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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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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