April Wu

China Market Strategy

June 10, 2015

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Banking News This Week – Jun 10

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

1 – East Africa: Online Banking Still a Challenge to Many Kenyans – Study

Online banking still remains a challenge to many people even as the smart phone penetration in Kenya experiences substantial growth due to increase in internet and mobile connectivity which has seen many local banks introduce online banking services at low rates. >>

2 – Nigeria’s Diamond Bank Reaches the Underbanked

By focusing on improving the financial lives of the underbanked and capitalizing on the popularity of mobile apps and payments in the country, the $10 billion-asset Diamond Bank has achieved significant growth. >>

3 – 53% Indians worry over security in mobile financial services: Survey

Fifty-three per cent of Indian respondents to a recent survey conducted by a US-based company have cited security as a concern on the use of mobile financial services (MFS). >>

4 – ‘Land of no return’ becomes frontier for PHL mobile banking

It’s one of 604 municipalities in the Philippines that don’t have a bank, a deficit the monetary authority is trying to overcome by encouraging the adoption of mobile phone transactions. >>

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April Wu

China Market Strategy

June 3, 2015

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Banking News This Week – Jun 3

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

1 – Future of banking in Africa is mobile

“In the next three to five years the vast majority of our transactions will be performed on smart-mobile devices.” Retail banking is experiencing a seismic shift in customer behaviour thanks to the digital revolution that continues to effect fundamental changes in the way businesses and individuals transact. >>

2 – Nigeria: Banking in uncertain times

New capital requirements, electricity sector risks and the impacts of naira depreciation are hurdles banks face while adjusting to a new administration in Abuja. >>

3 – Viet Nam ministry backs wholly foreign-owned bank

The Ministry of Planning and Investment (MPI) has recommended the Prime Minister to direct the State Bank of Viet Nam to issue a licence to Singapore’s United Overseas Bank (UOB).The move is aimed at facilitating the opening of a wholly foreign-owned bank in Viet Nam. >>

4 – Metrobank, Bank of Yokohama tie up to serve Japanese clients

Metropolitan Bank & Trust Co. (Metrobank) and The Bank of Yokohama (BOY) have entered into an alliance to facilitate banking services for Japanese clients in the Philippines. >>

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April Wu

China Market Strategy

May 27, 2015

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Banking News This Week – May 27

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

1 – Mobile money transfers surge

The revolution spurred by mobile money transfer is in sharp contrast to a country teetering on the brink of collapse after inflation ravaged Zimbabwe’s currency. >>

2 – GTEasySavers: GTB targets 55m unbanked via Etisalat

In line with the Central Bank of Nigeria’s financial inclusion policy, Guaranty Trust Bank yesterday disclosed that it is partnering Etisalat Nigeria to reach 55 million adults who are yet to be banked. >>

3 – Unbanked and under-banked consumers are potential profitable segment for banks

According to Timetric’s Analyst, Amit Verma: “About two billion people across the world lack a bank account and more than one billion in the developing countries still use cash to pay their bills. Poverty, illiteracy, irregular income and complexities involved in opening a bank account compel them to depend upon alternative financial service providers. >>

4 – How long before transactional banking is dead in Africa?

The mobile money revolution that has encapsulated sub-Saharan Africa over the last decade is expected to disrupt the region’s financial sector further by totally wiping out brick and mortar transactional banking. >>

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April Wu

China Market Strategy

May 20, 2015

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Banking News This Week – May 19

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

1 – Kenya’s Equity Bank plans 10-nation Africa expansion

Kenya’s Equity Bank plans to enter 10 more African countries in the next decade, in addition to the five it already serves, by building operations from scratch or acquiring existing lenders. >>

2 – SCB embraces digital banking, seeks foreign strategic partners to cash in on AEC

SIAM COMMERCIAL BANK is increasingly embracing digital banking to build an attractive business that can retain all customer segments and to lure foreign strategic partners seeking to cash in on the Asean Economic Community. >>

3 – Rural areas need banks, banks need rural areas

Viet Nam’s banking activities are mostly performed in cities, and are largely not available in the countryside, where 70 per cent of the population lives. >>

4 – Are Nigerians unemployed or underemployed?

The discussion about unemployment in political debates around the world has finally landed in Nigeria. A lot of this was seen in the run-up to the 2015 presidential elections, with a considerable part of the fact-based debates anchored on jobs created as against jobs that could be created. >>

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April Wu

China Market Strategy

May 13, 2015

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Banking News This Week – May 13

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

1 – Banking Africa’s unbanked – Time for a reality check

According to the World Bank, today, 62 per cent of the world’s population has a bank account. In 2011 that figure was 51 per cent. In three years, 700 million people became “banked” in some way, and the number of “unbanked” individuals dropped 20 per cent to two billion adults. Much of this progress was attributed to mobile money. >>

2 – Da Nang may become ‘Singapore of Vietnam’

With an increasingly attractive business environment and developed information technology, Da Nang is on the way to realize its goal of becoming “Singapore of Vietnam”. >>

3 – FNB thrives in South Africa’s online banking secne

Specialist online marketing research agency, Columinate, released its fourth annual Internet Banking SITEisfaction survey. >>

4 – Buddhist Monk in Thailand Relies on Karma for Lending Success

Microlender sets interest according to borrower’s good deeds, avoids defaults with neighborly peer pressure. >>

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