April Wu

China Market Strategy

July 8, 2015

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Banking News This Week – Jul 8

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

1 – Abu Dhabi Islamic Bank Exploring Expansion Into SE Asia, Africa

Abu Dhabi Islamic Bank PJSC, the United Arab Emirates’ second-biggest shariah-compliant lender, is considering entering markets in South East Asia and Africa to tap demand in countries with a large Muslim population. >>

2 – African Banks Eye Cellphone Services To Lock In Customers

After being outsmarted by telecoms when they introduced money transfer services, commercial banks across the continent have woken up to the realization that they cannot dissociate their businesses from providing cellphone services. >>

3 – Philippines Welcomes More Foreign Banks

The Philippine banking industry remains attractive to foreign players due to its 100 million population and a low credit penetration. >>

4 – Banks Need to Be More Proactive with Their Customers in Mobile Banking

A recent BuzzCity survey of over 3,300 mobile customers has revealed that more people than ever are using mobile devices to make payments. >>

5 – When Global Banking Standards Conflict With Local Needs

Central banks in the developing world are caught between adhering to international banking standards and serving potential customers who are unable to meet those standards, as greater access to banking services becomes a mainstream policy goal. >>

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