GCash warns public vs pre-sale of IPO shares

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February 27, 2026 | 12:00am

MANILA, Philippines —   E-wallet giant GCash has warned investors against transacting with certain individuals who say they have early access to shares that will be sold for its upcoming initial public offering (IPO).

In an advisory, GCash’s parent Globe Fintech Innovations Inc. (Mynt) said the public should avoid posts that claim to offer a pre-sale of Mynt shares.

Mynt said it has yet to file any documentary requirements for its planned IPO at the Securities and Exchange Commission (SEC) and the Philippine Stock Exchange (PSE).

“Mynt has not made any official filings with the SEC or PSE. If Mynt undertakes any offering of securities in the future, it will do so in accordance with applicable laws and regulations,” it said.

With this, Mynt told investors to refrain from falling into offers saying they can buy Mynt shares ahead of the IPO. In particular, the public should avoid sharing personal information like bank details with these unauthorized individuals.

Mynt also appealed to the public to report these investment schemes to GCash, or straight to the SEC’s Enforcement and Investor Protection Department.

Mynt, as the parent of the country’s largest e-wallet, is one of the highly anticipated IPOs in the PSE, with GCash tightening its grip on Philippine digital finance day by day.

Recently, Globe Telecom Inc. chief finance officer Juan Carlo Puno said Mynt is still looking into its options, so it has no timeline yet when it would go public.

Still, Mynt president and CEO Martha Sazon said GCash is proceeding with expansion plans on all fronts. In 2025, GCash introduced its tap-to-pay solution in mass transit to enable commuters to pay cashless in buses and railways.

Further, GCash is becoming a lender of choice by millions of Filipinos. As of 2025, the e-wallet has issued more than P362 billion in loans to over 10.5 million borrowers.

GCash also secured a $30-million loan from the Asian Development Bank to widen credit access for small and medium enterprises, particularly those owned by women.

Financially, GCash’s parent Mynt handed over P6.1 billion in equity to Globe in 2025, providing more than a fifth of the telco’s pre-tax profit.