April Wu

China Market Strategy

May 19, 2016

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Banking News This Week – May 19

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

banking news_cover

1 – RHB eyes Indonesian commercial banking sector

RHB Capital Bhd (RHBCap), the country’s fourth largest banking group, plans to go into commercial banking in Indonesia, possibly via mergers and acquisitions (M&As). >>

2 – SCB strives for bigger footprint in VN

VIETNAM’S booming economy is beckoning foreign investors, including Thais, so Thai banks have decided to inject more capital here to support Thai business activities and accelerate loan growth. >>

3 – VN could become upper-middle income nation

Viet Nam could reach upper-middle income status (US$22,000 purchasing power parity per capita) by 2035 by growing with sustainability, equity and social inclusion, and being a capable and accountable State, a World Bank official has said. >>

4 – Fitch: FinTech to bring big opportunities, risks for Asia banks

Large unbanked populations in countries such as India, and the emergence of tech-savvy middle classes in countries such as China, Indonesia and the Philippines, will offer significant growth opportunities for “FinTech” companies. >>

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April Wu

China Market Strategy

March 16, 2016

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Banking News This Week – Mar 16

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

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1 – Aussie companies eye Asian opportunities

The dairy co-operative is spending up to $300 million on a new factory in western Victoria to help feed the insatiable appetite for infant formula in Asia. >>

2 – Vietnam: Domestic banks look hard for foreign strategic partners

Restrictions in finance and governance force domestic banks to look for support from foreign partners to help them grow rapidly in the context of rising competition from the country’s integration into the world market. >>

3 – Thailand signs bank-access agreements with Malaysia, Philippines

Malaysia’s central bank said on Monday it has signed agreements with its counterparts in Thailand and the Philippines on market access and operational flexibility for lenders, as the Asean countries move towards an integrated banking market. >>

4 – FNB plans to cut 600 jobs, close branches

FirstRand Ltd.plans to close branches and cut jobs at its South African retail-lending unit as customers switch to digital banking and the continent’s biggest lender by market value responds to an economy on the brink of a recession. >>

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April Wu

China Market Strategy

March 9, 2016

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Banking News This Week – Mar 9

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

banking news_cover

1 – Korean banks, asset managers rush to enter Vietnamese market

From commercial banks to wealth management firms, Korean financial institutions are seeking to bolster their presence in the fast-growing Vietnam market to drive growth as the industry slows at home. >>

2 – Indonesia’s Bank Central Asia to hold back expansion due to margin squeeze

Indonesia’s biggest bank by market value Bank Central Asia (BCA) said it would hold back some expansion plans this year after regulators announced a series of measures that will lower banks’ margins. >>

3 – Facilitation:‘Branchless banking could spur GDP growth’

Branchless banking would have a positive impact on Gross Domestic Product (GDP) growth and lives of people in general. >>

4 – Standard Chartered makes retail banking paperless

MUMBAI: India’s largest foreign bank by number of branches Standard Chartered Bank on Tuesday announced the global launch of a digital tablet-based sales-and-service tool that “brings the bank” to clients. >>

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Eason Lin

Business Analyst

January 28, 2016

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Mobile payment: from data collection to trade zone analysis

KFC, McDonald's to accept Alipay in China

KFC alipay

KFC China fast food restaurants accepted Alipay mobile payments since July 2015. McDonald’s China also adapted Alipay in September 2015. Consumers now can use unique Alipay QR code in their smartphones to pay for the orders, which transactions will take only two seconds or less. It will be more convenient and efficient for both customers and cashiers. All KFC restaurants in the country only accepted cash payments in the past 27 years. Though Alipay simplifies the payment process, yet the benefit of creating consumer behavior database has been the main reason to accelerate the cooperation of these two industry giants.

For retailers in food and beverage or FMCG industry, knowing consumer behavior and target customer segments for different trade zones is as important as improving product and service quality. Classify customers into different groups in terms of different needs and characteristics to optimize its products and marketing mix for store performance improvement.

Usually, brand owners could pull out consumer behavior data from CRM database. Yet it’s hard to attract people to sign up for the membership program without big incentives such as discounts or exclusive deals. Now collecting consumer data through mobile payment makes it easier. Using big data technology to build customer profiles, to forecast the spending potential from purchase orders. Specify demographics like age, gender and behaviors like product-purchase interests in local areas. Identify high potential customers regarding different trade zones to enhance sales promotion and market strategy planning for better store performance. Different target segments in different trade zones could also be a good reference for the new store location selection, sales forecast and lease negotiations.

Mobile payment not only provides superior customer shopping experience, but supports the demands of O2O commerce. Retailers could also use big data analysis to find out who are the most desirable customers, and then create personalized offers which they are likely to buy.

 

Featured image credit : pintu360.com

 

 

April Wu

China Market Strategy

January 20, 2016

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Banking News This Week – Jan 20

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

banking news_cover

1 – Philippines’ Coins.ph teams up with 7-Eleven to offer instant deposits

Bitcoin exchange and wallet service Coins.ph has announced that it is teaming up with convenience store chain 7­-Eleven to offer instant deposits across all 1,600 of its stores in the Philippines. >>

2 – Japan majors boosting presence in Asia

Japanese megabanks are boosting their mergers and acquisitions to expand their presence all over Asia. >>

3 -PH population attracts Japan’s biggest bank

Go Watanabe, the 57-year-old managing executive officer and chief executive for Asia and Oceania of Japan’s biggest financial group, is bullish about the Philippines, given its large and young population. >>

4 – Letshego buys FBN Microfinance Bank to pursue Nigerian expansion

The acquisition of FBN MFB marks Letshego’s entry into West Africa, having successfully built a footprint in East and Southern Africa with 265,000 customers across nine countries. This development brings Letshego’s footprint to ten countries, with a customer base of over 385,000; Nigeria, in particular, has been a key target market in Letshego’s diversification plans. >>

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