Ascend Money bags $195m from MUFG unit

Quick Summary:

Ascend Money, a leading fintech firm under Charoen Pokphand Group, has secured investment from a subsidiary of Mitsubishi UFJ Financial Group Inc (MUFG) worth US$195 million to accelerate digital financial inclusion in Thailand, mainly in digital finance and lending to non-bank users.

Ascend Money is a promising fintech player in Thailand with widespread penetration in the country's consumer segment and a deep understanding of people's daily payments and financial requirements.

With 30 million active users in Thailand as of last year, Ascend Money serves a broad customer base through an extensive network and strategic partnerships with leading corporations, businesses and merchants in both online and offline landscapes.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Digital Commitment Growth Group Financial Ascend Investment Mufg Thailand Leading Money

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-27 @ 07:33:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 616 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 21399046

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 8 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 12 hours ago

Coverage Areas: Thailand

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News Language: English

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Publisher ID: #66

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