This website requires JavaScript.
Daily Briefing

Ant Financial-backed mobile payment firm Mynt seeks Philippine bank partners

Nov 12, 2018 by The Passage Team
Ant Financial-backed mobile payment firm Mynt seeks Philippine bank partners

Mynt, the Philippine mobile payment operator part-owned by Ant Financial, is expanding its microloans offering by opening up its platform to bank partners.

The move aims to use the risk-management capability of its Chinese shareholder to diversify into the internet finance marketplace. Mynt’s chief executive, Anthony Thomas, said the purchase of a 45 per cent stake by Ant Financial last year has equipped the Manila-based firm with the ability to seek out new revenue sources away from the mobile payment and remittance services run by its licensed operating arm, GCash.

Source: South China Morning Post

The Passage Team

The Passage is committed to creating in-depth content over technology industry across Asia with a focus on emerging startups in the technology, healthcare, education, food, tech, travel & mobility segments.

Follow The Passage Team