April Wu

China Market Strategy

May 3, 2017

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Banking News This Week – May 3

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

1 – Digital focus pays off for DBS

Focusing on digital is paying off for DBS Bank with new opportunities opening up in several areas and more business coming in. >>

2 – StanChart rolls out apps to expand banking services

Standard Chartered Bangladesh has launched two mobile phone applications to expand its retail banking services across the country. >>

3 – Philippines : Small rural banks may still merge

Small banks who wanted to merge under the central bank’s Consolidation Program for Rural Banks (CPRB) but did not meet the prescribed number of members per group may still be allowed to consolidate, provided their capital reaches the required minimum amount of P100 million. >>

4 – Vietnam : The big players in the fintech market

Vietnam’s fintech market has attracted many investors, both foreign and domestic. Chinese Gobi Partners invested in OnOnPay, South Korean UTC Investment in VNPTPay, while funds of Exprerian, Kusto Tiger and Unitus Impact and the bank of Sumitomo invested in Mobivi. Meanwhile, Viettel injected money into BankPlus and MobiFone into Vimo. >>

5 – Who’s who in African Fintech

Let’s have a look at some of biggest names in FinTech – a selection of last years’ inaugural African FinTech Awards. >>

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