綠色BN
2016-07-06

Banking News This Week – Jul 6

The top 5 banking news stories in emerging markets this week.
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1 – In race to be Asia’s fintech hub, Singapore leads Hong Kong
Singapore is rushing to reinvent itself as Asia’s financial technology, or fintech, hub to fend off a regulatory threat to its wealth management industry and revive a sluggish economy. >>

2 – A WhatsApp Moment for Asia’s Banks
Remember paying an arm and a leg for text messages? Now all the telcos in the world combined can’t match WhatsApp’s 30 billion pings a day. Financial transactions will go the same way, and Asia may lead the trend, rather than following it a decade later. >>

3 – Asia-Pacific rides fintech growth wave
Major banks in Thailand are increasingly investing in fintech companies to develop innovative and efficient digital banking solutions for better customer service. >>

4 – Myanmar ‘SMEs in desperate need of new financing options’
The Myanmar government has been urged to find new approaches to boost financing for small and medium-sized enterprises (SMEs) as successful SMEs could help lower poverty in the country. >>

5 – Smart telecom joins East Africa’s mobile banking
Smart Telecom last week launched its mobile money service SMART PESA on to the Uganda market making it the latest telecom company to join East Africa growing mobile banking sector. >>


  By April Wu 
  China Market Strategy

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