April Wu

China Market Strategy

June 3, 2015

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Banking News This Week – Jun 3

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

1 – Future of banking in Africa is mobile

“In the next three to five years the vast majority of our transactions will be performed on smart-mobile devices.” Retail banking is experiencing a seismic shift in customer behaviour thanks to the digital revolution that continues to effect fundamental changes in the way businesses and individuals transact. >>

2 – Nigeria: Banking in uncertain times

New capital requirements, electricity sector risks and the impacts of naira depreciation are hurdles banks face while adjusting to a new administration in Abuja. >>

3 – Viet Nam ministry backs wholly foreign-owned bank

The Ministry of Planning and Investment (MPI) has recommended the Prime Minister to direct the State Bank of Viet Nam to issue a licence to Singapore’s United Overseas Bank (UOB).The move is aimed at facilitating the opening of a wholly foreign-owned bank in Viet Nam. >>

4 – Metrobank, Bank of Yokohama tie up to serve Japanese clients

Metropolitan Bank & Trust Co. (Metrobank) and The Bank of Yokohama (BOY) have entered into an alliance to facilitate banking services for Japanese clients in the Philippines. >>

5 – Here’s a Hopeful Sign for Emerging Markets

Emerging market economies have taken a battering. A few have started to revive and there’s hope for others. Are investors right in believing an upturn is coming? Or have they underestimated quite how long lived emerging market bearish cycles can last. >>

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