Asia Banking Research

Nov

Hong Kong’s banks face rocky road ahead

Hong Kong’s major banks have long enjoyed high profits. Competition has been limited. A few heavyweights dominate the sector: HSBC, Standard Chartered, Bank of East Asia, Hang Seng. With the arrival of virtual banks earlier this year, the market was already on the cusp of a sea change. Retail banks…

Nov

Asia Banking Research

Indonesia’s P2P market is booming

Indonesia just might have the world’s hottest P2P lending sector at the moment. We haven’t seen this kind of growth in P2P since before a series of huge scams marked the beginning of the end for China’s P2P market. From January to May, the Indonesia P2P sector expanded 44% to…

Nov

Asia Banking Research

Philippines remittances market steadily increasing

The Philippines is the world’s No. 4 remittance market and growing fast, offering ample opportunities for fintechs. In August, Filipinos overseas remitted $2.88 billion, up 4.6% over $2.76 billion received in the same period a year ago and the highest since May, according to government data. About 10 million Filipinos…

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