綠色BN
2014-06-18

Banking News This Week – June 18

The top 5 banking news stories in emerging markets this week.
banking-news_cover
1 – PayPal expands payment services to Nigeria, 9 other markets
PayPal is entering 10 new countries this week, including Nigeria, providing online payment alternatives for consumers via mobile phones or PCs in markets often blighted by financial fraud. 
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2 – Foreign banks stepping up efforts to groom local staff
Foreign banks here say they are committed to developing a Singaporean core, stepping up efforts to groom and keep local talent.
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3 – UnionPay enters Australia’s largest banking network
China UnionPay and the Australia Post (Auspost) on Monday launched their cooperation for acceptance of bank cards issued by the world’s largest card organization, indicating the expansion of the Chinese financial giant into Australia’s largest retail and banking network.
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4 – India Third-Most Affected by Online Banking Malware: Report
The use of Internet has improved the overall banking services in India, but, it has also led to a heightened activity by cybercriminals making the country the third-most affected globally by online malware, a report by cyber-security firm Trend Micro said.
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5 – Asia poised to become main driver of Islamic banking in near future
Asia presents huge developmental potential for Islamic finance and is likely to be the main driver of Islamic banking growth in the near future, given the untapped potential in India, Bangladesh and Indonesia, a report said.
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  By April Wu 
  China Market Strategy

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