April Wu

China Market Strategy

May 13, 2015

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Banking News This Week – May 13

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

1 – Banking Africa’s unbanked – Time for a reality check

According to the World Bank, today, 62 per cent of the world’s population has a bank account. In 2011 that figure was 51 per cent. In three years, 700 million people became “banked” in some way, and the number of “unbanked” individuals dropped 20 per cent to two billion adults. Much of this progress was attributed to mobile money. >>

2 – Da Nang may become ‘Singapore of Vietnam’

With an increasingly attractive business environment and developed information technology, Da Nang is on the way to realize its goal of becoming “Singapore of Vietnam”. >>

3 – FNB thrives in South Africa’s online banking secne

Specialist online marketing research agency, Columinate, released its fourth annual Internet Banking SITEisfaction survey. >>

4 – Buddhist Monk in Thailand Relies on Karma for Lending Success

Microlender sets interest according to borrower’s good deeds, avoids defaults with neighborly peer pressure. >>

5 – DBS files application to set up unit in India

Singapore’s largest bank says it has applied to set up a subsidiary to boost its banking business in Asia’s third-largest economy. >>

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