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MUFG Pays $393 Million for Stake in Philippine Fintech GCash

By Yahoo! Finance   |   Aug 1, 2024 at 09:11 PM EST
MUFG Pays $393 Million for Stake in Philippine Fintech GCash

Japan's Mitsubishi UFJ Financial Group is acquiring an 8% stake in the Philippine fintech app GCash for $393 million, valuing it at $5 billion. MUFG aims to tap into Asia-Pacific's growth. Globe Telecom and Ayala Corp.

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