April Wu

China Market Strategy

October 19, 2016

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Banking News This Week – Oct 19

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

1 – Commercial Bank of Africa targets growth in SME market

The Commercial Bank of Africa (CBA) has introduced a revamped Business Banking proposition, aimed at strengthening the banks position in the Kshs. 807 trillion Small and Medium Enterprises (SME) market. >>

2 – Mobile banking users in Indonesia remains low

Research institute Microsave reported that only 0.73 percent of cellphone users in Indonesia have utilized online financial services. >>

3 – VN banks playing catch-up to online buyers

As the country moves toward deeper integration, banks are striving to improve their information and technology systems in order to catch up with new trends and to ensure customer safety. Globalization and interconnectivity come with information and technology risks. In addition, the presence of financial technology (fintech) also has reshaped the financial services sector. >>

4 – Payment solutions key to e-commerce success in the Philippines

While online retail has seen a boost with the popularity of e- and m-commerce channels, supporting business processes like payments must mature for e-commerce to be truly viable in the country. >>

5 – Majority of Malaysian banking consumers do not have strong sense of loyalty – Gallup report

Besides economic challenges, banks in Malaysia are facing another big hurdle – the ineffectiveness to fully engage with their customers, hence running the risk of losing revenue and market share. >>

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