April Wu

China Market Strategy

February 22, 2017

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Banking News This Week – Feb 22

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

1 – A new financial player in Africa

Foreign-owned banks have dominated the banking sector in Africa for decades, but by and large they have failed to fully grasp the opportunity. >>

2 – More PH firms turn pessimistic

More Filipino businesses have turned pessimistic about prospects this year as they brace for the impact of the Trump administration’s protectionist policies, banking giant Standard Chartered Bank said. >>

3 – Fintechs spur top Thai bank to create new payments platform

Kasikornbank Pcl, Thailand’s largest bank by revenue, plans to introduce a new digital-payments platform by the end of 2017 to counter threats to fee income from rival transaction networks. >>

4 – VN, Cambodia state banks foster ties

Governor of the State Bank of Vietnam (SBV), Le Minh Hung, and Governor of the National Bank of Cambodia (NBC), Chea Chanto, have agreed to step up co-operation between the two banks. >>

5 – Digital banking will boost financial inclusion – CBA Group boss

Many Rwandans are increasingly embracing mobile banking as the country moves toward a cashless economy. >>

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