Ayala Corporation and Mitsubishi Corporation entered into an MOU on May 28, 2026, to explore the expansion of the digital wallet GCash in the Philippines, leveraging Makati City as a base.
1 report, 1 independent
Updated May 28
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What happened
Ayala Corporation and Mitsubishi Corporation entered into an MOU on May 28, 2026, to explore the expansion of the digital wallet GCash in the Philippines, leveraging Makati City as a base.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.- Ayala Corporation and Mitsubishi Corporation are deepening their partnership in the Philippines with a P44.5-billion transaction that establishes economic ownership and operational headquarters.Sub-event
MOU signed between Ayala and Mitsubishi to expand GCash digital wallet in the Philippines with $3.4B pledged.1 source
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The entities involved
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Ayala Corporation
publicly listed holding company for the diversified interests of the Ayala Group
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Mitsubishi Corporation
Japanese trading company
Nothing else this week.
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Philippines
archipelagic country in Southeast Asia
Related events
- GCash is reported to dominate the Philippine e-wallet market and is competing regionally with Kakao Pay.
- Taptap Send launched zero-fee services in Bahrain, with future expansion targets including the United States. GCash is noted as the largest mobile wallet in the Philippines.
- A summit was held to discuss digital payment trends in the Philippines.