THOSE who want to transfer or withdraw money through Wave Money, a mobile financial services provider, need to take citizenship scrutiny cards, according to Wave Money’s statement on 8 September. To secure mobile financial services for the users, security measures for mobile money remittance are stepped up. Therefore, citizenship scrutiny cards have become obligatory for […]
KBZ Bank joins Myanmar’s interbank transfer system
December 18, 2020 by
KBZ Bank account holders will be able to transfer money to other banks in Myanmar after the bank launched its digital interbank transfer system on December 15. “Digital money transfer can now be done easily and safely between local banks,” said KBZ deputy managing director Mr Robin Chua. Users can transfer a maximum of K […]
Myanmar’s digital money transfers set to triple in 2019
July 10, 2019 by
<ahref=”https://youtu.be/pCvYiQYDHcE” target=”_blank”> YANGON — Digital money transfer services in Myanmar by mobile phone operators and banks have all but replaced traditional remittances in only a few years. CEO Brad Jones of Digital Money Myanmar — operator of the country’s leading remittance provider Wave Money — says transactions via the service exceeded 2 trillion kyat ($1.3 […]
Ooredoo’s M-Pitesan launches in next development in popular mobile money industry
September 21, 2017 by
by Ben Roache M-Pitesan, Ooredoo’s entry into the increasingly competitive online mobile money industry, has launched this week. Allowing users to send money to friends and family, as well as purchasing airtime, Ooredoo hopes to change the lives of the people of Myanmar with their new innovative wallet solution. M-Pitesan’s Mobile money app works […]
Central Bank of Myanmar delivers green light for mobile wallet OK Dollar
September 5, 2017 by
by Ben Roache OK$, a mobile payment service that has recently been heavily advertised throughout Yangon, has been granted a Mobile Financial Services (MFS) licence by the Central Bank of Myanmar. This overcomes a major hurdle between OK$ and next generation retail payment, remittance and funds transfer services in the country. Fig 1 – Screenshot […]
How does one get off the US Sanction List?
July 2, 2014 by
Based on the discussion that I had with a US Embassy official in Yangon on their recent activity in inviting Myanmar people (eg Tay Za of Htoo & Company and Steven Law of Asia World) on the OFAC SDN List for a discussion on what they can do to remove themselves from the SDN List […]
Myanmar’s remittances: Too many chits for kyat
July 16, 2013 by
No one has bothered to count how many people live in Myanmar since 1983 (when it was still Burma). No surprise then that no one has any clear idea how many people left the country during its 50 years under military rule. The men in green certainly did a savage job of mismanaging the economy […]
