April Wu

China Market Strategy

June 24, 2015

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Banking News This Week – Jun 24

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

1 – Nigeria Determined to Increase Banking Population

Nigeria sets 2020 goal to have 80 per cent of its population financially included in the banking system. >>

2 – Uganda: Banks Partner Telecoms to Cope With Mobile Pressure

Ugandan banks seem to have realised the threat as more of them are partnering telecoms to swiftly roll out mobile banking products to boost their customer base and increase revenue streams. >>

3 – Krungsri Set For Corporate Expansion

Bank of Ayudhya or Krungsri, a member of Mitsubishi UFJ Financial Group (MUFG), has announced strategies to expand its corporate banking business with the aim of becoming the primary bank for its corporate clients by 2017. >>

4 – Foreign Banks Enter Vietnam

As Vietnam will integrate into the ASEAN Economic Community (AEC) in 2015, not only large corporations but also foreign banks plan to strengthen their presence or expand their scale in Vietnam. >>

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April Wu

China Market Strategy

June 17, 2015

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Banking News This Week – Jun 17

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

1 – Asian banks see big business in Vietnam’s growing foreign sector

Foreign banks, especially those from Asia, are strengthening their foothold in Vietnam to cater to a growing number of multinational companies and crowd out local lenders. >>

2 – Bangkok Bank returns to Cambodia with opening of Phnom Penh branch

After a 14-year absence from Cambodia, Bangkok Bank (BBL) has launched a branch that it expects to break even in just two years. >>

3 – Vietnam’s OnOnPay launches mobile top-up service for Southeast Asia

As prepaid plans begin taking over the global mobile market, Hanoi-based OnOnPay launches to take on Thailand and Malaysia. >>

4 – The Philippines takes to banking without ATMs

Bank customers at ATM machines in the town of Santa Cruz, south of Manila. There were 217 million mobile phone transactions in the Philippines in 2013, worth $692 million a month, a 64 per cent rise in value from 2010. >>

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April Wu

China Market Strategy

June 10, 2015

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Banking News This Week – Jun 10

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

1 – East Africa: Online Banking Still a Challenge to Many Kenyans – Study

Online banking still remains a challenge to many people even as the smart phone penetration in Kenya experiences substantial growth due to increase in internet and mobile connectivity which has seen many local banks introduce online banking services at low rates. >>

2 – Nigeria’s Diamond Bank Reaches the Underbanked

By focusing on improving the financial lives of the underbanked and capitalizing on the popularity of mobile apps and payments in the country, the $10 billion-asset Diamond Bank has achieved significant growth. >>

3 – 53% Indians worry over security in mobile financial services: Survey

Fifty-three per cent of Indian respondents to a recent survey conducted by a US-based company have cited security as a concern on the use of mobile financial services (MFS). >>

4 – ‘Land of no return’ becomes frontier for PHL mobile banking

It’s one of 604 municipalities in the Philippines that don’t have a bank, a deficit the monetary authority is trying to overcome by encouraging the adoption of mobile phone transactions. >>

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April Wu

China Market Strategy

June 3, 2015

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Banking News This Week – Jun 3

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

1 – Future of banking in Africa is mobile

“In the next three to five years the vast majority of our transactions will be performed on smart-mobile devices.” Retail banking is experiencing a seismic shift in customer behaviour thanks to the digital revolution that continues to effect fundamental changes in the way businesses and individuals transact. >>

2 – Nigeria: Banking in uncertain times

New capital requirements, electricity sector risks and the impacts of naira depreciation are hurdles banks face while adjusting to a new administration in Abuja. >>

3 – Viet Nam ministry backs wholly foreign-owned bank

The Ministry of Planning and Investment (MPI) has recommended the Prime Minister to direct the State Bank of Viet Nam to issue a licence to Singapore’s United Overseas Bank (UOB).The move is aimed at facilitating the opening of a wholly foreign-owned bank in Viet Nam. >>

4 – Metrobank, Bank of Yokohama tie up to serve Japanese clients

Metropolitan Bank & Trust Co. (Metrobank) and The Bank of Yokohama (BOY) have entered into an alliance to facilitate banking services for Japanese clients in the Philippines. >>

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April Wu

China Market Strategy

May 27, 2015

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Banking News This Week – May 27

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

1 – Mobile money transfers surge

The revolution spurred by mobile money transfer is in sharp contrast to a country teetering on the brink of collapse after inflation ravaged Zimbabwe’s currency. >>

2 – GTEasySavers: GTB targets 55m unbanked via Etisalat

In line with the Central Bank of Nigeria’s financial inclusion policy, Guaranty Trust Bank yesterday disclosed that it is partnering Etisalat Nigeria to reach 55 million adults who are yet to be banked. >>

3 – Unbanked and under-banked consumers are potential profitable segment for banks

According to Timetric’s Analyst, Amit Verma: “About two billion people across the world lack a bank account and more than one billion in the developing countries still use cash to pay their bills. Poverty, illiteracy, irregular income and complexities involved in opening a bank account compel them to depend upon alternative financial service providers. >>

4 – How long before transactional banking is dead in Africa?

The mobile money revolution that has encapsulated sub-Saharan Africa over the last decade is expected to disrupt the region’s financial sector further by totally wiping out brick and mortar transactional banking. >>

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