The top 5 banking news stories in emerging markets this week.
1 – Mobile phones a boon for Tanzanian women in business
Two-thirds of Tanzanians own a phone, but only four in 10 women are phone owners, according to government data. >>
2 – Philippine banks lead in retail financial services
Asia Pacific’s retail financial services market will be worth $824 billion by 2020. Increasing consumption and improved access to financial services in combination with mobile banking technologies, will be key catalysts in driving retail banking income between 2015 and 2020. >>
3 – Are 15 banks enough for Vietnam?
Many commercial banks have merged in the last few years in a bank restructuring programme initiated by the State Bank, which has led to a significant decrease in the number of commercial banks in Vietnam. >>
4 – Omnichannel in emerging nations holds omni-clues
Useful to U.S. financial institutions as a mirror to their own strategic plans, a study covering 15 emerging countries in Asia, Middle East, and European markets highlights the growing focus on omnichannel adoption. >>
5 – China:Traditional banks compete with new comers in lending
China’s financial sector has seen some seismic changes in the past few years as many financial services are going online. >>