GCash, the leading mobile payments provider in the Philippines, is valued at $5 billion following its latest investment round. The company, owned by Mynt, is considering going public through an IPO. Additionally, GCash is contemplating applying for a digital banking license to expand its lending operations. This development comes as the Philippines central bank lifts its moratorium on establishing digital banks, potentially allowing other financial institutions like CIMB Bank Philippines, SeaBank, and OwnBank to convert their existing licenses into digital ones.