April Wu

China Market Strategy

November 26, 2014

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Banking News This Week – Nov 26

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

1 – Nigeria: Diamond Bank in $147m boost

CARLYLE Group invested $147 million (R1.6 billion) in Diamond Bank as it seeks to expand in Africa’s largest economy. >>

2 -Battle looms over mobile pay systems

China’s thriving mobile payment market will witness a new battle for dominance between Apple Inc and its local smartphone rivals, with industry insiders anticipating a direct showdown between Apple Pay and a home-grown digital wallet service in late 2015. >>

3 – SCB to broaden overseas footprint through Mizuho partnership

Thailand’s third-largest bank by assets, Siam Commercial Bank, has formed a strategic partnership with Mizuho Bank, one of Japan’s mega-banks, to strengthen SCB’s overseas business. >>

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April Wu

China Market Strategy

November 19, 2014

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Banking News This Week – Nov 19

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

1 – Business leaders confident about growth in APEC economies

By surveying 635 CEOs and industry leaders across 39 nations with operations in APEC economies, the report shows that 46 percent of executives are ‘very confident’ in revenue growth over the next 12 months, up from 36 percent in 2012. >>

2 -Smaller markets sprout bank innovation

Banks in fast-growing and rapidly developing markets display higher levels of ambition for becoming innovation leaders in delivering superior customer value, primarily by investing more in research and development, compared to peers in mature markets. >>

3 – Internet banking a game changer in China

The Internet is transforming the way people do banking in China, according to a senior official from the People’s Bank of China, the central bank. >>

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April Wu

China Market Strategy

November 12, 2014

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Banking News This Week – Nov 12

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

1 – PH mobile banking tops in Asia

The Philippines provides the best access to financial services to people among 12 countries in Asia, reflecting the central bank’s efforts to boost inclusion and tackle poverty, an Economist Intelligence Unit study shows. >>

2 -Is the mobile phone the new bank?

(CNN) —The use of mobile phones to transfer money, make payments and access financial services has revolutionized the lives of millions of people who have never had access to traditional banking services. >> Read the rest of this entry »

April Wu

China Market Strategy

November 5, 2014

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Banking News This Week – Nov 05

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

1 – Africa: Survey Shows Huge Growth Potential for E-Retailers in Africa

Africa offers enormous growth potential for e-retailers given that online shopping is in its infancy in the region. The recently released ‘Shop the World!’ report reveals that emerging markets offer the highest growth potential for the e-commerce industry. >>

2 -Tanzania: First Mortgage Bank Arrives in Tanzania

Mortgages Finance Tanzania Limited is a greenfield mortgage finance bank being set up in Tanzania in partnership with Bank “M” Tanzania Limited, a local bank.Bank M Tanzania Limited (Bank M) is a fully-fledged commercial bank and one of the fast growing commercial banks in the country. >>

3 – Banks in emerging markets invest to gain innovation leadership

Banks in emerging countries such as India, Brazil, Malaysia and Russia are more likely to have an innovation strategy in place and invest in R&D so as to become innovation leaders, says an Infosys-Efma study. >>

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April Wu

China Market Strategy

October 29, 2014

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Banking News This Week – Oct 29

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

1 – The death of the branch? Or is mobile over-hyped?

Do banks still need branches, or does the smartphone make a physical presence obsolete? Panellists disagreed during a spirited debate hosted by ATM maker Wincor Nixdorf in Istanbul last week. >>

2 -Online financing, rising costs squeeze profits at China’s midsize banks

Squeezed between cut-throat competition from online financing firms and rising funding costs, China’s midsize banks are falling out of investors’ favor as they increasingly lag behind the country’s top five lenders. >>

3 – Contact centre boost for African banks

The banking sector in Africa is becoming increasingly competitive on the continent. Contact centres can provide financial service organisations with an edge. They can assist to improve customer service, drive sales, lower the cost of products, ensure compliance and better manage risk. >>

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