April Wu

China Market Strategy

March 18, 2015

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Banking News This Week – Mar 18

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

1 – Banking opportunities in Africa look less rosy

Low domestic growth prospects are prompting South African banks to look to the rest of Africa for growth opportunities, where weak commodity prices in certain key economies could also impact negatively on revenues.  >>

2 – Asia steps up efforts to reach the ‘unbanked’

Despite Asia’s economic rise, many of the globe’s “unbanked” citizens, residing in countries including India, China and Myanmar, make do without access to savings, insurance and pensions. >>

3 – Facebook rolling out payments to friends in Messenger

Facebook announced it was launching a system to send money to friends for US customers using its Messenger mobile app. >>

4 – Nigeria is PayPal’s Second Largest Market in Africa

PayPal may have expressed hesitation in serving Nigerian customers years ago, but it couldn’t ignore, for long, the huge potentials embedded in Africa’s largest economy. >>

5 -China ATM industry research report share 2014-2018 just published

Global and Chinese ATM markets (2013-2014) present characteristics and trends as follows: (1) By country, China, India, Indonesia, Pakistan, Nigeria, the Philippines and other countries with low-density ATM installation will be new engines for global ATM growth. >>

Also worth reading:
(Video)Doing Business In Emerging Markets – Banking Sector
4 Chinese Internet Companies Betting On Mobile Banking
Banks Tapping New Potential in Asia