PCC conducts deeper review of GCash parent's acquisition of ECPay
The Philippine Star|November 23, 2024
The Philippine Competition Commission (PCC) is conducting a deeper probe on the proposed acquisition of electronic payment platform Electronic Commerce Payments Inc. (ECPay) by the parent firm of mobile wallet GCash.
By LOUELLA DESIDERIO

The PCC said it has started the in-depth or Phase 2 review of the proposed acquisition by Globe Fintech Innovations Inc. (Mynt) of 100 percent of ECPay's issued and outstanding shares.

Mynt and ECPay notified the PCC of their proposed transaction on April 23.

A Phase 2 review of the proposed transaction is being conducted after the PCC Mergers and Acquisitions Office (MAO) found potential competition concerns in key markets including payment services, aggregator services and merchant solutions during the Phase 1 review.

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