According to Bloomberg, Japan's MUFG will acquire a stake in Mynt, aiming to further capture growth opportunities in the Asia-Pacific region. The deal comes as digital payments in the Philippines grow. MUFG's deals in recent years include a $200 million investment in Southeast Asian bank and digital finance company Akulaku in 2022 and an investment in Thai smartphone payment company Ascend Money in June.

Globe said the MUFG deal doubled Mynt's valuation to more than $4 billion from $2 billion in 2021. Mynt had net income of 6.7 billion pesos ($115 million) in 2023. Globe shares rose 2.6% to 2,218 pesos on Friday, the highest since January 2023, bucking a trend.