April Wu

China Market Strategy

September 23, 2015

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Banking News This Week – Sep 23

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

1 – Asia at the epicentre of the digital banking shakeup

The rise of the digitally-savvy customer with more sophisticated expectations is also driving change in the way banking as a service is consumed. >>

2 – Malaysia Banking : Staff cuts gather momentum

As economic growth slows, and uncertainties caused by falling commodity prices mount, heads have begun to roll at Malaysian banks. >>

3 – Analysis: Omnichannel, a future for Indonesia banking industry

With omnichannel, bank provides seamless, consistent and unified information on different channels, therefore consumer will experience the same services regardless their selected channels. >>

4 – Philippines : Over 200 new bank branches open in Q2

The Bangko Sentral ng Pilipinas (BSP) has given major banks as well as thrift, rural, and cooperative banks the green light to open more than to 200 branches nationwide in the second quarter of the year. >>

5 – Research and Markets: Africa Mobile Money Market 2015 by Transaction Mode, Nature of Payment, Location, Type of Purchase and Country – Forecast to 2020

The Africa mobile money market is expected to grow from $2.73 Billion in 2015 to $14.27 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 39.2% during the forecast period from 2015 to 2020. >>

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