Mobile financial services promising in Myanmar

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 […] Claims Big Response on Myanmar’s First Black Friday

Local online retailer said it has racked up “unprecedented order numbers and sales figures” without releasing any actual sales figures. The Rocket Internet-backed company claimed it got “as many orders as it does in three months during the Black Friday sale.” The first ever Black Friday sales of Myanmar was launched in partnership with […]

Myanmar businesses slow to adapt to improvements in Internet

Our study of the Myanmar industry shows that Myanmar businesses are still lagging behind in the use of Internet technology. We studied 72 audit/accounting firms and 44 law firms in Yangon and were flabbergasted to find that 93% and 68% respectively do not have websites and 70% of them are still using Gmail. Our study […]

Cyber sex offenders to get time

Cyber sex-pests and abusers could go to prison, the police said on August 8. Police Captain Thi Thi Myint told The Myanmar Times that anyone using electronic transaction technology to disturb, threaten or defame in a sexual manner could face penalties of three to five years’ jail and a fine. This could include the use […]

Retailers brace for competition

MYANMAR RETAILERS, riding on an economic boost, anticipate fiercer competition from foreign players once restrictions are lifted. Win Win Tint, president of Myanmar Retailers Association and managing director of City Mart Holdings, said that Myanmar may allow the entry of international retail chains in the near future, driven by local demands. “New retail channels such […]

Myanmar’s first electronic bill payment solution launched

2C2P a leading Southeast Asian (SEA) payment services provider, and Myanmar Payment Union (MPU), the national payment network of the Republic of the Union of Myanmar, have launched Myanmar’s first electronic bill payment solution, easyBills according to a media release on 9 June. 2C2P and MPU are providing a non-cash payment option for prepaid phone […]

Online grocery seller takes its shot

A tech startup wants to cut down on the tumult associated with grocery shopping in Yangon, and is urging customers to browse for their daily bread online instead of in person. Yet online grocery shopping does not seem the most obvious choice of services, given the city’s crowded streets and shopping habits of visiting the […]

E-commerce market’s slow and steady rise

Rapidly improving internet and connectivity rates are bringing more people online, but changing shoppers’ preferences is still a struggle for online shopping businesses. Companies are crowding in to online shopping in a bid to be Myanmar’s version of Amazon or Alibaba. With all the competition, though, it is increasingly difficult to stand out in an […]

Ooredoo partners with Rocket Internet for online services

The Ooredoo Company announced it will link up with Rocket Internet to operate e-commerce, online and digital services in Myanmar and Asia. Ross Cormack, the CEO of Ooredoo Myanmar said, “E-commerce has a great potential in Myanmar along with increasing numbers of smart phone usage. People will shop commodities and services online with their smart […]

Ex-Google exec returns to his native Myanmar with big plans

Consult-Myanmar welcomes you to the 27th SEA Games Myanmar, 11-22 Dec 2013 Myanmar-born former Google business operations and strategy manager Nay Aung has an ambitious goal: to make online activities, from payment to bookings to e-commerce, the norm in his hometown. Nay Aung, a graduate of Stanford University in California and the London School of […]