GCash moving into lifestyle payments, says Mynt CEO

MANILA — Mobile pockets GCash is moving into lifestyle funds similar to film tickets after rising its lively consumer base 5 occasions within the final 18 months, father or mother firm Mynt mentioned Thursday.

GCash has 20 million registered clients, who pays utilizing QR codes in 50,000 retailers, Mynt CEO Anthony Thomas advised The Briefing on ANC’s Market Edge.

“Our approach really is to make everyday payments easy,” Thomas mentioned.

Chinese tech billionaire Jack Ma, whose Ant Financial is invested in Mynt, has been a “great accelerator,” with GCash benefiting from Ant’s Alipay, he mentioned.

Mynt’s different shareholders embody Globe Telecom and Ayala Corp.

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