Despite the Myanmar government’s push to expand access to financial services, the country still trails far behind the rest of Asia in rates of participation in formal financial services, financial literacy, savings rates and the use of digital financial services, according to a new report by social enterprise ONOW Myanmar. But fintech and mobile technology […]
With 70% Unbanked Population, Myanmar Bets on Fintech to Improve Financial Inclusion
November 25, 2019 by thiha
Filed Under: Latest News Tagged With: Asia, atm, CBM, Central Bank of Myanmar, Chain, DaNa Facility, e-wallet, EVX Holdings from Thailand, financial literacy, Financial Regulatory Department, Financial Services, FRD, Krungthai Bank, Making Access Possible, map, MFS, Ministry of Planning and Finance, mobile financial services, MPF, MPU, Myanmar, Myanmar Payment Union, Norway’s Telenor, ONOW, singapore, Thailand, the Asian Development Bank’s ADBVentures, UK-funded DaNa Facility, UNCDF, United Nations Capital Development Fund, US International Trade Administration, Wave Money, Yoma Bank
Mobile financial services promising in Myanmar
February 1, 2016 by Thiha
A BOOM in mobile financial services (MFS) is anticipated, thanks to the rapid increase in penetration rate and poor infrastructure in Myanmar, according to Takashi Shigeno, director of KDDI Summit Global Corporation. He cited three main reasons for this. “Firstly, more than 70 per cent of the population live in rural areas. Secondly, only 20-25 […]
Filed Under: Latest News Tagged With: AYA Bank, Bank of Tokyo-Mitsubishi UFJ (BTMU), CB Bank, E-Commerce, Global Corporation, infrastructure, KDDI Summit, MFS, mobile money, mpt, Oo Thein Myint, YCDC
