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.

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.

The move grants Mitsubishi an indirect 6.5% ownership in Globe Fintech Innovations Inc., or Mynt, the parent company of GCash, the country's leading mobile wallet. The agreement follows Ayala Corp ...

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

AC Ventures Holdings owns a 13% stake in Globe Fintech Innovations Inc., which owns Japan's largest fintech platform GCash. As a result of the deal worth 18.4 billion pesos ($319 million), Mitsubishi ...

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 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 ...

Japan’s Mitsubishi UFJ Financial Group Inc. took an 8% stake in GCash during the last funding round in August. Apart from Globe, Jack Ma-backed Ant Group, and conglomerate Ayala Corp. are its ...

Philippines —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 e-wallet GCash.

Zobel de Ayala clan's diversified conglomerate, Ayala Corporation, has finalized its $320-million deal with Mitsubishi ...