TOKYO -- Mitsubishi UFJ Financial Group will offer a cross-border money transfer service at around one-sixth the cost of the existing service, as the Japanese bank joins the fray in the low-cost money transfer business.
Japan financial group to connect Ayudhya and Danamon banks

A branch of Bank of Ayudhya, a Mitsubishi UFJ group bank, is seen in Bangkok.
TOKYO -- Mitsubishi UFJ Financial Group will offer a cross-border money transfer service at around one-sixth the cost of the existing service, as the Japanese bank joins the fray in the low-cost money transfer business.