Myanmar card payments on the rise as MPU widens network

Card payments in Myanmar are set to rise over the next few months as local shops and supermarkets sign up to Myanmar Payment Union, signalling the beginning of a shift in one of the world’s last cash-based economies. MPU got off to a slow start when it launched in 2012, but with the rise of […]

Myanmar Software Firm Launches SAP to Support Businesses’ Growing IT Demands

Myanmar Information Technology (MIT) announced the launch of a division to tap local organisations’ need to reengineer their business processes, through a partnership with German enterprise software maker SAP. Unlike niche solutions like accounting software, SAP’s ERP (Enterprise Resource Planning) packages provide overall business management functions covering accounting and financials, sales and customer relationship management, […]

High rents holding back telecoms firms, claims CEO

Telecommunications companies are struggling to secure initial capital investment and cope with extortionate rents, said CEO Tun Thura Thet from Myanmar Information Technology (MIT) during an Asean business forum. “Land and rental prices in Myanmar are higher than those in Silicon Valley in the United States. It is depends on the location. If an office […]

Myanmar braces for mobile phone boom as Internet access trickles in

In Yangon, Myanmar, giant Samsung billboards hang overhead as dozens of handset shops line the crowded city streets and advertise the latest smartphones. Just a few years ago, you wouldn’t have seen such a sight, said Soe Nyi Nyi, a local tech entrepreneur. “There’s been a lot of changes,” he said. “There’s a lot of […]

Decades-old bets in Myanmar’s tech industry finally reap rewards

Local tech companies see major opportunities brought on by reforms in the country It may have taken almost two decades, but Tun Thura Thet’s investment in one of Asia’s poorest countries is finally paying off. “I’ve been waiting here for 17 years to have this moment,” he said, sitting at his office in Yangon, Myanmar. […]