The United States may increase its investments in energy, telecommunications, tourism, and natural gas production sectors following a discussion to cooperate in Myanmar beyond the COVID-19 pandemic, said U Maung Maung Lay, chair of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). The development comes after a delegation led by Mr […]
How the pandemic made fintech matter again in Myanmar
October 19, 2020 by
The banking sector made Myanmar distrustful of non-cash transactions – how did the pandemic turn the nation back to financial inclusion? Myanmar was considered Asia’s last frontier market, not too long ago – rich in natural resources and investment potential, but only just emerging to the possibilities of digitization. About a decade later, sweeping reforms […]
Can Myanmar become a cashless society?
October 7, 2020 by
Cash is king, or so the saying goes, and this is especially true in Myanmar. Traditional financial institutions don’t have a strong hold on the market – an estimated 74% of Myanmar’s citizens don’t have a bank account – and fintech apps such as e-wallets are a relatively novel concept. Long known to be Asia’s […]
Govt to focus on supporting growth of digital economy, telecoms infrastructure
September 23, 2019 by
A senior government official says that the government is set to focus on supporting the digital economy next year. Deputy Director General of Posts and Telecommunications U Than Thun Aung said this in his speech during the Myanmar Connect 2019 Conference on Tuesday. U Than Thun Aung said regulatory areas that will be the focus […]
Growing mobile penetration gives Myanmar fintech a big boost
August 26, 2019 by
Financial technology services in Myanmar have boomed following an increasing number of mobile users, according to a report from Fitch Solutions Macro Research. The rise in mobile subscribers began after the government opened up the telecommunications sector in 2014, though enforced supportive regulations and point-of-sale (POS) payment solutions are still lagging behind. Fitch Solutions, a […]
Myanmar: How tech is transforming a frontier market
July 5, 2019 by
Just six years ago, in 2013, a mobile user in Myanmar had to pay USD 250 for a SIM card—this in a country where the average annual income was less than USD 200. For most people in Myanmar, the internet was a luxury for a select few; at least, that was the case until February […]
EOI Consulting Service for Rural Telecom Development. Deadline: 5th August 2019
July 5, 2019 by
Invitation for Expression of Interest Ministry of Transport and Communications (MoTC) now invites eligible consulting firm to indicate their interests to provide for the implementation in a number of areas to accelerate the development of rural telecommunications (voice and internet) infrastructure and services in locations that are unlikely to attract sufficient private investment in Myanmar. […]
Amid Int’l Espionage Concerns, Mandalay to Embrace Huawei for ‘Safe City’ Project
June 20, 2019 by
As part of its high-tech makeover to become a “smart city” with a view to enhancing the rule of law and security, Myanmar’s second largest city Mandalay is ready to embrace Huawei, prompting questions about whether upper Myanmar’s business hub will become prone to data theft and state-sponsored spying—both of which the Chinese telecom giant […]
Online shopping site rgo47 eyes a growing market
June 10, 2019 by
When Royal Golden Owls Co. launched the 27th SEA Games Myanmar T-shirt in 2013, it was a hit across the country. To meet soaring demand for the T-shirts, which sported the games’ owl mascot, Royal Golden Owls turned to rgo47 to give consumers the option of ordering online. One of Myanmar’s first online shopping platforms, […]
Cancellation Notice for Request for Quotation (RFQ), Telecommunication Sector Reform Project (TSRP)
May 31, 2019 by
The Republic of the Union of Myanmar Telecommunications Sector Reform Project (TSRP) Loan No./Credit No./ Grant No.: 5353-MM Contract Title: Radio Planning Tools (Software) and Digital Map (Software) Reference No. (as per Procurement Plan): G.1.3.7 Ministry of Transport and Communications(MoTC) would like to inform that invitation for Request for Quotation (RFQ) of Radio Planning Tools […]
