April Wu

China Market Strategy

February 8, 2017

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Banking News This Week – Feb 8

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

1 – Fintech Talk: Fintech in Indonesia: Between fragmentation and financial inclusion

As of December 2016, the Indian government, through the ambitious Aadhaar project, managed to register 1.09 billion people, or 85 percent of the country’s population, into its system. >>

2 – Vietnamese banks named among world’s most valuable brands

BIDV, Vietinbank and Vietcombank have once again been listed in the top 500 banking brands compiled by Brand Finance. >>

3 – New mobile payment system launched in Thailand as part of National E-payment initiative

According to news reports, an interbank mobile payments system, called PromptPay, was launched in Thailand on 27 January. PromptPay is one of several initiatives under the Thai government’s National E-payment initiative, which began to take shape in December 2015. >>

4 – Nigeria: Five Nigerian banks make World’s Top 500 Banking Brands

With $301 million brand value, First Bank ranked 357 led Guaranty Trust Bank, GTB, ranked 395 with a brand value of $258 million, and Zenith Bank 414 with a brand value of $247 million. Access Bank followed at 476 with a brand value of $182 million and the United Bank for Africa (UBA) with a brand value of $172 million ranked 487 in the world. >>

5 – 2017: the year fintech shifts its focus to Africa

The lack of banking and electronic transaction infrastructure in place at this time opens the door for fintech businesses to provide financial services to millions of consumers who previously haven’t had access to bank accounts or other financial institutions. >>

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