Mitsubishi UFJ Financial Group and its consolidated subsidiary, MUFG Bank announced that MUFG Bank will make an additional investment of INR 27,988 million (approximately JPY 49 billion) in DMI Finance — a digital financial services business in India.

In the Asia-Pacific, which MUFG considers its second home market, there is an accelerating trend of digital financial service providers leveraging the latest technology developments to offer financial services to unbanked or underbanked consumers and SMEs.

Source: Medium