Businesses and entrepreneurs in Myanmar are increasingly turning to social media as they seek new ways to promote their trade amid the COVID-19 pandemic. “The number of businesses that have moved online has doubled since the pandemic began,” according to U Aye Chan, chair of the E-Commerce Association of Myanmar. Among the tools businesses are […]
Southeast Asia sees big shift to e-commerce during COVID-19
October 23, 2020 by
Driven by changing consumer trends during COVID-19, the Southeast Asian e-commerce industry has grown substantially in the first six months of the year, according to a recent report by price comparison and product aggregating website iPrice Group. The report pointed out major changes in consumers’ behaviours and the e-commerce industry brought about by COVID-19 in […]
COVID boosts need, demand for e-commerce in Myanmar
October 22, 2020 by
E-commerce and food delivery have flourished in Myanmar since the lockdown and other restrictions to contain COVID-19 took hold in the country. METRO Wholesale Myanmar Ltd, which started out serving hotels, restaurants, tea shops and caterers, has pivoted to include delivery of food and daily necessities to consumers in Yangon during the pandemic. METRO CEO […]
How the pandemic made fintech matter again in Myanmar
October 19, 2020 by
The banking sector made Myanmar distrustful of non-cash transactions – how did the pandemic turn the nation back to financial inclusion? Myanmar was considered Asia’s last frontier market, not too long ago – rich in natural resources and investment potential, but only just emerging to the possibilities of digitization. About a decade later, sweeping reforms […]
Technology and e-commerce companies respond to the crisis
April 23, 2020 by
Services that deliver food, groceries, medical supplies and packages are among the few businesses thriving during the COVID-19 pandemic after local authorities ordered the closure of bars, dine-in restaurants, and entertainment facilities throughout much of Myanmar. More and more Myanmar people are practising social distancing and staying at home. Grocery stores remain open and many […]
E-commerce startup Get acquires Daung Capital to provide one-stop fintech solutions to Myanmar’s micro-entrepreneurs
February 7, 2020 by
Myanmar-based e-commerce startup Get All Myanmar has acquired Burmese fintech firm Daung Capital in a mission to come up with a unified solution provider for micro-entrepreneurs in the country, says a DealStreetAsia report. The acquisition covers all of the fintech firm’s assets, including employees and business contracts. Other financial details were not disclosed. Moving forward, […]
E-commerce threat for Myanmar’s jade
October 22, 2019 by
As if human rights abuses, corruption charges and deadly landslides haven’t hurt the industry enough, Myanmar’s multi-billion-dollar jade and gemstone industry now has to deal with the challenges of e-commerce. Myanmar produces 90 percent of the world’s jade and is a major player in the global gem economy, but poor regulations mean up to two-third […]
New E-commerce Marketplace Bets on Myanmar’s Potential
October 16, 2019 by
A new e-commerce website called Spree.com.mm has officially launched, and will sell electronic appliances, household items, travel kits, fashion products, child products, food, and sporting products. The e-commerce platform will provide new competition to the Alibaba-backed Shop.com.mm which currently dominates the local e-commerce market. Users can make purchase items using various payment methods like Visa, […]
Russia offers to help Myanmar with digital legislation, e-govt
September 24, 2019 by
Russia on Wednesday offered to support Myanmar on the digital front, with proposals to help the country draft its first cyber security law, build e-government platforms and develop smart cities. More than 70 percent of the Russian population has round-the-clock access to e-government platforms, the use of which also helps to eliminate corruption and errors, […]
