ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Startups

Grab's tie-up with MUFG signals serious move into fintech

Southeast Asian 'super app' banks on $706m deal to differentiate from rivals

Grab claims its app has been downloaded over 160 million times. (Photo by Ken Kobayashi)

SINGAPORE -- Japan's Mitsubishi UFJ Financial Group's $706 million strategic investment in Grab will help the Singapore ride-hailing company fulfill its ambition to become a regional fintech player as it counts on the partnership to reach millions of Southeast Asia's underbanked population.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more