April Wu

China Market Strategy

October 28, 2015

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Banking News This Week – Oct 28

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

1 – Vietnam on track to replace China as new manufacturing hub: experts

With increasing foreign direct investment (FDI) flows into its manufacturing sector, Vietnam stands a great chance of leaping ahead and replace China as the new production center. >>

2 – Malaysia’s AmBank Group increases digital banking spend

Malaysia’s AmBank Group is remodelling its retail banking services with a digital boost, in a move that could give confidence to banks across the Association of Southeast Asian Nations (Asean) region. >>

3 – Six trends shaking up transaction banking

It was an opportune time. Despite immediate conditions, Asia will be the centre for business growth, trade and investment flows for banks and corporates for decades to come. >>

4 – New report explores the mobile banking services in Africa: the emergence of mobile savings, credit and insurance

The mobile money market has been evolving quickly and the African region is witnessing the emergence of mobile banking services including savings, credit and insurance. >>

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April Wu

China Market Strategy

October 21, 2015

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Banking News This Week – Oct 21

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

1 – Foreign banks prepare for opportunity to open subsidiaries in India

A recent change in regulations allows foreigners to create Indian subsidiaries, freeing them from restrictions on acquisitions and branches. >>

2 – Vietnam: Citi to set up unit to design mobile banking solution

Citigroup Inc’s consumer banking unit said it would set up a unit, Citi FinTech, for designing a “radically simple, connected mobile banking solution.” >>

3 – Mobile banking services in Africa: the emergence of mobile savings, credit and insurance

Mobile money services has a huge potential for revenue generation for telcos, owing to relatively low penetration of banking services (around 29% of the population) and mobile phones (which is nearly 80% of the population). >>

4 – Singapore: Banks exploring plan for money transfers using mobile numbers

A bold new plan to enable money transfers using only mobile phone numbers is being explored as the banking industry looks at ways to improve payment technologies. >>

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April Wu

China Market Strategy

October 14, 2015

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Banking News This Week – Oct 14

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

1 – Australia’s ANZ to expand in China as Asia strategy evolves

Australia and New Zealand Banking Group will expand its customer base in China and lengthen the tenure of loans to its top customers as part of the”evolution” of its Asia strategy. >>

2 – Foreign banks prepare for opportunity to open subsidiaries in India

The Royal Bank of Scotland (RBS) has joined a long line of international banks retrenching from India. However, Standard Chartered and HSBC both insist that their operations in Asia’s third-largest country are on a very different path. >>

3 – ‘E-payment channels’ security drives cash-less banking’

Cash-less banking thrives on convenience and security of the e-payment channels. Bank customers would use e-payment cards or cash, depending on which of them is convenient for them. >>

4 – Dubai eyes Africa’s “untapped” Islamic markets

Launched in association with the Economist Intelligence Unit (EIU) the highlights pointed to the growing demand in Kenya Ethiopia and South Africa markets for Islamic finance products and banking instruments in asset management and takaful sectors. >>

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April Wu

China Market Strategy

October 7, 2015

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Banking News This Week – Oct 7

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

1 – Mobile phones a boon for Tanzanian women in business

Two-thirds of Tanzanians own a phone, but only four in 10 women are phone owners, according to government data. >>

2 – Philippine banks lead in retail financial services

Asia Pacific’s retail financial services market will be worth $824 billion by 2020. Increasing consumption and improved access to financial services in combination with mobile banking technologies, will be key catalysts in driving retail banking income between 2015 and 2020. >>

3 – Are 15 banks enough for Vietnam?

Many commercial banks have merged in the last few years in a bank restructuring programme initiated by the State Bank, which has led to a significant decrease in the number of commercial banks in Vietnam. >>

4 – Omnichannel in emerging nations holds omni-clues

Useful to U.S. financial institutions as a mirror to their own strategic plans, a study covering 15 emerging countries in Asia, Middle East, and European markets highlights the growing focus on omnichannel adoption. >>

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April Wu

China Market Strategy

September 30, 2015

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Banking News This Week – Sep 30

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

1 – Sending cash home: mobile money is a gamechanger

With more mobile money accounts than bank accounts in Burundi, the country is a good testing ground for trialling remittances by mobile. >>

2 – Kenyans can now buy government bonds through their cellphones

Kenyan retail investors will be able to buy government bonds and receive interest through their mobile wallets, under a new government initiative, ‘M-Akiba’. >>

3 – Global consumer survey: 68 percent of respondents not using mobile financial services

A new global survey around mobile financial services (MFS) revealed that more than 68 percent of the respondents have yet to use mobile financial services, and that new innovative solutions for savings, loans, and insurance will drive the next phase of mobile financial services growth across emerging and mature markets. >>

4 – Going for alternate mobile money channels

Banks are abandoning telecommunication networks to create alternate channels to support mobile money platforms and give subscribers value for their money. This new digital platform may define the success of mobile payment in future without involving telcos. >>

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