April Wu

China Market Strategy

June 7, 2017

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Banking News This Week – Jun 7

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

1 – Asia to be at the forefront of demand for app-banking

Financial inclusion remains low across most of Asia. However, it is predicted that placing onus on the financial-technology sector to enhance inclusion will boost growth further still, by between 9% and 14%, in locations such as the Philippines and Indonesia, and as much as 32% in Cambodia. >>

2 – PH, Indonesia start talks for entry of qualified Asean banks

The central banks of the Philippines and Indonesia have started discussions to allow the entry of qualified Asean banks (QABs) in each other’s jurisdictions. >>

3 – Japanese banks expand investments in Vietnam

Some Japanese banks already operating in Vietnam have revealed their plans to expand investments, while others hope to make inroads into the market, according to Dau Tu (Investment) newspaper. >>

4 – Mobile money flourishing in Myanmar

Mobile phone operators see an opening. They already have sales networks across the country and are now tapping into the mobile money market, which previously was led by startups. >>

5 – The cheapest entry-level bank accounts in South Africa

All of South Africa’s retail banks have made significant changes to their fee structures to help make basic banking more accessible to South Africans. >>

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