Once the dust settles, Ayala Corp. and Mitsubishi will each hold an equal 50 per cent stake in ACV. Fintech industry watchers expect the deal with give a major power-up for GCash’s future.

Mitsubishi Corporation will own a 6.5% slice of GCash following the deal MANILA, Philippines – Ayala Corporation (AC) finalized a P18.4-billion deal to sell half of its venture capital firm’s ...

Ayala and Mitsubishi will each own a 50-percent ownership stake in ACV after the transaction. ACV holds a 13-percent stake in Globe Fintech Innovations Inc. (Mynt), the parent of GCash.

AYALA Corp. (AC) on Wednesday said that it had sealed a deal with Japan's Mitsubishi Corp. where the latter would be taking a 50-percent stake in subsidiary AC Ventures Holding Corp., which owns the ...

Ayala Corp. has finalized an P18.4-billion agreement to sell to Japan’s Mitsubishi Corp. half of the shares held by the Zobels' venture capital firm in popular ...

Ayala Corp. and Japan’s Mitsubishi Corp. have finalized an P18.4-billion agreement to sell a half of the Zobel family-led ...

MPOWER, the local retail electricity unit of Manila Electric Co. (Meralco), said it has renewed its power supply deal with car parts maker Toyota Aisin Philippines, Inc. (TAP) to provide electricity ...

Mynt is the parent company of popular finance super app and mobile wallet GCash (operated by G-Xchange Inc.) and fintech micro-lender Fuse Lending. In investing in AC Ventures, Mitsubishi cited in ...