NEWS

𝐏𝐡𝐢𝐥𝐢𝐩𝐩𝐢𝐧𝐞 𝐂𝐨𝐧𝐬𝐮𝐥𝐚𝐭𝐞 𝐰𝐨𝐫𝐤𝐬 𝐜𝐥𝐨𝐬𝐞𝐥𝐲 𝐰𝐢𝐭𝐡 𝐈𝐭𝐚𝐥𝐢𝐚𝐧 𝐚𝐮𝐭𝐡𝐨𝐫𝐢𝐭𝐢𝐞𝐬 𝐨𝐧 𝐟𝐫𝐚𝐮𝐝, 𝐢𝐥𝐥𝐞𝐠𝐚𝐥 𝐫𝐞𝐜𝐫𝐮𝐢𝐭𝐦𝐞𝐧𝐭 𝐜𝐚𝐬𝐞𝐬

The Philippine Consulate General in Milan has been working quietly with Italian authorities in the past several weeks as

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National

𝐆𝐥𝐨𝐛𝐞 𝐡𝐚𝐫𝐦𝐨𝐧𝐢𝐳𝐞𝐬 𝐩𝐚𝐲𝐦𝐞𝐧𝐭𝐬-𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬𝐞𝐬; 𝐬𝐞𝐥𝐥𝐬 𝐄𝐂𝐏𝐚𝐲 𝐭𝐨 𝐌𝐲𝐧𝐭

Globe Telecom, Inc. (PSE: GLO), a leading digital platform in the Philippines with major interests in telecommunications, financial technology, virtual healthcare, digital marketing solutions, data insights, corporate venture building, and climate technology, entered into an agreement with Globe Fintech Innovations, Inc. (Mynt), the parent company of GCash, for the sale of its 77% stake in Electronic Commerce Payments, Inc. (ECPay) for PHP2.31Bn. ECPay’s minority stakeholder, Payment One, Inc., is likewise a party to the agreement, effectively making the transaction a full acquisition of ECPay by Mynt.

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