綠色BN
2014-11-26

Banking News This Week – Nov 26

The top 5 banking news stories in emerging markets this week.
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1 – Nigeria: Diamond Bank in $147m boost
CARLYLE Group invested $147 million (R1.6 billion) in Diamond Bank as it seeks to expand in Africa’s largest economy. >>

2 -Battle looms over mobile pay systems
China’s thriving mobile payment market will witness a new battle for dominance between Apple Inc and its local smartphone rivals, with industry insiders anticipating a direct showdown between Apple Pay and a home-grown digital wallet service in late 2015. >>

3 – SCB to broaden overseas footprint through Mizuho partnership
Thailand’s third-largest bank by assets, Siam Commercial Bank, has formed a strategic partnership with Mizuho Bank, one of Japan’s mega-banks, to strengthen SCB’s overseas business. >>

4 -Rwanda: ICT Investment, Innovation, and Beyond
Rwanda has the fifth highest level of mobile money penetration in the world and Rwanda is one of the nine countries in the world with more mobile wallets (Mobile Money Accounts) than the number of bank accounts attained in 2013. >>

5 – ING cuts 1,700 jobs as part of digital push
ING, the largest Dutch bank, said on Tuesday it would scrap 1,700 jobs over the next three years as part of an online banking push and would book a provision of 320 million euros (S$518.75 million) in the fourth quarter to finance them. >>


  By April Wu 
  China Market Strategy
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