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Understanding the payments needs of mid-market companies: Opportunities to win share of wallet Image

Understanding the payments needs of mid-market companies: Opportunities to win share of wallet

The middle market presents a significant opportunity for the commercial banking industry. Understanding the payment needs of this segment would help financial institutions deepen their relationship with them.
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Ghana: Financial Inclusion growing rapidly

According to the International Monetary Fund( IMF), Ghana’s GDP is forecast to increase from 3.4% in 2015 to 5.2% y/y this year, mainly due to a more stable energy supply, new offshore oil and gas fields and political stability.
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Asia: Australia’s largest bank behind the first comprehensive attempt to demystify ongoing internationalization of the RMB

23 September 2016
The Commonwealth Bank is behind the first comprehensive attempt to demystify the ongoing internationalization of the RMB in an effort to make China’s currency a force for good in Australia’s pivot from a resource-intensive to services-sensitive Chinese trading partner.
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UK: High demand for biometric security

23 September 2016
Biometric security, such as fingerprint scanning, facial recognition, retina scan, voice recognition and heart beat identity are in high demand.
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LatAm: BBVA announces Mexico’s first bank account which can be opened without going to a branch

23 September 2016
According to BBVA, 15% of all sales are completed through its digital platform.
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UAE: Demand for ATMs to grow in the UAE

23 September 2016
Despite growing popularity of digital channels and moves towards promoting cashless society, the demand for ATMs shows no signs of subsiding.
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Asia: BEA integrates Apple Pay for clients

23 September 2016
The Bank of East Asia now offers its customers Apple Pay.
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