GLOBE Telecom Inc. announced on Wednesday that Ant Financial Services Group, the financial technology company of Alibaba’s Jack Ma, had completed the transaction to buy a 45 percent stake in Globe Fintech Innovations Inc. (Mynt), a unit of Globe.

Ayala Corporation also told the bourse on Wednesday that it had acquired a 10 percent stake in Mynt in line with its vision to capture opportunities in the financial technology space.