April Wu

China Market Strategy

May 6, 2015

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Banking News This Week – May 6

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

1 – More major mergers underway in Vietnam’s banking sector

At least six mergers and acquisitions are being planned among commercial banks in Vietnam, where three similar deals have taken place this year as part of the government’s efforts to consolidate the overcrowded banking sector. >>

2 – Banking on technology in Indonesia

Indonesia is trying to tap into technology to get people to use less cash, even though less than a quarter of its 250 million people have bank accounts and electronic money systems are still being refined and regulated. >>

3 – How mobile money is saving Africa $2bn annually

Mobile phones have proven to be potential game-changers in boosting access to financial products and services to people in Africa. >>

4 – Telecom firms are becoming rivals for banks

The increasing volume of financial transactions made on these phones has enabledtelecommunications companies across the continent to set themselves up as major competitors in the banking business. >>

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April Wu

China Market Strategy

April 29, 2015

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Banking News This Week – Apr 29

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

1 – Standard Bank aims for growth in Africa

Standard Bank is working on growing headline earnings in its personal and business banking division in the rest of Africa to just more than a R1bn in the next three years — it expects to achieve this through organic growth. >>

2 – (Video) Mobile money revolutionises East Africa’s banking sector

Most banks in the East African region recorded strong balance sheet growth, with bank loans growing at more than 20 per cent across the region, supported by strong domestic and regional macro-economic environment. >>

3 – Indonesia Bank Mandiri Can Open Branches in Malaysia

State-controlled Bank Mandiri, the leading bank in Indonesia in terms of asset size, will be allowed to open 20 branches in Malaysia after financial authorities in Indonesia and Malaysia signed an agreement. >>

4 – Asia’s homegrown PayPal challenger 2C2P raises US$7M Series C

Underpinning it all is Southeast Asia’s bouyant B2C e-commerce market, growing from US$7 billion in 2013 to a projected US$34.5 billion by 2018. >>

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April Wu

China Market Strategy

April 22, 2015

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Banking News This Week – Apr 22

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

1 – HSBC speeds up exit from emerging markets

HSBC, which for years branded itself the “world’s local bank”, is accelerating a plan to break from that business model and retreat from key emerging markets, in a renewed effort to become “simpler and smaller”. >>

2 – How mobile banking can bring Sub-Saharan Africa out of poverty

A big game changer for the unbanked is the rise in mobile banking. Now those living in rural areas, away from bank branches, can participate in the system. While only 1% of adults worldwide use a mobile money account, 12% of adults in Sub-Saharan Africa do. >>

3 – Is Sierra Leone the new hotspot for Nigerian banks?

First Bank of Nigeria Limited (FBN) is the latest Nigerian lender to set up camp in Sierra Leone. Over the last decade, more than five Nigerian lenders (Guaranty Trust Bank, Zenith Bank, Skye Bank, Access Bank and United Bank for Africa) have launched businesses in Sierra Leone. >>

4 – Ethiopia’s banking industry slowly evolving

Ethiopia’s financial services industry is one of the least developed in the region. The banking sector is heavily regulated. As at October 2013, pan-African financial services provider Ecobank estimated Ethiopia’s unbanked population to be around 80 million people. >>

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April Wu

China Market Strategy

April 15, 2015

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Banking News This Week – Apr 15

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

1 – Mobile payment methods are game changer for Africa

Nairobi residents send money through m-pesa. According to a survey, sub-Saharan Africa is home to 53 percent of live mobile money services in the world. >>

2 – Survey shows over a third of Malaysian firms plan to use Renminbi in future

Thirty-four per cent of firms in Malaysia plan to use the Renminbi (RMB) in the future, according to a new survey by HSBC Commercial Banking. >>

3 – Ernst&Young: Vietnam needs only five major banks

(Media Interview) Keith Pogson, senior officer of banking and financial services of Ernst&Young Asia Pacific, spoke with the media last week in Vietnam about the banking situation in the country. >>

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April Wu

China Market Strategy

April 8, 2015

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Banking News This Week – Apr 8

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

1 – CBN approves 2 models of mobile money services

The Regulatory Framework and Guidelines on Mobile Money Services in Nigeria is­sued by CBN on its website, classified the services as bank led, which is a bank and/or its consortium as lead initiator and non-bank led, which is a corporate organisation duly licensed by CBN as lead ini­tiator. >>

2 – Over 700 million in Asia already bank digitally

According to a new report from McKinsey & Company, smartphones and high speed Internet access are transforming banking habits in Asia where over 700 million people already regularly conduct transactions online. >>

3 – M-commerce boom in Philippines as smartphone penetration increases

M-commerce is booming in the Philippines, thanks to a young, digitally-connected population, better payment options and a bigger variety of vendors. >>

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