ECM

Mynt (GCash) Pre-IPO: Early Thoughts

18 Aug 2026 By Ke Yan, CFA
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Abstract: Mynt, the digital payments and consumer finance platform behind GCash, has filed a registration statement for a PSE Main Board listing. MS, JPM, and UBS are the joint global coordinators. We look at the company's core segments: Payment Solutions and Digital Financial Services, led by CreditTech. We think the deal is interesting. Profitability with scale, market dominance and a payments network that now earns through credit outweigh decelerating growth, lost online gaming revenue and rising credit costs.

Mitsubishi (8058 JP) Mitsubishi UFJ Financial (8306 JP) Grab Holdings Limited Class A Ordinary Shares (GRAB US) Joint Stock Company Kaspi.kz American Depository Shares (KSPI US) Nu (NU US) One 97 Communications (PAYTM IN) Sea (SE US)

Highlighted Stocks

Mitsubishi, Mitsubishi UFJ Financial, Grab Holdings Limited Class A Ordinary Shares, Joint Stock Company Kaspi.kz American Depository Shares, Nu, One 97 Communications, Sea

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