GCash parent Mynt keeps IPO option open

Mynt, the parent company of GCash, remains open to a potential initial public offering (IPO). This, even as the fintech firm focuses on scaling its payments, lending and financial services businesses amid strong earnings growth.

Carlos Puno, chief financial officer of Globe Telecom Inc., said in a briefing on Monday that the company and its shareholders continue to consider “various capital solutions.” These include an IPO, but Puno said no timelines have been set yet.

“In the meantime, the Mynt team is very focused and very committed to growing its business amid this evolving macro and regulatory condition,” Puno said.

He added that disclosures would be made in line with stock exchange rules once a definitive decision has been reached.

GCash is one of at least four companies projected to go public this year. It continues to wait on the upcoming changes to the rules on public float.

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If it finally moves forward in 2026, the IPO would follow a strong financial year. In 2025, GCash saw expanding adoption of both its digital payments and credit products.

Mynt’s attributable equity earnings to Globe Telecom Inc. reached P6.1 billion last year, up 64 percent year-on-year. This accounted for about 22 percent of Globe’s pretax income.