April Wu

China Market Strategy

October 22, 2014

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Banking News This Week – Oct 22

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

1 – Official Launch of Ant Financial Services Group Brings New Financial Ecosystem to China

Small and Micro Financial Services Company today announced its official name change to Ant Financial Services Group (“Ant Financial”). Formerly known as Small and Micro Financial Services Company, Ant Financial initiated its formation process in early 2013 and is comprised of Alipay, Alipay Wallet, Yu’e Bao, Zhao Cai Bao, Ant Credit and MYbank which is currently being established. >>

2 -Kenya: 93 Percent of Kenya’s Consumers Using Mobile Devices for Banking

Kenya remains the king of mobile banking, with 93 per cent of consumers using their mobile device to perform banking, but there is also significant usage in the Middle East (78 per cent) and Nigeria (85 per cent up from 76 per cent in 2013). >>

3 – Banks Face Powerful Competitors In The Payments Business

The global payment business is growing at a healthy pace and by 2018 will account for 43 percent of all banking revenue.The digital transformation of payments, particularly through smartphones and tablets, is helping to grow merchant payments. >>

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April Wu

China Market Strategy

October 15, 2014

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Banking News This Week – Oct 15

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

1 -Messaging giant Line to launch mobile payment service in Japan

Japanese messaging app provider Line has introduced mobile payment and other new services that will be launched by the end of the year. >>

2 – Tweet to Pay as Bank Starts Twitter Money Transfers

Officials from Groupe BPCE, France’s second-largest bank by branches, and its online-payment unit S-Money will unveil details of the service tomorrow at a press event in Paris. Twitter users will be able to “send money to other users easily, rapidly, securely and free of charge with a simple tweet,” BPCE said last month in a statement previewing the feature. >>

3 – China calls on banks to boost mortgage securities market

The mainland’s central bank and banking regulator have called on lenders to create a larger mortgage-backed securities market as part of an effort by the central government to revive a flagging real estate sector. >>

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April Wu

China Market Strategy

October 1, 2014

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Banking News This Week – Oct 1

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

1 -Alibaba wins licence for private bank in China

Chinese e-commerce company Alibaba Group has won approval from China’s bank regulator to launch a private commercial bank in its home city of Hangzhou. >>

2 – New challengers, and challenges, force banks to reinvent in the new age of the customer

News that Apple is upping its game in mobile payments serves as another reminder that traditional banks are increasingly under siege. Aside from managing a growing mountain of regulatory requirements and escalating margin pressures, financial institutions face the emergence of formidable competitors, often from companies in the retail and communications sectors that haven’t traditionally operated in this space.  >>

3 – Kenya’s economy joins Africa’s top 10

Nairobi – Kenya’s gross domestic product was estimated to be 25 percent bigger after the authorities changed the base calculation year to 2009 from 2001, sending the east African nation into the continent’s top 10 economies. >>

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April Wu

China Market Strategy

September 24, 2014

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Banking News This Week – Sep 24

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

1 – ‘Dinosaur’ Private Banks Face Tech Threat, ABN Amro Says

Private banks that fail to embrace information technology and mobile services are at risk of becoming “dinosaurs,” says an executive at ABN Amro Group NV. >>

2 – DSWD, BPI Globe BankO try to achieve financial literacy for the poor

The Department of Social Welfare and Development (DSWD) is seeking to teach Filipinos the habit of saving through its sustainable livelihood program (SLP) and the financial literacy program of Bank of the Philippine Islands (BPI), Globe Telecom Inc. and mobile banking arm BankO. >>

3 – The brave new world of mobile banking

Let’s see how mobile has changed banking at a fundamental level. Firstly, of all known channels it affords the most direct and instantaneous connection between the bank and its customer. Secondly, it has raised the ante for the quality of software that a bank deploys – customer experience, performance and width of services have become critical. >>

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Joshua Roberts

Creative Director

July 30, 2013

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QSR Chains Eye India

Despite slowdowns, quick service restaurants look to India.

Slowdown blues do not seem to have affected international quick service restaurant chains (QSR), with a couple of them making a beeline for India. From South Africa’s Debonairs Pizza to UK’s Yo Yo Noodle, the new entrants in the QSR category find the ‘large’ Indian market more appetizing compared with their shrinking markets back home. Read the rest of this entry »

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