April Wu

China Market Strategy

December 23, 2015

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Banking News This Week – Dec 23

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

1 – Vietnamese banks could be taken over by regional big banks

When the ASEAN Economic Community takes effect, Vietnam will have to allow up to 70 percent of foreign ownership ratio in Vietnamese banks. >>

2 – Vietnam : Commercial banks rush to enter retail services

Banks in the last three years have rushed to provide retail banking services, encouraged by the increased spending of middle-class income earners. Fifty-three percent of the 95 million population are of working age. >>

3 – Mobile payments may make their impact on business

According to Gartner, half of consumers in developed economies such as North America, Western Europe and Japan will use smartphones or wearable technologies to make payments by 2018. >>

4 -China Unionpay partners with banks on mobile payments

China Unionpay, the country’s dominant card-payment processor, launched a mobile payment service called Quickpass with over 20 of the country’s banks. >>

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April Wu

China Market Strategy

December 9, 2015

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Banking News This Week – Dec 9

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

1 – China Bank to open 11 branches in December

Philippines — China Banking Corporation is set to open 11 more branches in major business districts in Metro Manila next month, in a bid to expand its presence and reach more clients. >>

2 – WeChat launches its peer-to-peer mobile wallet in South Africa, no bank account required

Chinese Internet giant Tencent this week rolled out WeChat Wallet, an ewallet that lives within the main WeChat mobile messenger app, in South Africa. >>

3 – South Africa: Banks failing to exploit online, mobile

According to the study the majority of banks (87%) perform less than 10% of sales via digital, and for one in five banks, this figure falls to less than 1% of sales. >>

4 -Banks still some way from leading mobile revolution

As part of efforts to be at the frontline of the mobile revolution, banks are launching new apps to promote the use of mobile banking among customers. However, they still have some way to go, with consumers looking for more and better features. >>

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April Wu

China Market Strategy

November 25, 2015

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Banking News This Week – Nov 25

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

1 – Banking sector must accelerate reform efforts, say experts

In 2015, due to the explosion of information technology as well as the strong growth of electronic services all over the world, banking services on the platform of mobile devices are developing rapidly in Viet Nam. >>

2 – Peppermint Innovation to build m-Pesa for the Philippines, list on ASX

Peppermint Innovation Ltd, an Australian mobile banking technology platform, is in the business of providing vital access to banking services for millions of people not currently linked to traditional banks. >>

3 – Baidu teams with Citic Bank to join China’s online banking wave

Baidu Inc., the Chinese Internet search company, is teaming up with China Citic Bank Corp. to join the wave of online lenders altering a financial industry traditionally dominated by the big state banks. >>

4 – Lot of contacts in your mobile phone may get you loans

They have no bank account, no credit score, no financial identity. So a quarter of humanity hasn’t been able to borrow money. Until now. >>

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April Wu

China Market Strategy

November 11, 2015

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Banking News This Week – Nov 11

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

1 – Indonesia eyeing Cambodia’s banking sector

Indonesia’s financial regulator, Financial Services Authority (OJK), is planning bilateral agreements with Cambodia and five other countries to pave the way for its banks to expand their presence in Asia. >>

2 – Most Asean banks enter tough environment from position of strength: Fitch says

A tougher operating environment amid sluggish economic growth, depreciating currencies and softer commodity prices will continue to challenge banks in many parts of Asean, Fitch Ratings said this week. >>

3 – Diamond Bank urges customers to embrace digital banking

Diamond Bank, one of the leading new generation and innovative bank in Nigeria, has urged its customers to embrace technology and indeed digital banking as it offers the best of service in the banking industry. >>

4 – Interswitch launches Verve card in Uganda

Digital payment service provider Interswitch Uganda is set to launch new ATMs and Point of Sale (POS) terminals. CEO Olumuyiwa Asaagba said Interswitch will be introducing a new card known as Verve, which he said is more secure than the current cards being used by various banks in the region. >>

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April Wu

China Market Strategy

November 4, 2015

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Banking News This Week – Nov 4

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

1 – EastWest continues rapid network expansion

Manila : One of the fastest-growing banks in the country today, the bank plans to open 20 to 30 new branch stores in 2015, mostly in tertiary locations, to capitalize on the anticipated economic growth in rural areas. >>

2 – Mergers, acquisitions important move in restructuring banking system: experts

What is new in 2015, the last year of the three-year project on restructuring the banking system, is the acquisition of small healthy banks by major State-run commercial banks, the World Bank said in a recent report on Vietnam’s economic development. >>

3 – Smartphone boom will drive African data explosion

Vodacom chief executive Shameel Joosub says that the availability of low-cost handsets opens up huge markets for media and financial products on a continent that embraced the cellphone at an incredible rate. >>

4 – Biggest Kenyan bank seeks to strengthen east Africa position

Kenya Commercial Bank Ltd., the country’s biggest lender by assets, is seeking to strengthen its position in three countries in the region to expand its international presence. >>

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