mobile money

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

High e-commerce potential, but growth stunted, for now

January 14, 2019 by Thiha

On November 11, 2018, online shoppers in Myanmar purchased goods worth US$90,000 on the Internet within the first hour of Alibaba Group’s global 11.11 sale. It was the first time the Chinese e-commerce giant had opened up the annual event to Myanmar, where just 1 percent of the population is exposed to e-commerce. Alibaba knows […]

Filed Under: Latest News Tagged With: Alibaba, Asian Logistics, brick and mortar businesses, Chinese, Daraz Group, Department of Trade, E-Commerce, e-commerce law, Facebook, Hong Kong Office, insurance, license, LOGISTICS, logistics companies, Maritime Conference, McKinsey, mobile money, Myanmar, Myanmar Posts and Telecommunications, Myanmar Retailers Association, Shop.com.mm, shopping online, social media, tax revenues

Myanmar’s Migrant Workers: The Vanguard of Financial Inclusion

May 1, 2018 by thiha

Photo: Courtesy of Telenor Wave Money Andrew Thomson considers the role of internal migrants in promoting financial inclusion in rural areas. Myanmar’s internal migrant workers have the potential to be the vanguard of financial inclusion. Presently, the vast majority of Myanmar’s population do not have access to the formal banking system, mostly the product of […]

Filed Under: Featured Stories Tagged With: Andrew Thomson, Financial inclusion, M-Pitesan, microloan, Migrant Workers, mobile money, OK Dollar, Rural Poverty, Tea Circle Oxford, VANGUARD, Wave Money

Ooredoo with M-Pitesan is going after Wave Money

July 8, 2017 by thiha

Myanmar used to be the last telco frontier. Not anymore. Internet penetration has doubled in over 1 year and the country counts now more than 14 million online users. Myanmar is truly embracing the digital lifestyle. Main drivers of this growth, the mobile operators are fiercely fighting to gain market share. On the technology battlefield, […]

Filed Under: Latest News Tagged With: CB Bank, M-Pitesan, mobile money, mobile wallet, OK Dollar, Ongo, Ooredoo, Ronoc Asia, telenor, True Money, Wave Money, Wing, 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

Ooredoo Selects GoSwiff as Mobile Payments Partner

December 28, 2015 by thiha

Qatari mobile carrier Ooredoo said it has selected GoSwiff, a Singaporean mobile payments and marketing solutions provider, as its partner for the implementation of its international mPOS (mobile point of sale) platform. The partnership will cover nine markets – Myanmar, Algeria, Indonesia, Iraq, Kuwait, Maldives, Oman, Qatar and Tunisia. The deal includes recruiting merchants to […]

Filed Under: Latest News Tagged With: airtime top-up, COO, finance, GoSwiff, Group CEO, mobile money, mobile payment, mPOS (mobile point of sale) platform., Ooredoo, Sheikh Saud Bin Nasser Al Thani, Singaporean mobile payments and marketing solutions provider, Stefano Diemmi, value added services

Start-up competition gets going in Yangon

November 17, 2015 by Thiha

More than 200 people came to participate in a StartUp Challenge hosted by downtown innovation lab Phandeeyar on November 14, with entrepreneurs looking to launch businesses in e-commerce, mobile and more. The nine-day event, held in conjunction with Myanmar’s fourth annual Global Entrepreneurship Week, urges budding entrepreneurs to turn brainstorms into businesses. It also gives […]

Filed Under: Latest News Tagged With: Anthem Asia, Daniel Swift, Global Entrepreneurship Week, laundry service, mobile money, Phandeeyar, StartUp Challenge, telenor, USAID, Wave Money, World Bank Group, Yoma Bank

Tech sector sizzles as Myanmar embraces Internet for the masses

September 29, 2014 by thiha

From navigating gridlocked city roads to playing a favourite national sport, new homegrown apps are blossoming in Myanmar as cheap mobile technology ignites an Internet revolution in the once-isolated nation. Myanmar web surfers were once paradigms of patience and ingenuity as they dodged and weaved through the former military regime’s communications blocks in decrepit backstreet […]