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 top up, eliminating what was previously a cash-based, over the counter transaction. MPU consists of 21 local banks from the private and public … [Read more...]

There’s an App For That (in Myanmar)

Emerging from years of censorship to capitalize on growing demand for local apps, developers jump straight to mobile. In 2004, the same year Facebook was launched by Mark Zuckerberg and his college roommates, an 18-year-old in Yangon was hard at work on Myanmar’s first smartphone app. Their lives couldn’t have been more different. While Silicon Valley was already awash in cash and glamor, Myanmar’s military junta was restricting access to the web. All but a few pages were blocked. Luckily … [Read more...]

Telenor Numbers Begin New Code, Service Area Widens

Telenor has begun to distribute a new series of SIM cards with phone numbers beginning with “78”, where previous cards began with “79”. The Norwegian firm’s network began operations in September last year, and since then it has gathered 6.4 million users in 10 states and regions around the country. “Telenor Myanmar has produced approximately 1.5 million SIM cards per month, but we cannot disclose the exact number,” a company spokesperson told Myanmar Business Today. The firm has 1,850 … [Read more...]

Telecom price war intensifies

The price war in Myanmar's telecoms industry has intensified as the two foreign players stepped up their efforts to dominate the market with cheaper internet packages. The latest battle took place on May 26 when Qatar's Ooredoo announced that it would cut its 3G internet charge from Ks10 per MB to Ks6 for non-contract customers. Ross Cormack, CEO of Ooredoo Myanmar, announced at a press conference: "Our new 3G internet named 'Phalan Phalan Internet' will be available from midnight. You … [Read more...]

Shweproperty.com secures more foreign investment into Myanmar’s fast emerging Tech Sector.

Shweproperty.com is proud to announce their recent win in securing new foreign investment from serial Entrepreneur and investor: Justin Sway, to support and grow their online business in Myanmar. Shweproperty.com, is an online Real Estate Industry website and was the first online property website in Myanmar. The website was founded in 2011 and is now one of Myanmar’s leading and fastest growing companies in the property website industry today. Mr. Kaung Thu Win, the Founder and Managing … [Read more...]

Bad reception Telenor and Ooredoo pick new tower firms

After months of delays due to intense negotiations over pricing and terms, Ooredoo and Telenor have signed a second round of purchase orders for telecommunications towers. But two of the four towers companies originally hired as official vendors have so far been left empty-handed, and two newcomers have been hired instead. Norway’s Telenor has placed a new order for over 700 towers from Apollo Towers and an order for “roughly” 700 towers from a subsidiary of Young Investment Group called … [Read more...]

Red Dot now in 3000 spots

Local payment services firm Red Dot has built up a network of more than 3000 retailers in Mandalay, Nay Pyi Taw and Yangon, chief marketing officer Andy Whelan said at a press conference yesterday. A customer waits at a shop in the Red Dot network. Photo: Naing Wynn Htoon / The Myanmar TimesA customer waits at a shop in the Red Dot network. Photo: Naing Wynn Htoon / The Myanmar Times Shop owners in every township of Myanmar’s three largest cities have set up Red Dot terminals – machines … [Read more...]

Myanmar Tower Co in talks for firm’s sale

Myanmar Tower Company (MTC), which is owned by Digical Asian Holdings, a joint venture between Digicel Group and YSH Finance, has been put up for sale, including all its contracts and sites, according to several market sources. Several companies have made an initial bid and are now carrying out the due diligence process on MTC, according to a source at one of the companies, who did not want to be named as the matter is sensitive. MTC and Yoma Strategic both declined to comment. Digicel … [Read more...]

Mobile boom in Myanmar

The most popular brand in Yangon is iPhone, but Chinese brands are seeing their popularity rise The quest for the best mobile phones is endless in Myanmar as consumers are now offered the vast selection of products to choose from as well as better mobile phone services. In the country where the gross domestic product is among the lowest in the world, at below US$60 billion in 2012, consumers here share the thirst for an iPhone. According to a recent survey by Mileage Communications … [Read more...]

Myanmar mobile growth beats expectations with 18.1m active users

Myanmar’s burgeoning mobile market expanded to at least 18.1 million active users by the end of March 2015, more than double the figure reported a year ago and up from an estimated 4.4 million subscribers in March 2013. Until August 2014 the market was served by a single state-owned provider, Myanmar Post and Telecommunication (MPT), which had limited coverage and severe limitations on its ability to distribute SIMs to the public. The arrival of international telecoms groups Telenor and Ooredoo … [Read more...]