April Wu

China Market Strategy

March 9, 2016

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Banking News This Week – Mar 9

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

1 – Korean banks, asset managers rush to enter Vietnamese market

From commercial banks to wealth management firms, Korean financial institutions are seeking to bolster their presence in the fast-growing Vietnam market to drive growth as the industry slows at home. >>

2 – Indonesia’s Bank Central Asia to hold back expansion due to margin squeeze

Indonesia’s biggest bank by market value Bank Central Asia (BCA) said it would hold back some expansion plans this year after regulators announced a series of measures that will lower banks’ margins. >>

3 – Facilitation:‘Branchless banking could spur GDP growth’

Branchless banking would have a positive impact on Gross Domestic Product (GDP) growth and lives of people in general. >>

4 – Standard Chartered makes retail banking paperless

MUMBAI: India’s largest foreign bank by number of branches Standard Chartered Bank on Tuesday announced the global launch of a digital tablet-based sales-and-service tool that “brings the bank” to clients. >>

5 – Africa: The digital technology cloud hangs over every African farm

Mobile phones and even mobile money accounts do not amount to digital financial inclusion. Millions still live without access to formal financial services and the potential of digital technologies to equip smallholder farmers with knowledge, data and market opportunities has yet to be realised. >>

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