TOKYO -- Mitsubishi UFJ Financial Group, Japan's largest bank, plans to launch a mobile payment service with staffing company Recruit Holdings using the bank's digital currency after regulatory constraints stymied its solo plans.
In venture with Recruit, Japan's largest bank looks outside heavily regulated industry

MUFG launched its digital currency in 2017, but strict banking rules held back efforts to promote its use. © Reuters
TOKYO -- Mitsubishi UFJ Financial Group, Japan's largest bank, plans to launch a mobile payment service with staffing company Recruit Holdings using the bank's digital currency after regulatory constraints stymied its solo plans.