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Globe Fintech deal in the Philippines gets conditional antitrust clearance

( May 15, 2025, 07:39 GMT | Official Statement) -- MLex Summary: The Philippines' leading fintech company, Globe Fintech Innovations, has received clearance from the Philippine Competition Commission to acquire ECPay, an electronic customer purchase and payment systems provider, from Globe Telecom, subject to strict compliance with voluntary commitments. In a stock exchange filing, Globe Telecom said completion is expected following approvals from other regulatory bodies. Globe Fintech, also known as Mynt, operates Gcash, the country's largest financial super-app. Both Globe Fintech and ECPay are part of the Ayala conglomerate.  The disclosure follows:...

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