The top 5 banking news stories in emerging markets this week.
1 – Apple Pay Won’t Replace Your Local Bank Branch, Analyst Says
The advent of Apple Pay doesn’t mean bank branches will go the way of video stores or the horse and buggy, says one prominent banking analyst. >>
2 – 8 Philippine banks make it to global rankings list
The SM group’s banking arm BDO Unibank Inc. has kept its bragging rights as the Philippines’ top bank in the Top 1,000 Global Banks Ranking 2014 report of British publication The Banker. >>
3 – Nigerian banks to design ways to remain competitive
According to a report by Afrinvest Research, the banking industry will be driven by a totally new set of dynamics as we proceed further into 2014 and beyond. Nigerian banks are forced to design ways to ride the tide and remain competitive within the industry. >>
4 – Can Indonesia’s banks go digital to fuel faster growth?
Much of the answer lives in a single word: Digital. As we are learning from banks in every part of the world, banks in Indonesia that invest to develop new digital interfaces to serve customers and improve the value proposition will boost loyalty and outpace their rivals in growth. >>
5 – Will Digitalisation Sweep Away Bank Branches?
MUMBAI: Even as many younger executives see an exponential rise in use of technology in banking senior bankers at a seminar here said while the character of a bank branch will change, its future still remains reasonably safe. >>