JAKARTA The plans of the Association of Southeast Asian Nations (ASEAN) to increase its monetary autonomy so as to reduce reliance on certain foreign currenc
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JAKARTA The plans of the Association of Southeast Asian Nations (ASEAN) to increase its monetary autonomy so as to reduce reliance on certain foreign currenc
JAKARTA The plans of the Association of Southeast Asian Nations (ASEAN) to increase its monetary autonomy so as to reduce reliance on certain foreign currenc
Jakarta-based fintech Akulaku has raised $200 million from Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan. This is part of a strategic investment, with startup and MUFG planning to expand into new markets and product together in 2023. Earlier this year, Akulaku raised $100 million in funding from Siam Commercial Bank as part of another strategic investment. Its other backers include Ant Group (Akulaku launched a BNPL partnership earlier this year with Alipay+).