綠色BN
2016-08-18

Banking News This Week – Aug 18

The top 5 banking news stories in emerging markets this week.
banking-news_cover
1 – BI launches e-money program for Indonesian fishermen
Bank Indonesia (BI) has launched its own e-money specially designed for fishermen, named the “Lantera Card”, as part of an effort to expand non-cash transactions in Indonesia. >>

2 – Japan:Big banks lay groundwork for business growth in S.E. Asia
Major Japanese banks are strengthening their support for small and midsize enterprises seeking to exploit markets in Southeast Asian countries. >>

3 – Foreign banks make beeline for Vietnam
The number of foreign banks, especially from ASEAN member countries, to invest in Vietnam has been increasing rapidly in recent years with the opening up of the banking sector as part of the Government’s commitment to international integration. >>

4 – More Malaysian consumers embrace digital banking
Malaysia is experiencing a higher mobile and Internet banking adoption rate with only 12.5 per cent of consumers found to have never tried digital banking at least once, according to the findings of a survey undertaken by the Asian Institute of Finance (AIF). >>

5 – What banks need to watch for to survive digital disruption
Digital business models are putting banks’ revenue at risk, as third-party providers such as telecoms companies, retailers and nontraditional players like Google, Apple and Facebook extend banking services into nonbanking digital ecosystems. >>


  By April Wu 
  China Market Strategy

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