April Wu

China Market Strategy

November 25, 2015

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Banking News This Week – Nov 25

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

1 – Banking sector must accelerate reform efforts, say experts

In 2015, due to the explosion of information technology as well as the strong growth of electronic services all over the world, banking services on the platform of mobile devices are developing rapidly in Viet Nam. >>

2 – Peppermint Innovation to build m-Pesa for the Philippines, list on ASX

Peppermint Innovation Ltd, an Australian mobile banking technology platform, is in the business of providing vital access to banking services for millions of people not currently linked to traditional banks. >>

3 – Baidu teams with Citic Bank to join China’s online banking wave

Baidu Inc., the Chinese Internet search company, is teaming up with China Citic Bank Corp. to join the wave of online lenders altering a financial industry traditionally dominated by the big state banks. >>

4 – Lot of contacts in your mobile phone may get you loans

They have no bank account, no credit score, no financial identity. So a quarter of humanity hasn’t been able to borrow money. Until now. >>

5 – Africa becomes a major force in mobile use

Few places have embraced mobile telecommunications with the enthusiasm of Africa, where the lack of fixed telephony and continent-wide poverty meant phones were once only for the rich. >>

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