Irish

Myanmar-based Irish company Red Dot halts operations

February 14, 2019 by Thiha

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. […]

Filed Under: Latest News Tagged With: Agents, Alphyra, deposits, Directorate of Investment and Company Administration, electronic payments company, Irish, John Nagle, legal action, Myanmar-based Irish company, Red Dot

Concerns mount in the wake of Red Dot shutdown

February 7, 2019 by Thiha

Agents of Red Dot Network Ltd are unhappy that deposits paid to the now defunct payment solutions provider will likely not be returned to them. Red Dot’s system involves small terminals and trading balances. The firm buys credit from Myanmar’s telcos – Ooredoo, Telenor, MecTel and MPT – the same as that which shop owners […]

Filed Under: Latest News Tagged With: banking, Caribbean, Central America, Denis O’Brien, digicel, Irish, John Nagle, MECTel, mobile money, mpt, Myanmar, Oceania, Ooredoo, payment solutions, Red Dot, social media, telenor

Irish building up a head of steam in Myanmar

March 23, 2018 by Thiha

When Kieran Rabbitt stepped off a plane and into the heavy Yangon heat four years ago, little did he think he’d still be in Myanmar today, at the cutting edge of the country’s digital revolution. From offices in downtown Yangon, the Athenry native – along with Karim Ainsworth from Belfast – runs Cube Digital. The […]