Getting to know Mynt
Mynt, Inc., the company behind GCash, is the Philippines’ leading digital financial services platform and finance super app. As of March 31, 2026, GCash served 40.4 million monthly active users (approximately four times the monthly active users of its nearest competitor), making it the No. 1 finance super app in the country according to Frost & Sullivan.
Founded to advance financial inclusion, Mynt has built a digital ecosystem that enables millions of Filipinos to conveniently access payments, lending, savings, investments, insurance, and business solutions through a single mobile platform. Today, GCash serves consumers, merchants, small businesses, enterprises, overseas Filipinos, and government partners across the Philippines and beyond.
A Platform Built for Everyday Filipinos
Mynt’s mission is to empower “Everyday Filipinos” through accessible, mobile-first financial services.
Historically, many Filipinos have been underserved by traditional financial institutions due to geographic, economic, or documentation barriers. GCash addresses these gaps through technology-driven solutions that simplify onboarding, facilitate digital transactions, and expand access to financial opportunities.
As of March 31, 2026, the GCash ecosystem included:
- Over 1.3 million cash-in and cash-out touchpoints
- More than 2.1 million QR Ph-enabled merchants
- Over 3,000 billers and government partners
- Acceptance across approximately 175 million merchants globally through various international payment channels
- Millions of users accessing savings, investments, insurance, and lending products through the GCash platform
Preliminary Offer Summary
| Item | Details |
| Issuer | Mynt, Inc. |
| PSE Symbol | GCASH |
| Offer Size | 8,027,409,600 common shares (the “Firm Shares”) (up to 1,605,481,900 Primary Shares and up to 6,421,927,700 Secondary Shares) with an Overallotment Option of up to 1,204,111,400 common shares pursuant to the Overallotment Option |
| Indicative Offer Price | Up to ₱10.00 per Share |
| Institutional Allocation | 70% of the Firm Shares |
| Retail Allocation | 30% of the Firm Shares |
| Indicative Pricing Date | September 28, 2026 |
| Indicative Public Offer Period | October 5, 2026 to October 9, 2026 |
| Indicative Listing Date | October 19, 2026 |
| Joint Global Coordinators And Joint Bookrunners | Morgan Stanley & Co. International PLC, J.P. Morgan Securities plc, UBS AG Singapore Branch |
| International Joint Bookrunner | Jefferies Singapore Limited |
| Domestic Lead Underwriters and Joint Bookrunners | BPI Capital Corporation, and BDO Capital & Investment Corporation |
| Listing Exchange | The Philippine Stock Exchange, Inc. |
Use of Proceeds
The IPO includes both Primary Shares and Secondary Shares.
Primary Shares
Proceeds from Primary Shares will be received by Mynt and are expected to be used for:
- CreditTech growth initiatives
- Product and platform development
- Technology and AI investments
- Strategic cash reserves
- General corporate purposes
Secondary Shares
Proceeds from Secondary Shares will be received by the respective selling shareholders and will not accrue to Mynt. Estimated net proceeds from the Primary Shares are approximately ₱14.9 billion based on the preliminary prospectus.
Business Segments
Payment Solutions
Mynt’s Payment Solutions business forms the foundation of the GCash ecosystem and encompasses:
- Wallet services
- Peer-to-peer transfers
- Bills payment
- Merchant payments
- QR payments
- Cross-border payments
- Digital commerce solutions
- Enterprise payment services
- Digital advertising and merchant engagement solutions
For 2025, Mynt processed approximately ₱17.0 trillion in Payment Solutions Gross Transaction Value (GTV), demonstrating the scale of everyday transactions flowing through the platform
Digital Financial Services
Mynt’s Digital Financial Services business extends beyond payments to provide access to:
CreditTech
- GLoan
- GGives
- GCredit
- GLoan Sakto
- Merchant and MSME lending solutions
Mynt utilizes its proprietary GScore credit assessment model and platform data to expand access to credit for underserved segments of the population.
WealthTech
- GSave
- GFunds
- GInvest
- GStocks PH
- GBonds
- Insurance products through GInsure
These products allow users to save, invest, and protect their finances directly through the GCash ecosystem.
Mynt’s Competitive Strengths
Market Leader with Cultural Significance and Recognition
GCash is the leading digital financial platform in the Philippines, serving 40.4 million monthly active users as of March 2026.
According to Frost & Sullivan, the GCash App had four times the number of monthly active users of its closest competitor, and ranked among the top three most-used apps nationwide across all categories as of March 31, 2026.
The GCash Ecosystem: Comprehensiveness and Ubiquity Creating Reinforcing Network Effects
Mynt’s platform is built to address the structural inefficiencies of a cash-dependent economy by reducing the time spent in physical branch banking, the costs of cash logistics, and the security risks associated with handling physical cash. By offering zero maintaining balance requirements and streamlining documentation through digital onboarding, among others, we seek to support the transition of users from cash-based to digital transactions. As of March 31, 2026, Mynt’s ecosystem connected 1.3 million cash in and cash out touchpoints, with acceptance across 2.1 million QR Ph Merchants, and over 3,000 biller and government partners, and present in 200+ countries and territories, extending our reach beyond the domestic market to serve overseas Filipino users.
Pioneering Innovation Through Purpose-Built Technology
Mynt’s market position has been built on a focus on using technology to address real-world problems.
- Market-Leading eKYC and National ID Integration
- Proprietary CreditTech and Advanced Risk Management
- Multi-Layered, AI-Powered Security
- Hyper-Personalization and Proprietary Data Intelligence
- Cloud-Native Infrastructure and Developing Technology Talent
For the three months ended March 31, 2026, Mynt’s platform maintained a 99.9% availability rate for our core transactional and fund flow services, encompassing our internal platform and services and our external integrations with partner banking APIs, international card networks, national clearinghouse infrastructures, and offline cash transaction touchpoints.
Operational Excellence Fueling Profitability and Long-Term Growth
From 2023 to 2025, Mynt delivered strong financial performance with Adjusted Revenues rising from ₱33,602.1 million to ₱79,670.5 million (U.S.$1,311.7 million) at a CAGR of 54.0%. Net income for the same period grew from ₱6,383.2 million to ₱17,233.2 million (U.S.$283.7 million) at a CAGR of 64.4%. For the three months ended March 31, 2026, Mynt’s Adjusted Revenue grew to ₱20,740.4 million (U.S.$341.5 million) from ₱18,063.1 million, reflecting a YoY growth of 14.8% compared to the same period last year. Mynt’s net income for the same period grew to ₱5,604.3 million (U.S.$92.3 million) from ₱4,522.9 million at a YoY growth of 23.9%. Mynt’s Net Cash inflows (outflows) for the years ended December 31, 2023, 2024, and 2025 and for the three months ended March 31, 2026 were ₱22,990.0 million, ₱(11,004.5) million, ₱15,080.4 million (U.S.$248.3 million), and ₱(11,619.1) million (U.S.$(191.3) million), respectively.
Unique Corporate Culture Anchored on Stewardship, Strong Leadership and Marquee Shareholders
Mynt’s culture is shaped by the shared purpose of our people, the GCash Barkada (collective name for each employee known as a “Kabarkada”). While diverse in background and expertise, Mynt’s people are united around a common purpose to make Filipinos’ everyday lives better. Mynt’s culture is anchored by these pillars:
- Inclusion
- Progression
- Collaboration
- Purpose
For a complete discussion of Mynt’s competitive strengths, please refer to “Our Competitive Strengths” in the Business Section of the Preliminary Prospectus.
Mynt’s Growth Strategies
Mynt focuses on six (6) strategic pillars:
- Expanding Everyday Access to All Filipinos
- Scaling Digital Financial
- Accelerating NMSME and B2B Digitalization
- Expanding Internationally and Serving Overseas Filipinos
- Undertaking Technology Innovation and Al Initiatives
- Executing Strategic Partnerships and Acquisitions
Our growth strategies are anchored on broad-based growth and long-term value creation.
For a complete discussion of Mynt’s growth strategies, please refer to “Our Growth Strategies” in the Business Section of the Preliminary Prospectus.
Risks Factors
In making an investment decision, investors are advised to carefully consider all the information contained in the Preliminary Prospectus, including risks associated with an investment in the Offer Shares. These risks include:
- Risks relating to the Group and the business;
- Risks relating to the Digital Financial Services business;
- Risks relating to operations & technology;
- Risks relating to regulatory & compliance;
- Risks relating to the Philippines;
- Risks relating to the Offer and the Offer Shares; and
- Risks relating to the presentation of information in this Prospectus.
For a more detailed discussion on the risks in investing, please refer to on “Risk Factors” on page 38 of Preliminary Prospectus, which, while not intended to be an exhaustive enumeration of all risks, must be considered in connection with a purchase of the Offer Shares.
Learn More
For more information, please refer to Mynt’s preliminary prospectus found on https://mynt.com.ph/.
A REGISTRATION STATEMENT RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION BUT HAS NOT YET BEEN DECLARED EFFECTIVE. NO OFFER TO BUY THE SECURITIES CAN BE ACCEPTED AND NO PART OF THE PURCHASE PRICE CAN BE RECEIVED UNTIL THE REGISTRATION STATEMENT HAS BECOME EFFECTIVE, AND THE CERTIFICATE OF PERMIT TO OFFER SECURITIES FOR SALE HAS BEEN ISSUED. ANY SUCH OFFER MAY BE WITHDRAWN OR REVOKED, WITHOUT OBLIGATION OR COMMITMENT OF ANY KIND AT ANY TIME PRIOR TO NOTICE OF ITS ACCEPTANCE GIVEN AFTER THE EFFECTIVITY OF THE REGISTRATION STATEMENT AND THE ISSUANCE OF THE PERMIT TO OFFER AND SELL THE SHARES. PARTICIPATION IN THE MARKET SURVEY HERETO INVOLVES NO OBLIGATION OR COMMITMENT OF ANY KIND. THIS MATERIAL IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION TO BUY SECURITIES. INVESTORS SHOULD READ THE PROSPECTUS CAREFULLY AND CONSULT THEIR PROFESSIONAL ADVISERS PRIOR TO MAKING ANY INVESTMENT DECISION.
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