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 […]

Ooredoo Selects GoSwiff as Mobile Payments Partner

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 […]

Start-up competition gets going in Yangon

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 […]

Tech sector sizzles as Myanmar embraces Internet for the masses

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 […]