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Will MUFG increase its stake in Mynt beyond 8% by mid-2025?
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Japan•Mitsubishi UFJ Financial Group•Globe Fintech Innovations•Mynt•Philippines•MUFG•GCash•Asia•Ayala•Philippine•InsiderPH•Jack Ma
Resolution / Starting Odds
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Official announcements from MUFG or Mynt
Story
MUFG to Invest $393 Million for 8% Stake in Philippine Mobile Payments Leader Mynt, Valued at $5 Billion
Aug 2, 2024, 02:25 AM
Japan's Mitsubishi UFJ Financial Group (MUFG) is set to invest $393 million in Globe Fintech Innovations, better known as Mynt, the leading mobile payments operator in the Philippines. This investment will give MUFG an 8% equity stake in Mynt's top fintech app, GCash. The deal values Mynt at $5 billion, significantly boosting its valuation. This move is part of MUFG's strategy to expand its presence in Asia's growing digital financial market. The funding round also saw participation from Ayala, a major Philippine conglomerate. InsiderPH reported that billionaire Jack Ma and one of the richest clans in the Philippines both notched wins as the company raised new funds.
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Yes • 50%
No • 50%
Significant increase in market share • 25%
Moderate increase in market share • 25%
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Decrease in market share • 25%
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Partially accepted • 25%
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Withdrawn • 25%
Below 500 JPY • 25%
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601 - 700 JPY • 25%
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Moderate increase in customer base • 25%
No significant change • 25%
Decrease in customer base • 25%
Yes • 50%
No • 50%
Increase by more than 10% • 25%
Increase by 0-10% • 25%
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With a government entity • 25%
No new partnerships • 25%
Remains a wholly owned subsidiary • 25%
Merged into MUFG's existing operations • 25%
Sold to another entity • 25%
Operates independently with MUFG stake • 25%