Mitsubishi UFJ (MUFG) to Extend in APAC With New Investment

Mitsubishi UFJ Financial Group, Inc. (MUFG) and its consolidated subsidiary — MUFG Bank — are set to invest in Globe Fintech Innovations, Inc. ("Mynt"), the firm that manages GCash. MUFG will invest $393 million in Mynt as it extends its foothold in Asia's booming digital financial market. Globe Fintech Innovations operates the Philippine mobile wallet GCash, specializing in QR code-based mobile payments with a user base of more than 60 million. With a valuation of $5 billion, the company is considered a 'u ...