綠色BN
2015-04-08

Banking News This Week – Apr 8

The top 5 banking news stories in emerging markets this week.
banking-news_cover
1 – CBN approves 2 models of mobile money services
The Regulatory Framework and Guidelines on Mobile Money Services in Nigeria is­sued by CBN on its website, classified the services as bank led, which is a bank and/or its consortium as lead initiator and non-bank led, which is a corporate organisation duly licensed by CBN as lead ini­tiator. >>

2 – Over 700 million in Asia already bank digitally
According to a new report from McKinsey & Company, smartphones and high speed Internet access are transforming banking habits in Asia where over 700 million people already regularly conduct transactions online. >>

3 – M-commerce boom in Philippines as smartphone penetration increases
M-commerce is booming in the Philippines, thanks to a young, digitally-connected population, better payment options and a bigger variety of vendors. >>

4 – Banking On Southeast Asia’s E-Commerce Future
McKinsey has identified three powerful trends fuelling this rise – rapid economic growth, urbanization and technology adoption (notably Internet penetration and mobile technologies). Together these are transforming the region, its people and its economies, with e-commerce and m-commerce leading the way. >>

5 – Multi-banking a trend in South Africa
South African consumers are fond of multi-banking: a trend where businesses and individuals prefer to bank with more than one banking partner. According to an annual business tracking survey done by TMS, 14% of small businesses do not have a “main bank”. >>


  By April Wu 
  China Market Strategy

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