Displaying items by tag: MUFG

January 02 2023

MUFG bets big on fintech

Japan’s largest bank is betting big on fintech. In recent months, Mitsubishi UFJ Financial Group (MUFG) has invested in several ascendant Asian fintech firms, including Indonesia’s Akulaku (also backed by Ant Group) and the consumer finance businesses of Netherlands-based Home Credit NV in Indonesia and the Philippines. MUFG may also acquire Japanese buy now, pay later (BNPL) firm Kanmu for roughly 20 billion yen (US$150.56 million).

Published in Fintech Research

Bitcoin and blockchain technology has raised the specter of dis-intermediation for the leading global banks in the last few years.

Published in Blockchain Research