April Wu

China Market Strategy

May 20, 2015

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Banking News This Week – May 19

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

1 – Kenya’s Equity Bank plans 10-nation Africa expansion

Kenya’s Equity Bank plans to enter 10 more African countries in the next decade, in addition to the five it already serves, by building operations from scratch or acquiring existing lenders. >>

2 – SCB embraces digital banking, seeks foreign strategic partners to cash in on AEC

SIAM COMMERCIAL BANK is increasingly embracing digital banking to build an attractive business that can retain all customer segments and to lure foreign strategic partners seeking to cash in on the Asean Economic Community. >>

3 – Rural areas need banks, banks need rural areas

Viet Nam’s banking activities are mostly performed in cities, and are largely not available in the countryside, where 70 per cent of the population lives. >>

4 – Are Nigerians unemployed or underemployed?

The discussion about unemployment in political debates around the world has finally landed in Nigeria. A lot of this was seen in the run-up to the 2015 presidential elections, with a considerable part of the fact-based debates anchored on jobs created as against jobs that could be created. >>

5 – Philippines Rides the Emerging Bitcoin Wave

The practically non-existent start-up ecosystem in Philippines has suddenly sprung to life. Thanks to the bitcoin revolution, the number of start-ups, particularly cryptocurrency related ones is increasing from the past couple of years. >>

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