“Can the Philippines' dominant e-wallet evolve into a full financial super app spanning payments, lending, savings, investments and MSME services ahead of an anticipated IPO?”
Mynt is the Philippine parent of GCash, the country's #1 finance super app, plus subsidiaries Fuse Lending, GXI (wallet operator), Ryse (investments) and Digico (business solutions). Founded 2015 as a JV between Globe Telecom and Ayala; pivoted from telco-adjacent wallet into a full financial super app spanning payments, remittance, savings, credit, investments and merchant acquiring. NOTE: A separate, unrelated Swedish company also named Mynt (mynt.com, EMI licensed in Sweden) operates corporate-card / spend-management infrastructure — that entity is not the subject of this mynt.xyz analysis.
Mynt discloses GXI / GCash (in-house e-money operator) as its banking provider, according to the Embedded Finance Index 2026.
Mynt does not disclose a bank charter of its own; its banking services are provided through GXI / GCash (in-house e-money operator).
Mynt processes payments through GCash (self-operated), GCash QR Ph (self-operated) and ECPay (self-operated, acquired 2023).
Mynt uses TransferGo (remittance partner) for FX and cross-border payouts.
The Embedded Finance Index 2026 maps 3 layers in Mynt's stack: Payments / PSP (GCash (self-operated), GCash QR Ph (self-operated) and ECPay (self-operated, acquired 2023)); Banking / BaaS (GXI / GCash (in-house e-money operator)); FX & payouts (TransferGo (remittance partner)).
Mynt is founded in 2015 and headquartered in Taguig, Philippines.
Mynt has raised $1B+ in total (latest round: $786M (MUFG + Ayala, 2024); valuation: $5B (2024)).
Get a read on where your own stack stands against Mynt and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.