April Wu

China Market Strategy

June 7, 2017

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Banking News This Week – Jun 7

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

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1 – Asia to be at the forefront of demand for app-banking

Financial inclusion remains low across most of Asia. However, it is predicted that placing onus on the financial-technology sector to enhance inclusion will boost growth further still, by between 9% and 14%, in locations such as the Philippines and Indonesia, and as much as 32% in Cambodia. >> Read the rest of this entry »

April Wu

China Market Strategy

June 1, 2017

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Banking News This Week – Jun 1

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

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1 – Indonesia’s Salim Group re-enters banking with local takeover

Indonesia’s largest conglomerate, Salim Group, has acquired a majority stake in a local bank, marking its first return to the banking business since the 1998 Asian financial crisis. >> Read the rest of this entry »

April Wu

China Market Strategy

May 3, 2017

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Banking News This Week – May 3

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

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1 – Digital focus pays off for DBS

Focusing on digital is paying off for DBS Bank with new opportunities opening up in several areas and more business coming in. >>

2 – StanChart rolls out apps to expand banking services

Standard Chartered Bangladesh has launched two mobile phone applications to expand its retail banking services across the country. >>

3 – Philippines : Small rural banks may still merge

Small banks who wanted to merge under the central bank’s Consolidation Program for Rural Banks (CPRB) but did not meet the prescribed number of members per group may still be allowed to consolidate, provided their capital reaches the required minimum amount of P100 million. >>

4 – Vietnam : The big players in the fintech market

Vietnam’s fintech market has attracted many investors, both foreign and domestic. Chinese Gobi Partners invested in OnOnPay, South Korean UTC Investment in VNPTPay, while funds of Exprerian, Kusto Tiger and Unitus Impact and the bank of Sumitomo invested in Mobivi. Meanwhile, Viettel injected money into BankPlus and MobiFone into Vimo. >>

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April Wu

China Market Strategy

February 22, 2017

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Banking News This Week – Feb 22

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

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1 – A new financial player in Africa

Foreign-owned banks have dominated the banking sector in Africa for decades, but by and large they have failed to fully grasp the opportunity. >>

2 – More PH firms turn pessimistic

More Filipino businesses have turned pessimistic about prospects this year as they brace for the impact of the Trump administration’s protectionist policies, banking giant Standard Chartered Bank said. >>

3 – Fintechs spur top Thai bank to create new payments platform

Kasikornbank Pcl, Thailand’s largest bank by revenue, plans to introduce a new digital-payments platform by the end of 2017 to counter threats to fee income from rival transaction networks. >>

4 – VN, Cambodia state banks foster ties

Governor of the State Bank of Vietnam (SBV), Le Minh Hung, and Governor of the National Bank of Cambodia (NBC), Chea Chanto, have agreed to step up co-operation between the two banks. >>

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April Wu

China Market Strategy

February 8, 2017

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Banking News This Week – Feb 8

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

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1 – Fintech Talk: Fintech in Indonesia: Between fragmentation and financial inclusion

As of December 2016, the Indian government, through the ambitious Aadhaar project, managed to register 1.09 billion people, or 85 percent of the country’s population, into its system. >>

2 – Vietnamese banks named among world’s most valuable brands

BIDV, Vietinbank and Vietcombank have once again been listed in the top 500 banking brands compiled by Brand Finance. >>

3 – New mobile payment system launched in Thailand as part of National E-payment initiative

According to news reports, an interbank mobile payments system, called PromptPay, was launched in Thailand on 27 January. PromptPay is one of several initiatives under the Thai government’s National E-payment initiative, which began to take shape in December 2015. >>

4 – Nigeria: Five Nigerian banks make World’s Top 500 Banking Brands

With $301 million brand value, First Bank ranked 357 led Guaranty Trust Bank, GTB, ranked 395 with a brand value of $258 million, and Zenith Bank 414 with a brand value of $247 million. Access Bank followed at 476 with a brand value of $182 million and the United Bank for Africa (UBA) with a brand value of $172 million ranked 487 in the world. >>

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