綠色BN
2015-07-08

Banking News This Week – Jul 8

The top 5 banking news stories in emerging markets this week.
banking-news_cover
1 – Abu Dhabi Islamic Bank Exploring Expansion Into SE Asia, Africa
Abu Dhabi Islamic Bank PJSC, the United Arab Emirates’ second-biggest shariah-compliant lender, is considering entering markets in South East Asia and Africa to tap demand in countries with a large Muslim population. >>

2 – African Banks Eye Cellphone Services To Lock In Customers
After being outsmarted by telecoms when they introduced money transfer services, commercial banks across the continent have woken up to the realization that they cannot dissociate their businesses from providing cellphone services. >>

3 – Philippines Welcomes More Foreign Banks
The Philippine banking industry remains attractive to foreign players due to its 100 million population and a low credit penetration. >>

4 – Banks Need to Be More Proactive with Their Customers in Mobile Banking
A recent BuzzCity survey of over 3,300 mobile customers has revealed that more people than ever are using mobile devices to make payments. >>

5 – When Global Banking Standards Conflict With Local Needs
Central banks in the developing world are caught between adhering to international banking standards and serving potential customers who are unable to meet those standards, as greater access to banking services becomes a mainstream policy goal. >>


  By April Wu 
  China Market Strategy

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