Emerging ATM markets continue to show growth potential

spike

While many mature ATM markets are seeing a slowdown, developing markets are set to witness rapid expansion over the next five years, with ATMs supporting cash-reliant newly banked populations.

As previously reported, the number of ATMs globally fell for the second consecutive year in 2019. The small decline belies a more complex set of trends, however; while China is driving the fall, many markets are expanding as economies improve, salary payments are digitised and financial inclusion efforts gain traction.

Almost two thirds of the markets covered in this latest study are projected to be larger in 2025 than they are

Read More

Manulife names GM for emerging markets, Asia

spike

Manulife has appointed Sachin N. Shah (pictured) as its general manager, emerging markets, Asia, effective August 01.

Shah will join Manulife’s Asia executive committee and report to Anil Wadhwani, president & CEO, Asia, according to a company statement. He will also be a member of the company’s global leadership team. Shah will be responsible for driving the development of the company’s operations in Southeast Asia’s emerging markets – namely Cambodia, Indonesia, Malaysia, Myanmar, Philippines, and Vietnam – and the general managers of these territories will report to him.

Prior to joining Manulife, Shah was CEO for Asia-Pacific general insurance at

Read More

Swiss Re examines key growth driver in emerging markets post COVID-19

spike

Investment in infrastructure development will likely be one of the key drivers of sustainable growth in emerging markets after the COVID-19 pandemic subsides, according to a report from the Swiss Re Institute.

Emerging markets are projected to invest US$2.2 trillion in infrastructure annually over the next 20 years, equal to 3.9% of gross domestic product. The energy sector (renewable energy especially), smart and resilient infrastructure, and healthcare facilities are expected to attract strong investment, according to the report. Swiss Re Institute estimated that emerging-market infrastructure represents an annual investment opportunity of US$920 billion for long-term investors, including insurers.

“The construction

Read More

JPMorgan is ‘underweight’ financials in emerging markets

spike

Emmanuel Dunand | AFP | Getty Images

The outlook for banks is bleak and the financial industry will have a difficult time growing its business due to the coronavirus pandemic, according to JPMorgan, which has an “underweight” stance on the sector across emerging markets.

“I think we have a non-consensus view to run an underweight on financials across emerging markets, we think the outlook for banks — which is the largest chunk of financials — is a negative one no matter how you cut it,” Pedro Martins Junior, chief emerging markets equity strategist at JPMorgan, told CNBC’s “Squawk Box Asia”

Read More