Mitsubishi Buys Into Top Philippine Fintech for $319 Million
Mitsubishi Corp. will pay 18.4 billion pesos ($319 million) to buy half of a Philippine company that owns a stake in the nation’s biggest fintech platform GCash. The Japanese conglomerate will acquire 50% of Ayala Corp.’s AC Ventures Holdings Corp., which owns a 13% stake in Globe Fintech Innovations Inc., the company behind GCash, Ayala…