doing business in myanmar – what you need to know as a singaporean
The Global Financial Inclusion Advocate, Oradian, a company that serves financial institutions in remote, hard-to-reach communities, will hold an ‘Exclusive Networking Event for Financial Inclusion Leaders’. This event will be held on the 2 August, at Yangon’s downtown Pan Pacific Hotel, in Junction City.
At the event, a hard core of Myanmar’s Microfinance technology gurus are set to debate hot topics, such as cloud-based banking systems, rural community enfranchisement, and microfinance mobile phone integration. The event will be held with a view to advancing financial inclusion in Myanmar, providing a bridge to swathes of the population who still remain unbanked, as well as underpinning social enterprises undertaken by local citizens, and entrepreneurs.
Mr Constantin Clement, Oradian’s Development Manager for Myanmar, commented on the event, ”We are delighted to mark our first major milestone in Myanmar with this evening session, that will celebrate our truly formalising of Oradian operations here. We are also looking forward to making a positive impact on Myanmar communities, by granting financial institutions access to Oradian’s digital toolset, which includes our flagship system Instafin, just as we have done successfully in a number of Southeast Asian markets to date”.
Mr Clement added “… we have been very well received in Myanmar, and feel there is an unlimited scope for us to underpin the Fintech sector, through the provision of cloud-based and integration applications. These methods will save both time and money, yet also cut down on burdensome administrative tasking, and allow us to bring finance more rapidly to some of the more isolated rural communities.”
”Myanmar presents us with unique challenges, yet is has demonstrated leadership in the Financial Inclusion arena by showing the desire to leapfrog traditional banking, and internet systems, with a significant move to migrate directly into mobile financial technology”, noted Mr. Matija Karaula,Oradian’s development manager for the Southeast Asia region.
The company said in its statement, that it further aims to accelerate financial empowerment through support of the Government of Myanmar, in expanding formal financial inclusion to 40 percent, of individuals living in Myanmar by the year 2020.
Source: Myanmar Business Today
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