GLOBE Fintech Innovations Inc., which operates the Philippine e-wallet brand and IPO-hopeful GCash, has more than doubled its valuation to $5 billion following investments from Ayala Corp. and Japan's Mitsubishi UFJ Financial Group (MUFG), the companies said in separate statements on Friday. Ayala Corp., one of the... read full story
"The Philippines has a high mobile phone and internet penetration, creating a solid foundation for the development of digital financial services,"