e-Commerce industry growth will need banks and telcos to reduce service fees, provide better APIs, and simplify procedures to eliminate the hassle of payments Since 2012, foreign investors have been on a gold rush in Myanmar. GDP has climbed up steadily from US$58.68 billion in 2013, to US$64.33 billion in 2014, then US$64.87 billion in 2015. In July 2016, the new […]
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 […]
2C2P, a leading Southeast Asian payment services provider, has landed $7 million in Series C funding from Hong Kong’s Amun Capital and Japan’s GMO Venture Partners. That brings total funding for the 12-year-old company to $10 million. 2C2P will use the funds to make senior hires and to expand its “cards, cash and cash equivalent […]
Viber focuses on Myanmar market where its user base has grown exponentially in 3 years to 5 million.
I attended the media event held by Viber in Yangon this afternoon. Viber is the mobile messaging company that was bought over by Japanese e-commerce giant Rakuten for US$900 million early this year. The team led by Miss Crystal Lee – Viber Country Manager for Philippines showed impressive Myanmar market share figure from OnDevice’s research […]
The website of the Yangon Online Store resembles an early, very pared-down Amazon or eBay site. The familiar categories of merchandise for sale include books, electronics, computers, sports equipment, health & beauty, clothing, automotive, and Apple products. Look a little closer and you will notice that only a few items have prices listed and that […]
The first Myanmar music online store has been launched on Sunday to combat piracy and illegal downloads. The Myanmar Music Store has been selling Myanmar albums online for a week trail run before officially launching its website. It plans to release popular rock star Lay Phyu’s single album, “Diary” which has already sold 4,000 copies. […]