April Wu

China Market Strategy

May 19, 2016

  • Share by Email
  • Tweet This
  • Share on Google+
  • Share on Facebook
  • Share on LinkedIn
  • Tweet This

Banking News This Week – May 19

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

1 – RHB eyes Indonesian commercial banking sector

RHB Capital Bhd (RHBCap), the country’s fourth largest banking group, plans to go into commercial banking in Indonesia, possibly via mergers and acquisitions (M&As). >>

2 – SCB strives for bigger footprint in VN

VIETNAM’S booming economy is beckoning foreign investors, including Thais, so Thai banks have decided to inject more capital here to support Thai business activities and accelerate loan growth. >>

3 – VN could become upper-middle income nation

Viet Nam could reach upper-middle income status (US$22,000 purchasing power parity per capita) by 2035 by growing with sustainability, equity and social inclusion, and being a capable and accountable State, a World Bank official has said. >>

4 – Fitch: FinTech to bring big opportunities, risks for Asia banks

Large unbanked populations in countries such as India, and the emergence of tech-savvy middle classes in countries such as China, Indonesia and the Philippines, will offer significant growth opportunities for “FinTech” companies. >>

5 – ‘Ground Breaking’ Mobile Payments Ecosystem To Boost Financial Inclusion In South Africa

MobiCash and Boloro are launching their ‘ground breaking’ mobile payments ecosystem in the townships of South Africa with Big Save Group, one of the largest wholesalers operating within South African townships and servicing tens of thousands of small scale spaza shops. >>

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