TOKYO -- Mitsubishi UFJ Financial Group will invest $195 million in Thai mobile payments operator Ascend Money, which is affiliated with Thai retail and telecommunications conglomerate Charoen Pokphand (CP) Group, eyeing cooperation in personal finance.
Finance
MUFG to invest $195m in Thai mobile payment service under CP Group
Japanese banking giant eyes collaboration in personal finance
MUFG has been making investments and acquisitions to strengthen its stance in Southeast Asia. (Photo by Yutaka Miyaguchi)
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