Thursday
March 28
2019

This Mobile App Backed by Jack Ma Is Mimicking Ant Financial

By Lilu Yilun Chen

Mynt, the Philippine mobile payments operator backed by billionaire Jack Ma’s Ant Financial, plans to roll out insurance products en route to becoming a sprawling financial services platform in its Chinese ally’s image.

The operator of the GCash app is now trying to become a conduit for insurance policies with the help of strategic partners that can help it expand a slate of products from banking and credit-scoring to financing and money market funds, Chief Executive Officer Anthony Thomas said in an interview.

Photo courtesy of bfishadow.

Source: Bloomberg (link opens in a new window)

Categories
Finance
Tags
digital finance, financial services, fintech, mobile money