The top 5 banking news stories in emerging markets this week.
1 -S. Korean banks go overseas to find new sources of profit
Major South Korean banks are turning their eyes to overseas markets as low interest rates and a policy push aimed at expanding financial services for consumers are making their home turf a difficult place to earn money. >>
2 -500 startups steps into Vietnam to expand its reach in southeast Asia
500 Startups, the U.S.-led VC firm, is continuing its push into Southeast Asia after it hired two partners in Vietnam, a signal that it may be about to launch a local fund for startups the country. >>
3 – Could mobile money be the answer to financial inclusion in the developing world?
With its mobile money segment showing “encouraging growth” in the first half of 2015, leading emerging mobile markets operator in Africa and the Middle East MTN emphasized that “the continued roll-out of MTN Mobile Money and broader financial services remains a priority”. >>
4 – GCC bankers gear up to discuss future of banking technology
More than 450 GCC bankers will come together next month at a leading banking technology and innovation event in Dubai this month. >>
5 – BPI to gain full control of BPI Globe BanKO
Ayala-led Bank of the Philippine Islands (BPI) is set to consolidate and take full control of BPI Globe BanKO (BanKO), the country’s first mobile phone-based savings bank. >>