April Wu

China Market Strategy

June 24, 2015

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Banking News This Week – Jun 24

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

1 – Nigeria Determined to Increase Banking Population

Nigeria sets 2020 goal to have 80 per cent of its population financially included in the banking system. >>

2 – Uganda: Banks Partner Telecoms to Cope With Mobile Pressure

Ugandan banks seem to have realised the threat as more of them are partnering telecoms to swiftly roll out mobile banking products to boost their customer base and increase revenue streams. >>

3 – Krungsri Set For Corporate Expansion

Bank of Ayudhya or Krungsri, a member of Mitsubishi UFJ Financial Group (MUFG), has announced strategies to expand its corporate banking business with the aim of becoming the primary bank for its corporate clients by 2017. >>

4 – Foreign Banks Enter Vietnam

As Vietnam will integrate into the ASEAN Economic Community (AEC) in 2015, not only large corporations but also foreign banks plan to strengthen their presence or expand their scale in Vietnam. >>

5 – Mobile Banking Expands Rapidly in Bangladesh

Mobile money is a much cheaper solution and could be the “perfect platform for Bangladesh to take financial services to the country’s largely unbanked population. >>

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