“No person in Myanmar, no consumer, would probably know who CNP is,” says Patrick Kershaw, the CEO of ConnectNPay (CNP), a fintech company that built the digital financial infrastructure now enabling locals to pay their utility bills and taxes online in Myanmar. “They have no idea, and they don’t need to,” he continues. Instead, says […]
Digitizing Myanmar: How This FinTech Company Helped Cut Local Payments from 5 Hours to 5 Minutes
Can mobile technology bring Myanmar in line with other Asean nations
Myanmar’s central bank has released additional rules on mobile financial services that lay the foundation for efficient and secure mobile financial services in Myanmar. While most of the Association of Southeastern Asian Nation (Asean) region adopts online and mobile banking, Myanmar remains almost completely cash dependent, with most salaries still paid in cash. According to […]
Singapore’s ConnectNPay helping to stir up Myanmar’s financial sector
Since Myanmar opened up its economy in 2010, after one of the most brutal dictatorships in Asia, capitalism has been on the rise. The country’s abundant natural resources, strategic location between Asia’s powers India and China, and its largely untapped market of 60 million people have caught the interest of foreign investors. Singapore-based startup Leo […]