Banks in Asia have seen their margins shrink sharply in recent years as they face pressure from technology companies like Alipay and WeChat Pay. Photo: Xinhua Banks in Asia have seen their margins shrink sharply in recent years as they face pressure from technology companies like Alipay and WeChat Pay. Photo: Xinhua
Banks in Asia have seen their margins shrink sharply in recent years as they face pressure from technology companies like Alipay and WeChat Pay. Photo: Xinhua
Business /  Banking & Finance

Asia-Pacific banks need to gain scale, pursue tech partnerships to stay competitive: McKinsey

  • Average banking return on equity in Asia decreased from 12.4 per cent in 2010 to 10.1 per cent in 2018, McKinsey says
  • Personal financial assets in region expected to increase to US$69 trillion by 2025, creating an opportunity for banks

Topic |   Banking & Finance
Chad Bray
Chad Bray

Updated: 9:53pm, 12 Feb, 2020

Why you can trust SCMP
Banks in Asia have seen their margins shrink sharply in recent years as they face pressure from technology companies like Alipay and WeChat Pay. Photo: Xinhua Banks in Asia have seen their margins shrink sharply in recent years as they face pressure from technology companies like Alipay and WeChat Pay. Photo: Xinhua
Banks in Asia have seen their margins shrink sharply in recent years as they face pressure from technology companies like Alipay and WeChat Pay. Photo: Xinhua
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