April Wu

China Market Strategy

September 21, 2016

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Banking News This Week – Sep 21

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

1 – Malaysian banks spur Cambodia’s growth

Malaysian banks like Public Bank and Maybank are reaping good profits from their foray into Cambodia, including offering affordable housing loans that is strict in Malaysia at present. >>

2 – Shinhan Bank starts operation in Myanmar as first Korean bank

Shinhan said on Sept. 20 that it has opened its Yangon branch in Myanmar to start its operation for customers for the first time as a Korean Bank. >>

3 – Banks, telco regulator create five step m-banking security plan for Thailand

The National Broadcasting and Telecommunications Commission (NBTC) hosted a meeting with representatives from the Bank of Thailand, the Thai Bankers Association and the Telecommunications Association of Thailand. The participants have agreed on a five-step plan to tighten Know Your Customer (KYC) rules to increase confidence in eBanking and mobile banking in the run up to the launch of Thailand’s Promptpay national mobile payments system. >>

4 – How PH can keep up with Asean neighbors

The Philippines would need to improve infrastructure, facilitate ease of doing business, streamline government services, and cut red tape to attract more foreign investors into the country. >>

5 – Banks come under pressure over expensive M-Pesa loans

KCB and Commercial Bank of Africa face consumer class-action intended to compel the lenders to cut their M-Pesa based loans in line with the new interest rate caps which took effect. >>

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