Philippines Leading Emerging Nations in Introducing Mobile BankingBy: Shushmul Maheshwari
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Philippines Leading Emerging Nations in Introducing Mobile Banking
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Rising mobile penetration in the Philippines will expand the mobile banking user base to beyond 11 Million by the end of 2011, according to a new research report, “Philippines Banking Sector Analysis”, from RNCOS.
The green signal from the Philippines government to telecom operators to make free partnership with banks has opened a slew of opportunities for the banking industry. Now Filipinos can use their mobile phones as ‘virtual wallets’. This has made the Philippines the leader among the developing countries in offering financial transactions over mobile networks. Thus, with increasing number of mobile subscribers and increasing level of mobile penetration, the mobile banking will see tremendous growth in future.
Also, the introduction of e-banking services and subsequent innovations in them had played critical role in changing the landscape of local banking industry. e-banking has made it more convenient for customers to use a number of popular interfaces like Internet, web-enabled mobile phones and Personal Digital Assistant (PDA) for financial transactions anytime, anywhere. With the introduction of mobile banking, the customer convenience has moved a step ahead.
Thus, mobile phone is fast evolving as a major payment instrument, posing a tough challenge to the well-established traditional credit and debit cards.
“Philippines Banking Sector Analysis” contains comprehensive research and rational analysis on various segments, like assets size, income level and number of cardholders, of the Philippines banking industry. It also analyzes the current performance and growth opportunities, and helps clients to understand various products available in the market and their future scope. It also discusses the role of technology in the Filipino banking industry.
The report gives future outlook of different aspects of the banking industry such as financial cards, mobile banking, and bancassurance. The future projections are made after analyzing the current market scenario, past trends and regulations laid by the central bank.
In addition, the report gives forecast on banking industry assets, mutual fund assets under management, number of credit cards, IT spending by banking industry, mobile banking users, microfinance industry, mobile subscribers and bancassurance in life insurance product sales.http://www.rncos.com/ |
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| Keywords |
Philippines Banking Sector Analysis, Philippines Banking, Banking Sector Analysis of Philippines, Philippine banking industry, opportunities in Philippines Banking |
| Category |
Finance |
| Submission Date |
Mar 23, 2009 |
| Article Contact Name |
Shushmul Maheshwari || send email to Shushmul Maheshwari
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Other links at Finance |
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Up to 50% off on Report - Indian Mutual Fund Industry
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RNCOS is offering up to 50% discount on Market Research Report titled,” Indian Mutual Fund Industry". The Indian mutual funds industry is witnessing a rapid growth as a result of infrastructural development, increase in personal financial assets, and rise in foreign participation. With the growing risk appetite, rising income, and increasing awareness, mutual funds in India are becoming a preferred investment option compared to other investment vehicles like Fixed Deposits (FDs) and postal savings that are considered safe but give comparatively low returns, according to “Indian Mutual Fund Industry”.
This report provides a detailed analysis along with current and future outlook of the Indian mutual fund industry and explores the market development and potential. The forecasts and estimations given in this report are not based on a complex economic model, but are intended as a rough guide to the direction in which the industry is likely to move.
Key Findings
- The Indian mutual funds retail market, growing at a CAGR of about 30%, is forecasted to reach US$ 300 Billion by 2015.
- Income and growth schemes made up for majority of Assets Under Management (AUM) in the country.
- At about 84% (as on March 31, 2008), private sector Asset Management Companies account for majority of mutual fund sales in India.
- Individual investors make up for 96.86% of the total number of investor accounts and contribute 36.9% of the net assets under management.
Key Issues & Facts Analyzed in the Report
- What are the key factors fueling growth into the Indian mutual fund market?
- Which are the fastest growing products?
- What are the key growth prospects?
- What are the key challenges for the market?
- How the market is likely to move in future?
Key Players
This section provides business analysis of key players in the Indian mutual fund market, including Reliance Capital, BOB and HDFC.
Research Methodology Used
Information Sources
Information for this report has been sourced from books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to more than 3000 paid databases.
Analysis Methods
The analysis methods used in this report include ratio analysis, historical trend analysis, linear regression analysis using software tools, judgmental forecasting, and cause and effect analysis.
For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM142.htm
UP TO 50% OFF ON THIS REPORT TILL May 31, 2009
Check DISCOUNTED REPORTS on: http://www.rncos.com
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| 2. |
How to Change Your Driver Seat? Tips on Low Interest Auto Loan
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When you approach for any auto loan nowadays, you need to shop around for the right loan with benefits that can help you. Many auto loan financers provide promotional offers, like loans with low interest rates. Any loan with low interest rate means lower monthly installments and hence lower costs.
Many institutions provide low interest auto loans to extend the loan facility to people from all classes. What stands important here is how to get a low interest deal on an auto loan? You must also check for the financer’s prime lending rate. PLR’s are determined on the basis of many factors. The financer will have a difference in the PLR and the lending rate to the customer. You benefit if the lending rate is closer to the PLR.
Also the choice of a car greatly matters in determining the interest rates. If it’s a used car, the condition of the car is adjudged and the interest rate will tend to be higher, as compared to that of a new car or a car in good condition. Another tip would be to get your loan financed through a bank of financial institution. If your auto dealer is enticing you with a so-called â great deal through his dealership, beware of the loopholes there.
Read minutely through the lines of such a deal, before you end up taking one. Your credit profile also plays the protagonist in clinching a low interest auto loan for you. Better your profile, lesser is the interest rate that you can bargain on your loan. There are ample of online loan financers to check for before you just walk into a car showroom.
Try and figure out who can get you the lowest rate deal. Be sure you know the market rates and the current market conditions even before you let any smart sales guy speak to you for the loan. You can only adjudge if the information he is providing is correct, when you thoroughly know the same. Make the use of Internet for your best. You have plenty of websites out there, which provide information on the auto loan interest rates on a daily basis. You can check out the charts as well for yourself for finding out the best rates.
Also, you can submit your request online to these sites, which in turn pass on this information to lending institutions. Also, they provide you 3 best quotes and you who will decide on the best quote. Remember that you have to shop around extensively before you hard lock on the lowest rate deal. Interest rates you get greatly depend on your knowledge, research and your credit profile.
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RNCOS Releases a New Report- Egypt Banking Sector Analysis
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RNCOS has recently added a new Market Research Report titled, “Egypt Banking Sector Analysis” to its report gallery. The Egyptian banking industry, supported by the buoyant economic growth, increasing demand of consumer loans and improving consumer confidence, has shown a strong growth in the recent past. The government is also working hard to make the industry globally competitive. As a result of government’s privatization program and rapid consolidation in the banking system, asset quality of banks is improving significantly. As part of the privatization process, bad debts owed by publicly-owned companies are being paid back to state-owned banks in cash by the state prior to their sell off. Thus, ratio of non-performing loans is going down. These are the findings of our research report, "Egypt Banking Sector Analysis”.
This report is an analytical study of the thriving banking industry of an emerging African country, Egypt. It evaluates the products and services offered by the Egyptian banking industry. Exploring the market development and potential, the report gives a broad overview on the Egyptian banking industry. It will help clients to identify the leading-edge opportunities critical to the success of the banking industry and help investors, financial service providers and global banking players to navigate through the market.
Other Key Findings of the Research
- Deposits at Egyptian banks are forecasted to grow at a CAGR of about 14% between 2008-09 and 2010-11, with household sector accounting for majority of deposits.
- Bank loans to private business sector are forecasted to grow at a CAGR of about 9.5 during 2008-09 to 2010-11.
- Manufacturing sector will remain the major recipient of bank loans in local as well as foreign currencies during 2007-08 to 2010-11.
- Net interest income is projected to grow at a CAGR of over 12% during 2008-2012.
Key Issues & Facts Analyzed in the Research
- What makes Egypt an attractive banking destination?
- Which banking products will see strong growth?
- What are the prospective areas of investment for the banks in near future?
- What are the various challenges for the industry?
Key Players Evaluated in the Research
This section provides business analysis of top players like National Bank of Egypt, Bank of Alexandria, Barclays Bank Egypt and BNP Paribas operating in the Egyptian banking industry.
Research Methodology Used in the Research
Information Sources
Information has been sourced from various authentic sources like books, newspapers, trade journals, white papers, industry portals, government agencies, trade associations, monitoring industry news and developments, and through access to over 3000 paid databases.
Analysis Methods
RNCOS industry forecast and analysis is based on various macro- and microeconomic factors, sector and industry specific databases, and our in-house statistical and analytical model. This model takes into account the past and current trends in an economy, and more specifically in an industry, to bring out an objective market analysis.
Our industry experts study the relationship between various industry and economic variables to ensure the required accuracy and desired check on the quality of data and information given in the report.
For more information visit: http://www.rncos.com/Report/IM155.htm
Current Industry News: http://www.rncos.com/Blog/
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Ministry Buffering Vietnam Insurance, Market Still May Go Down
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RNCOS, a leading market research firm, says in its new report, “Vietnam Insurance Sector Forecast to 2010” that, with the liberalization post WTO agreement, proposed regulatory amendments, and constant monitoring and support from the Ministry of Finance, the insurance market of Vietnam will continue to grow at a fast pace in coming years.
As per the report, the Ministry of Finance plans for developing a wide and comprehensive insurance market to fulfill the growing demand for insurance products, improve the business and financial capacities of the insurers, and meet international and competitive integration requirements. Existing Insurance Business Law will also be amended, and a strategy will be worked out for the development of the insurance market of Vietnam during 2010-2020.
However, despite all things moving in right direction, the Vietnamese insurance sector is not expected to remain immune to the global economic turmoil as its growth rate reduced in the last few months of the year and this downward movement is projected to continue in 2009 as well.
Exports and imports will be the worst hit industries in Vietnam next year. So insurance for the ex-import commodities, ships and shipbuilding will be affected the highest. Demand for the automobile and construction insurance will also not be able to bounce back in 2009.
“Vietnam Insurance Sector Forecast to 2010” provides a comprehensive research and prudent analysis on the Vietnamese insurance market. This extensive research will help the clients to identify the market trends and evaluate the leading-edge opportunities critical to the success of the insurance market in the country. This study gives an overview on the various factors driving the insurance industry, together with the forces that are blocking its growth.
This objective research supplements the past and current information on the Vietnam’s insurance market with forecast on various important industry aspects, including economic growth, passenger cars, and life and non-life insurance market.
For more information visit: http://www.rncos.com/Report/IM146.htm
Current Industry News: http://www.rncos.com/Blog/
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| 5. |
Philippines Leading Emerging Nations in Introducing Mobile Banking
|
|
|
Rising mobile penetration in the Philippines will expand the mobile banking user base to beyond 11 Million by the end of 2011, according to a new research report, “Philippines Banking Sector Analysis”, from RNCOS.
The green signal from the Philippines government to telecom operators to make free partnership with banks has opened a slew of opportunities for the banking industry. Now Filipinos can use their mobile phones as ‘virtual wallets’. This has made the Philippines the leader among the developing countries in offering financial transactions over mobile networks. Thus, with increasing number of mobile subscribers and increasing level of mobile penetration, the mobile banking will see tremendous growth in future.
Also, the introduction of e-banking services and subsequent innovations in them had played critical role in changing the landscape of local banking industry. e-banking has made it more convenient for customers to use a number of popular interfaces like Internet, web-enabled mobile phones and Personal Digital Assistant (PDA) for financial transactions anytime, anywhere. With the introduction of mobile banking, the customer convenience has moved a step ahead.
Thus, mobile phone is fast evolving as a major payment instrument, posing a tough challenge to the well-established traditional credit and debit cards.
“Philippines Banking Sector Analysis” contains comprehensive research and rational analysis on various segments, like assets size, income level and number of cardholders, of the Philippines banking industry. It also analyzes the current performance and growth opportunities, and helps clients to understand various products available in the market and their future scope. It also discusses the role of technology in the Filipino banking industry.
The report gives future outlook of different aspects of the banking industry such as financial cards, mobile banking, and bancassurance. The future projections are made after analyzing the current market scenario, past trends and regulations laid by the central bank.
In addition, the report gives forecast on banking industry assets, mutual fund assets under management, number of credit cards, IT spending by banking industry, mobile banking users, microfinance industry, mobile subscribers and bancassurance in life insurance product sales.
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