April Wu

China Market Strategy

July 15, 2015

  • Tweet This
  • Share on LinkedIn
  • Share on Facebook
  • Share on Google+
  • Tweet This
  • Share by Email

Banking News This Week – Jul 15

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

1 – Citibank seeks go-ahead to boost Vietnam presence

Citibank NA, a unit of Citigroup Inc (C.N), said it will get the go-ahead soon from Vietnam’s central bank to set up a subsidiary in the country, which would make it the seventh wholly foreign-owned lender to operate in Vietnam. >>

2 – Siam Commercial Bank to open branch in Vietnam

Thailand’s Siam Commercial Bank (SCB) is allowed to establish its branch in Vietnam. The Prime Minister has approved the State Bank of Vietnam (SBV)’s proposal to let SCB establish its Vietnam branch on the acquisition of VinaSiam Bank (VSB). >>

3 – Vietnam bans banks with high bad debts from expanding

Commercial banks in Vietnam are not allowed to expand their networks until they can keep bad debts under 3 percent of total outstanding loans, a new rule indicative of the government’s increased resolve to address its toxic debt problem. >>

4 – Two African business giants go head-to-head over mobile telecoms and payments

Few firms have done more in recent years to boost Africa’s fortunes than Safaricom. It has built the world’s most widely used mobile-money network, called M-Pesa, bringing financial services to the poorest. >>

Read the rest of this entry »

April Wu

China Market Strategy

July 8, 2015

  • Tweet This
  • Share on LinkedIn
  • Share on Facebook
  • Share on Google+
  • Tweet This
  • Share by Email

Banking News This Week – Jul 8

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

1 – Abu Dhabi Islamic Bank Exploring Expansion Into SE Asia, Africa

Abu Dhabi Islamic Bank PJSC, the United Arab Emirates’ second-biggest shariah-compliant lender, is considering entering markets in South East Asia and Africa to tap demand in countries with a large Muslim population. >>

2 – African Banks Eye Cellphone Services To Lock In Customers

After being outsmarted by telecoms when they introduced money transfer services, commercial banks across the continent have woken up to the realization that they cannot dissociate their businesses from providing cellphone services. >>

3 – Philippines Welcomes More Foreign Banks

The Philippine banking industry remains attractive to foreign players due to its 100 million population and a low credit penetration. >>

4 – Banks Need to Be More Proactive with Their Customers in Mobile Banking

A recent BuzzCity survey of over 3,300 mobile customers has revealed that more people than ever are using mobile devices to make payments. >>

Read the rest of this entry »

April Wu

China Market Strategy

July 1, 2015

  • Tweet This
  • Share on LinkedIn
  • Share on Facebook
  • Share on Google+
  • Tweet This
  • Share by Email

Banking News This Week – Jul 1

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

1 – Amazon’s Loan Program for Sellers Expands Into New Markets

Amazon.com Inc will launch its business loan program for small sellers later this year in eight more countries including China, where credit is becoming a key factor in competing for new vendors and grabbing market share. >>

2 – China Automated Teller Machine Industry Report, 2014-2018, Research In China

Global and Chinese ATM markets (2013-2014) present characteristics and trends as follows. >>

3 – Three Thai Banks Join IFC’s Microfinance Push in Cambodia

Three Thai banks have joined IFC’s US$65 million syndication loan to a Cambodian microfinance institute, to boost the access to funding of micro, small, and medium rural and agricultural enterprises, most of which are owned by women. >>

4 – Clients Big Winners in Africa’s Digital Banking Boom

Clients are now increasingly getting access to services of all types via mobile devices. Their expectations of how banks and other businesses serve them are increasingly set by digitally native technology players, like Alibaba and Apple. >>

Read the rest of this entry »

April Wu

China Market Strategy

June 24, 2015

  • Tweet This
  • Share on LinkedIn
  • Share on Facebook
  • Share on Google+
  • Tweet This
  • Share by Email

Banking News This Week – Jun 24

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

1 – Nigeria Determined to Increase Banking Population

Nigeria sets 2020 goal to have 80 per cent of its population financially included in the banking system. >>

2 – Uganda: Banks Partner Telecoms to Cope With Mobile Pressure

Ugandan banks seem to have realised the threat as more of them are partnering telecoms to swiftly roll out mobile banking products to boost their customer base and increase revenue streams. >>

3 – Krungsri Set For Corporate Expansion

Bank of Ayudhya or Krungsri, a member of Mitsubishi UFJ Financial Group (MUFG), has announced strategies to expand its corporate banking business with the aim of becoming the primary bank for its corporate clients by 2017. >>

4 – Foreign Banks Enter Vietnam

As Vietnam will integrate into the ASEAN Economic Community (AEC) in 2015, not only large corporations but also foreign banks plan to strengthen their presence or expand their scale in Vietnam. >>

Read the rest of this entry »

April Wu

China Market Strategy

June 17, 2015

  • Tweet This
  • Share on LinkedIn
  • Share on Facebook
  • Share on Google+
  • Tweet This
  • Share by Email

Banking News This Week – Jun 17

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

1 – Asian banks see big business in Vietnam’s growing foreign sector

Foreign banks, especially those from Asia, are strengthening their foothold in Vietnam to cater to a growing number of multinational companies and crowd out local lenders. >>

2 – Bangkok Bank returns to Cambodia with opening of Phnom Penh branch

After a 14-year absence from Cambodia, Bangkok Bank (BBL) has launched a branch that it expects to break even in just two years. >>

3 – Vietnam’s OnOnPay launches mobile top-up service for Southeast Asia

As prepaid plans begin taking over the global mobile market, Hanoi-based OnOnPay launches to take on Thailand and Malaysia. >>

4 – The Philippines takes to banking without ATMs

Bank customers at ATM machines in the town of Santa Cruz, south of Manila. There were 217 million mobile phone transactions in the Philippines in 2013, worth $692 million a month, a 64 per cent rise in value from 2010. >>

Read the rest of this entry »

Page 9 of 18« First...7891011...Last »