April Wu

China Market Strategy

August 24, 2016

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Banking News This Week – Aug 24

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

banking news_cover

1 – WATCH: Banking on Africa’s unbanked

Just one in five Africans have a bank account. This is an enormous opportunity for companies looking to bank the unbanked but it doesn’t come without a few challenges. >>

2 – 4 million unbanked Filipinos to benefit from credit scoring

Four million unbanked Filipinos are seen to benefit from the nascent credit scoring industry, a development that is seen to provide those at the bottom of the economy an easy access to credit once the service is available to the public. >>

3 – After rapid expansion, banks in Vietnam settle into stability

Many banks here have emerged much stronger from the NPLs(Non Performing Loans) crisis, with better risk management practices, improved systems, and stronger management. >>

4 – Krungsri committed to branch network growth

By assets, Krungsri is ranked the fifth-largest Thai bank, but its current number of branches, 644, is well behind the 1,100-1,200 at each of the top four banks: Bangkok Bank, Krungthai Bank, Siam Commercial Bank and Kasikornbank. >>

5 – Digital payments are shaking up Asia’s credit card industry

Banks are eyeing rapid growth of payment transactions in Asia. Citi, other banks are trimming number of credit-card products. >>

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