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 phones. Giving services for e-commerce is enriching people’s lives technologically. We expect this joint venture with Rocket Internet would become the leader in e-commerce sector.”
As part of the cooperation between Ooredoo and Rocket Internet, Asia Internet Holdings has been established in 15 market places worldwide including Myanmar, Thailand, Singapore, Vietnam, Philippines and Australia for online retail sales and payment methods.
This investment complies with the country’s business rules and regulations and hopes to initiate within the mid-year of 2014.
Rocket Internet is considered a leading business in the area of online payment and e-commerce.