the planned listing also reflects the broader potential of the Philippine fintech sector.
She expressed hope that Mynt’s public offering would encourage more local startups to innovate and help position the Philippines as a competitive hub for digital finance in Southeast Asia.