MPT Expands into Mobile Payments

Telecom operator MPT has expanded into mobile payment services with the introduction on January 28 of mobile financial app MPT Money, which the company hopes will enable greater access to financial solutions across Myanmar.
The app will allow users to make electronic financial transactions such as OTC remittance, wallet services, mobile top-ups for MPT and other providers as well as bill payments. It will also enable users to pay their taxes and receive their pension without leaving home.

“Mobile money solutions represent a significant innovation to improve the provision of financial services and develop a cashless society,” said U Khin Maung Myint, managing director of MPT Money Ltd.
“Our goal is to make digital money transfer services more accessible to everyone and everywhere, with a specific focus on secure and reliable mobile transactions,” he added.

MPT Money offers services through a network of more than 25,000 agents located in 275 townships nationwide. It aims to double the size of its agent network in the coming months.
Myanmar consumers using a SIM card from any telecom operator can register for MPT Money customer accounts and use its services.

“By connecting our customers to mobile wallets, we aim to drive better financial inclusion that will improve the economic and social well-being of millions of Myanmar citizens,” said MPT Money’s chief.
Currently, only six percent of Myanmar’s population have access to financial services,
With a workforce of 8,000 employees, MPT with its partners KSGM provides service to 25 million users across the country.

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Source : Myanamar Business Today

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