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Billionaire Ayala Family, Japan's MUFG To Inject $800 Million Into Philippine E-Wallet Unicorn

By Forbes   |   Aug 1, 2024 at 11:45 PM EST
Billionaire Ayala Family, Japan's MUFG To Inject $800 Million Into Philippine E-Wallet Unicorn

Ayala Corp. and Mitsubishi UFJ Financial Group are investing $800 million in Globe Telecom's fintech unit Mynt, valuing it at $5 billion. Mynt, operator of GCash e-wallet, saw a surge in profits in 2023. Ayala Corp.

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