On January 21, Martha Sazon, president and CEO of GCash, a major fintech platform in the Philippines, said on Monday that the company is preparing for an IPO and is building its suite of financial products in addition to payments. "We want to further expand our lending business and investment platform to support our artificial intelligence efforts," Sazon said in an interview on the sidelines of the World Economic Forum in Davos. GCash is also in policy partnerships with the Philippines to issue bonds through its app, she said. The company already allows users to purchase insurance, stocks, crypto assets and offers savings products. Sazon said GCash was in discussions with banks about a possible public offering, depending on market conditions: "There has been a lot of talk about an IPO and we certainly hope it will happen. But there are no clear plans yet. We are also looking at options and timing and are talking to banks." The IPO could raise between $1 billion and $1.50 billion, and the company has selected banks for possible share sales this year, according to people familiar with the matter.