Myanmar

With 70% Unbanked Population, Myanmar Bets on Fintech to Improve Financial Inclusion

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,

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Singapore’s NETS to Assist Myanmar in Implementing Universal QR Payment

The NETS Group today announced that it has signed a Memorandum of Understanding (MOU) with Myanmar’s national payment network to establish a Payment Technology Exchange & Development Programme. The first project under the Programme will see NETS sharing its technical

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Sending Money Home to Myanmar Can Be Cheaper and Less Illegal with Blockchain

The central bank governors in both Thailand and Myanmar has just granted their blessing to the KTB Shewbank, a remittance project that uses blockchain to help reduce costs for Myanmarians in Thailand looking to send money back home to their

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GrabPay Mobile Wallet Will Likely Hit Myanmar in 2019

After Grab’s launch into Myanmar in 2017, the ride-hailing giant intends to follow-up with the expansion of their e-wallet GrabPay, in the ride-hailing giant’s ongoing Southeast Asia takeover strategy. GrabPay is considering Myanmar alongside Cambodia for expansion of its mobile

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Myanmar Fintech Sector On Route To Growth: Fintech Startup Report and Map

While the Myanmar financial system remains largely dominated by banks, the non-bank and fintech sector is on route to growth and will likely be playing a key role in the country’s modernization push. Currently, only 5% of the Myanmar population

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Yoma Strategic and Grab Form Strategic Partnership in Myanmar’s Taxi Sector

Yoma and Grab jointly announce that they have signed a strategic framework agreement. The partnership will focus on upgrading the fleet of taxis in Myanmar, together with the provision of vehicle financing for Grab’s driver-partners. Myanmar’s ride-hailing industry has been

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Wave Money targeted by Yoma, 19.4 Mio USD for 34% stake

Yoma Strategic Holdings Ltd. plans to acquire a 34% stake in Digital Money Myanmar Co., Ltd. (“Wave Money”) from First Myanmar Investment Company Limited for US$19.4 million, which is subject to completion and will be funded within existing capital plans

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Wave Money Is The First Fintech Company In Myanmar To Launch An Open API Linking Merchants And Customers

Wave Money is the first fintech company in Myanmar to launch an open Application Programming Interface (API) platform with the introduction of the Wave Money Developer Portal which will enable cashless payments between merchants and customers. This is the latest

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Banks, Fintechs Gear Up for Myanmar’s Digital Revolution

As Myanmar undergoes a digital revolution, international banks and foreign investors are perceiving the country’s large pool of unbanked as a still untapped opportunity. The latest move comes from the National Bank of Canada which became a strategic shareholder in

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Fintech in Myanmar, an Overview

In countries like Myanmar, financial inclusion is a topic of growing importance. The rapid advances in technology are changing the way people access and consume financial products. In Myanmar, fintech companies and corporations are capitalizing on the country’s rapid development

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