April Wu

China Market Strategy

February 8, 2017

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Banking News This Week – Feb 8

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

banking news_cover

1 – Fintech Talk: Fintech in Indonesia: Between fragmentation and financial inclusion

As of December 2016, the Indian government, through the ambitious Aadhaar project, managed to register 1.09 billion people, or 85 percent of the country’s population, into its system. >>

2 – Vietnamese banks named among world’s most valuable brands

BIDV, Vietinbank and Vietcombank have once again been listed in the top 500 banking brands compiled by Brand Finance. >>

3 – New mobile payment system launched in Thailand as part of National E-payment initiative

According to news reports, an interbank mobile payments system, called PromptPay, was launched in Thailand on 27 January. PromptPay is one of several initiatives under the Thai government’s National E-payment initiative, which began to take shape in December 2015. >>

4 – Nigeria: Five Nigerian banks make World’s Top 500 Banking Brands

With $301 million brand value, First Bank ranked 357 led Guaranty Trust Bank, GTB, ranked 395 with a brand value of $258 million, and Zenith Bank 414 with a brand value of $247 million. Access Bank followed at 476 with a brand value of $182 million and the United Bank for Africa (UBA) with a brand value of $172 million ranked 487 in the world. >>

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April Wu

China Market Strategy

January 25, 2017

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Banking News This Week – Jan 25

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

banking news_cover

1 – KBank keen to buy Indonesian banks

THAILAND’S fourth-largest bank, Kasikornbank (KBank), is exploring the possibility of acquiring banks in Indonesia, but acknowledges this is a challenging goal due to the Indonesian regulator’s rules concerning foreign ownership of local banks. >>

2 – Peer-to-peer lending needs big data to have a future

This new system allows individuals to lend to each other online and removes the intermediary (bank) in between. >>

3 – Bright prospects seen for digital banking in Vietnam

According to a report discussed at a workshop held recently in HCM City, Vietnam posts an internet growth rate of 9% a year, ranking 15th in the world. The number of internet users accounts for 52% of the country’s population. About 44% of customers at commercial banks have used digital services. >>

4 – Thai digital-payment system may save banks $2 billion

Thailand is due to roll out a national digital-payment system that levies much smaller transaction fees than the nation’s banks. Yet lenders expect the network to help rather than hinder them financially. >>

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April Wu

China Market Strategy

December 1, 2016

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Banking News This Week – Dec 1

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

banking news_cover

1 – ANALYSIS; Peer-to-peer lending: A new form of financial inclusion

The involvement of financial technology (fintech) companies in the field of peer-to-peer (P2P) lending has attracted attention from the public and regulators, namely the Financial Services Authority (OJK) and Bank Indonesia (BI). >>

2 – The Filipino startup disrupting the pawn shop industry

In contrast to the number of unbanked, the Philippines has a high mobile penetration rate, with three in 10 people owning smartphones. >>

3 – Fintech seen as threat to business of financial institutions

While the emergence of financial technology (fintech) was seen as the crucial catalyst in spearheading transformation in the field of financial services, a whopping 82% of Malaysian financial institutions saw fintech as a threat to their businesses. >>

4 – Small firms in Vietnam lack access to bank credit, business group says

Only 30 percent of small and medium-sized companies manage to take out loans from banks. >>

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April Wu

China Market Strategy

November 24, 2016

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Banking News This Week – Nov 24

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

banking news_cover

1 – Integration is slowly taking hold in ASEAN’s banking sector

Although bank regulators in Southeast Asia are making only slow progress in opening up the region’s financial industry, banks are managing to spread their wings through mergers and acquisitions, and using digital technology. >>

2 – Vietnamese banks urged to go digital

Digital banking has assumed crucial importance in the development of Viet Nam’s banking system, Dao Minh Tu, deputy governor of the State Bank of Viet Nam (SBV) stressed at a recent conference. >>

3 – African mobile subscriptions will exceed 1bn by year’s end, says report

Africa is expected to exceed one billion mobile telecoms subscriptions in the fourth quarter of 2016, reaching 1.02bn by the year’s end, according to a new report. >>

4 – Foreign banks raise Philippine economic growth forecastsr

Foreign investment banks HSBC, Nomura, and Barclays have raised their economic growth forecasts for the Philippines after a strong performance in the third quarter. >>

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April Wu

China Market Strategy

October 19, 2016

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Banking News This Week – Oct 19

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

banking news_cover

1 – Commercial Bank of Africa targets growth in SME market

The Commercial Bank of Africa (CBA) has introduced a revamped Business Banking proposition, aimed at strengthening the banks position in the Kshs. 807 trillion Small and Medium Enterprises (SME) market. >>

2 – Mobile banking users in Indonesia remains low

Research institute Microsave reported that only 0.73 percent of cellphone users in Indonesia have utilized online financial services. >>

3 – VN banks playing catch-up to online buyers

As the country moves toward deeper integration, banks are striving to improve their information and technology systems in order to catch up with new trends and to ensure customer safety. Globalization and interconnectivity come with information and technology risks. In addition, the presence of financial technology (fintech) also has reshaped the financial services sector. >>

4 – Payment solutions key to e-commerce success in the Philippines

While online retail has seen a boost with the popularity of e- and m-commerce channels, supporting business processes like payments must mature for e-commerce to be truly viable in the country. >>

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