SunStar
+ February 08, 2021 GCASH, the undisputed leader and preferred mobile wallet in the Philippines, has been selected by the Department of Transportation (DOTr), through the Land Transportation Franchising and Regulatory Board (LTFRB), in distributing subsidies to qualified Public Utility Vehicle (PUV) drivers, such as jeepney and bus drivers, in the Philippines.
Under the LTFRB’s PUV Service Contracting Program, approximately 60,000 PUV drivers whose livelihood are greatly affected by the pandemic will receive monetary subsidy through GCash, providing additional income for the new normal.
The program is the DOTr s initiative in supporting the Bayanihan to Recover As One Act.
Receiving subsidies through GCash is expected to keep PUV drivers safe from the Covid-19 while driving on public transport routes again, months after the public transport sector has been crippled by the pandemic.
GCash to offer global feeder funds, local stocks in February
Published February 3, 2021 5:20pm By JON VIKTOR D. CABUENAS, GMA News Globe Fintech Innovations Inc. (Mynt), the operator of financial services provider GCash, has hinted at new global feeder funds to be made available on the mobile application for users who wish to invest, on top of local equities and bonds. In a post on social media on February 2, Mynt chief executive officer Martha Sazon said the new funds will be made available to the public this February, with a minimum investment of P50 for Philippine instruments and P1,000 for global funds.
Mobile Wallet Provider Mynt Pulls In $175M compsmag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from compsmag.com Daily Mail and Mail on Sunday newspapers.
External | what does this mean?
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Philippine mobile wallet Gcash raises $175 million 12 January 2021
Source: GCash Globe Fintech Innovations, Inc. ( Mynt ), the Fintech arm of Globe Telecom and operator of the country s preferred mobile wallet in GCash, has attracted fresh capital investment from ASP Philippines LP, a limited partnership fund managed by investment firm Bow Wave Capital Management ( Bow Wave ), to further spur the growth of financial inclusion and the digitization of payments and financial services in the Philippines. Mynt raised over US$175 million in fresh capital from Bow Wave and its existing shareholders in multiple tranches, with post-money valuation of the final tranches at close to US$1 billion.