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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April Wu

China Market Strategy

September 23, 2015

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Banking News This Week – Sep 23

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

1 – Asia at the epicentre of the digital banking shakeup

The rise of the digitally-savvy customer with more sophisticated expectations is also driving change in the way banking as a service is consumed. >>

2 – Malaysia Banking : Staff cuts gather momentum

As economic growth slows, and uncertainties caused by falling commodity prices mount, heads have begun to roll at Malaysian banks. >>

3 – Analysis: Omnichannel, a future for Indonesia banking industry

With omnichannel, bank provides seamless, consistent and unified information on different channels, therefore consumer will experience the same services regardless their selected channels. >>

4 – Philippines : Over 200 new bank branches open in Q2

The Bangko Sentral ng Pilipinas (BSP) has given major banks as well as thrift, rural, and cooperative banks the green light to open more than to 200 branches nationwide in the second quarter of the year. >>

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April Wu

China Market Strategy

September 16, 2015

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Banking News This Week – Sep 16

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

1 – Charting a course in mobile banking

The floating bank is the brainchild of Bank Rakyat Indonesia (BRI), which wants to offer banking and loan services to residents on remote islands belonging to the Thousand Islands province, north of Jakarta. >>

2 – Banks rush to ask for higher foreign-ownership rate

VietinBank, one of Vietnam’s largest commercial banks, is considering raising the foreign ownership ratio to 40 percent. If the bank’s proposal is approved by the State Bank of Vietnam (SBV), it will be the first bank with a foreign ownership of over 20 percent. >>

3 – Bankers target Africa

Standard Bank has sealed a cooperation agreement with South Korea’s Woori Bank and the Industrial and Commercial Bank of China (ICBC) to promote an African focused business venture among the three entities. >>

4 – African banking must innovate to compete

Mainly, these centered on coping with the transition to digital, the need to change their business models, ensuring revenue on transactions and competing with a growing number of non-traditional entrants to the banking market. >>

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April Wu

China Market Strategy

September 9, 2015

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Banking News This Week – Sep 9

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

1 – Kenya’s I&M holdings says plans to buy Giro commercail bank

Kenya’s I&M Holdings said on Monday it planned to buy a locally-owned Giro Commercial Bank for an undisclosed amount. >>

2 – Accessibility to financial services: the key to fighting Africa’s poverty?

Despite being difficult to access, financial services in Africa are a tool in the fight against poverty and increasing development. >>

3 – East Africa emerges as a trade hub

East Africa is emerging as a trade hub to rival sub-Saharan Africa’s two heavyweight states of South Africa and Nigeria, according to analysis by Barclays published on Thursday. >>

4 – ASEAN banks to accelerate branch presence in Viet Nam

The number of banks from ASEAN countries is expected to increase in Viet Nam in the coming years as the domestic banking market opens following the carrying out of regional integration commitments. >>

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