April Wu

China Market Strategy

October 15, 2014

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Banking News This Week – Oct 15

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

1 -Messaging giant Line to launch mobile payment service in Japan

Japanese messaging app provider Line has introduced mobile payment and other new services that will be launched by the end of the year. >>

2 – Tweet to Pay as Bank Starts Twitter Money Transfers

Officials from Groupe BPCE, France’s second-largest bank by branches, and its online-payment unit S-Money will unveil details of the service tomorrow at a press event in Paris. Twitter users will be able to “send money to other users easily, rapidly, securely and free of charge with a simple tweet,” BPCE said last month in a statement previewing the feature. >>

3 – China calls on banks to boost mortgage securities market

The mainland’s central bank and banking regulator have called on lenders to create a larger mortgage-backed securities market as part of an effort by the central government to revive a flagging real estate sector. >>

4 – Standard Chartered Bank Plans Massive Employment Drive Across Africa

British multinational banking and financial services company Standard Chartered Bank has revealed that it plans to hire at least 1,000 more staff in Africa in the next couple of years, with Nigeria, Africa’s largest economy expected to be the destination of most of the soon-to-be-created-jobs. >>

5 – Nigeria’s Oldest Bank Launches Ghanaian Unit, Becomes Largest African Banking Outfit

First Bank of Nigeria Limited has officially expanded its operations to Ghana, making it the largest corporate and retail banking financial institution in Africa (excluding South Africa). >>

Also worth reading:
Will Mobile Banking End Branches?
4 Chinese Internet Companies Betting On Mobile Banking
Banks Tapping New Potential in Asia