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A man walks past a signboard of Mitsubishi UFJ Financial Group and MUFG Bank at its headquarters in Tokyo, Japan April 3, 2018. REUTERS/Toru Hanai

 

Nishimura & Asahi has advised Mitsubishi UFJ Financial Group, Japan's largest banking group, on its $393 million investment in Philippine fintech Mynt for an 8 percent stake.

Mynt, also known as Globe Fintech Innovations, operates the Philippine e-wallet brand and IPO-hopeful GCash.

According to Reuters, the Philippines is among the fastest-growing fintech markets in Southeast Asia, with a surge in adoption of digital services during the pandemic.

It added that Mynt is a joint venture between Alibaba's Ant Group, Philippine conglomerate Ayala, and communications firm Globe Telecom.

The Nishimura team was led by partners Yuji Shiga, Masataka Sato and Susumu Tanizawa. 

 

TO CONTACT EDITORIAL TEAM, PLEASE EMAIL ALBEDITOR@THOMSONREUTERS.COM

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