Globe Fintech Innovations, a financial technology subsidiary of Philippines-based telecommunications company Globe Telecom also known as Mynt, received an undisclosed amount of equity funding from Ant Financial, the financial services arm of e-commerce group Alibaba, and diversified conglomerate Ayala Corporation on Monday. Mynt operates micropayment platform GCash and Fuse Lending, a service that offers loans to unbanked and underserved customers and businesses.
Ayala Corporation has also paid an undisclosed amount for a 43% stake in BF Jade E-Services, the holding…
