April Wu

China Market Strategy

November 11, 2015

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Banking News This Week – Nov 11

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

1 – Indonesia eyeing Cambodia’s banking sector

Indonesia’s financial regulator, Financial Services Authority (OJK), is planning bilateral agreements with Cambodia and five other countries to pave the way for its banks to expand their presence in Asia. >>

2 – Most Asean banks enter tough environment from position of strength: Fitch says

A tougher operating environment amid sluggish economic growth, depreciating currencies and softer commodity prices will continue to challenge banks in many parts of Asean, Fitch Ratings said this week. >>

3 – Diamond Bank urges customers to embrace digital banking

Diamond Bank, one of the leading new generation and innovative bank in Nigeria, has urged its customers to embrace technology and indeed digital banking as it offers the best of service in the banking industry. >>

4 – Interswitch launches Verve card in Uganda

Digital payment service provider Interswitch Uganda is set to launch new ATMs and Point of Sale (POS) terminals. CEO Olumuyiwa Asaagba said Interswitch will be introducing a new card known as Verve, which he said is more secure than the current cards being used by various banks in the region. >>

5 – Standard Chartered and Airtel partner for mobile wallets in Ghana

Standard Chartered Bank has partnered with Airtel Ghana Limited to launch Straight2Bank Wallet in Ghana, expanding the coverage of its mobile wallet service in Africa. >>

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