MUFG to invest $195m in Thai mobile payment operator Ascend Money

MUFG to invest $195m in Thai mobile payment operator Ascend Money

New signage for MUFG Bank Ltd., the main banking unit of Mitsubishi UFJ Financial Group Inc., is displayed in front of the bank's headquarters in Tokyo, Japan, on Sunday, April 1, 2018. Photographer: Akio Kon/Bloomberg

Mitsubishi UFJ Financial Group will invest $195 million in Thai mobile payments operator Ascend Money through local subsidiary Bank of Ayudhya, which operates under the brand name Krungsri, eyeing cooperation in personal finance.