綠色BN
2014-09-03

Banking News This Week – Sep 3

The top 5 banking news stories in emerging markets this week.
banking-news_cover
1 – Apple Teaming Up With Visa, MasterCard on IPhone Wallet
Apple Inc. (AAPL) plans to turn its next iPhone into a mobile wallet through a partnership with major payment networks, banks and retailers, according a person familiar with the situation.
>>

2 -Black businesses struggle in U.S. and Africa
As the United States pivots to strengthen economic ties with Africa, there’s a good chance Black-owned businesses may be left behind because of some of the same factors that limit their growth in America. >>

3 – Nigeria, Kenya, Zambia growth to accelerate
Economic growth in Nigeria, Kenya and Zambia will accelerate over the next two years while Ghana’s economy is likely to struggle in the short term as its government is forced to rein in spending, a Reuters poll showed. >>

4 – Technology allows customer acquisition to leapfrog barriers
Residents of Nairobi send funds to family or friends over their cellphones. The technology has taken off to such an extent that mobile payments now account for about a quarter of Kenya’s gross domestic product, allowing dramatic economic progress. >>

5 -Modi’s banking-for-all scheme may boost India’s rural economy
PM Narendra Modi recently announced a financial inclusion scheme, which aims to provide banking access for all Indian citizens. Experts say the initiative faces some challenges but will help the country’s economy. >>


  By April Wu 
  China Market Strategy

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