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Business deals

Japan's MUFG to invest $200m in Indonesia fintech Akulaku

Banking group considers 'buy now, pay later' services in Asian consumer market

Following an investment of $200m, Japan's MUFG Bank is expected to hold a 10% stake in Indonesian online lender Akulaku. (Source photos from Nikkei, and Akulaku's Facebook page)

TOKYO -- MUFG Bank will invest $200 million in Indonesian fintech company Akulaku, Nikkei has learned, in the latest move to expand its customer base in the Southeast Asian region.

The Japanese lender is expected to hold a stake of around 10% in the Indonesian online lender after the investment.

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