April Wu

China Market Strategy

June 17, 2015

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Banking News This Week – Jun 17

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

1 – Asian banks see big business in Vietnam’s growing foreign sector

Foreign banks, especially those from Asia, are strengthening their foothold in Vietnam to cater to a growing number of multinational companies and crowd out local lenders. >>

2 – Bangkok Bank returns to Cambodia with opening of Phnom Penh branch

After a 14-year absence from Cambodia, Bangkok Bank (BBL) has launched a branch that it expects to break even in just two years. >>

3 – Vietnam’s OnOnPay launches mobile top-up service for Southeast Asia

As prepaid plans begin taking over the global mobile market, Hanoi-based OnOnPay launches to take on Thailand and Malaysia. >>

4 – The Philippines takes to banking without ATMs

Bank customers at ATM machines in the town of Santa Cruz, south of Manila. There were 217 million mobile phone transactions in the Philippines in 2013, worth $692 million a month, a 64 per cent rise in value from 2010. >>

5 – Rural banks expand through branchless networks

Manila : Rural banks play an important role in the government’s strategy for financial competitiveness by strengthening rural economies. They serve by offering microinsurance, loans, savings and other banking services to the grassroots of the social class where access to commercial banks seems impossible. >>

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