MANILA -- Mynt, the Philippine fintech company backed by China's Ant Group, is eyeing a further round of fundraising to secure a $1 billion valuation as the race for scale intensifies in the country's fast-growing digital banking market.
The growth of Mynt underlines how Southeast Asia is becoming a fintech battleground after the coronavirus pandemic spurred use of mobile payments and as regulators move to encourage competition between established banks and digital rivals.
