April Wu

China Market Strategy

August 18, 2016

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Banking News This Week – Aug 18

The top 5 banking news stories in emerging markets this week.

banking news_cover

1 – BI launches e-money program for Indonesian fishermen

Bank Indonesia (BI) has launched its own e-money specially designed for fishermen, named the “Lantera Card”, as part of an effort to expand non-cash transactions in Indonesia. >>

2 – Japan:Big banks lay groundwork for business growth in S.E. Asia

Major Japanese banks are strengthening their support for small and midsize enterprises seeking to exploit markets in Southeast Asian countries. >>

3 – Foreign banks make beeline for Vietnam

The number of foreign banks, especially from ASEAN member countries, to invest in Vietnam has been increasing rapidly in recent years with the opening up of the banking sector as part of the Government’s commitment to international integration. >>

4 – More Malaysian consumers embrace digital banking

Malaysia is experiencing a higher mobile and Internet banking adoption rate with only 12.5 per cent of consumers found to have never tried digital banking at least once, according to the findings of a survey undertaken by the Asian Institute of Finance (AIF). >>

5 – What banks need to watch for to survive digital disruption

Digital business models are putting banks’ revenue at risk, as third-party providers such as telecoms companies, retailers and nontraditional players like Google, Apple and Facebook extend banking services into nonbanking digital ecosystems. >>

Also worth reading:

Mobile Banking Boom In Emerging Markets
(Video)Doing Business In Emerging Markets – Banking Sector
4 Chinese Internet Companies Betting On Mobile Banking
Banks Tapping New Potential in Asia