BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Mitsubishi UFJ Financial Group (MTU)
and its subsidiary, MUFG Bank, Ltd., as a lead investor for this round, together
with Finnoventure Private Equity Trust I fund managed by Krungsri Finnovate Co.,
Ltd., a subsidiary of the Bank of Ayudhya, have entered into an investment
agreement for $195 million in Ascend Money, a provider of digital financial
services in Thailand.

Backed by Charoen Pokphand Group, which is also major shareholder, Ascend Money
has established is the country's largest digital payment and financial service
provider with 30 million active users.



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