KBZPay announced a new short-term financing product for their agents on Tuesday. The KBZPay Quick Access Loan will help agents and merchants improve their cash flows, as many face issues in facilitating peer-to-peer cash transactions. The growing volume of cash transfers requires the agents to have sufficient funds in their mobile wallets to avoid cash […]
Myanmar-based Irish company Red Dot halts operations
February 14, 2019 by
Red Dot, businessman John Nagle’s Myanmar-based electronic payments company, halted operations in recent weeks, according to local reports. Mr Nagle established Red Dot Network, which allows customers to buy mobile phone credit and pay bills, after emerging from bankruptcy in 2014, with backing from Denis O’Brien’s Digicel, which sold the business to him last year. […]
Extortion and abuse: Myanmar workers arrive debt-laden in Thailand
October 9, 2018 by
A “mafia” of recruitment agents is trapping Myanmar migrants to Thailand in debt bondage despite a 2017 law meant to fight exploitation in the kingdom’s notoriously shadowy job market, activists and workers say. Migrant labour — much of it from Myanmar — has propped up Thailand’s economy for years, with foreigners working everywhere from factories […]
Myanmar eyes 5m international arrivals next year
November 28, 2014 by
Myanmar’s international arrivals are expected to exceed 5 million next year as the country’s private sector strengthens its overseas marketing, including in Thailand. Representatives of 17 hotels, resorts, restaurants and airlines from Myanmar were in Bangkok yesterday to meet with local buyers at the “Asean Travel Business Matching” event, organised by the Thai Travel Agents […]
