CB Bank enter into technical collaboration with CISCO for Data Center and Core Network Infrastructure

YANGON, Myanmar, Oct. 11, 2017 /PRNewswire/ — CB Bank and Cisco are pleased to enter a technical collaboration agreement to transform the Data Center and Core Network Infrastructure to enable core banking application, digital banking and international services to be delivered to its customers and partners in a secure manner. At the same time, CB […]

CB Bank launches contactless system with Visa, Master

INTERNATIONAL payment service providers Visa and Master have launched a contactless payment system in collaboration with CB Bank. It aims to substitute the current cash payment system in Myanmar, U Zayar Aung, head of cards at CB Bank told The Myanmar Times. The service will allow users to make payments by just touching their debit […]

Mobile operators join war on cash

WHILE Myanmar is still a cash-dominated society, the nation’s three telecommunications operators are trying to change that as they vie for the lead in the country’s nascent mobile financial market. Vikram Sinha, acting CEO of Ooredoo Myanmar, announced on Thursday the launch of M-Pitesan, a product that allows mobile users to enjoy instant money transfers […]

Ooredoo’s M-Pitesan launches in next development in popular mobile money industry

  by Ben Roache M-Pitesan, Ooredoo’s entry into the increasingly competitive online mobile money industry, has launched this week. Allowing users to send money to friends and family, as well as purchasing airtime, Ooredoo hopes to change the lives of the people of Myanmar with their new innovative wallet solution. M-Pitesan’s Mobile money app works […]

Jovago Offers Myanmar Online Payment Method

Jovago.net, a hotel-booking website, has introduced two new online payment methods in partnership with 2C2P. “The new payment sys­tem will help our busi­ness move from manual payment to a digital vir­tual payment system to improve customer satis­faction and ease of trans­action. We are happy to provide better payment system in response to our valuable customers,” […]

Central Bank of Myanmar delivers green light for mobile wallet OK Dollar

by Ben Roache OK$, a mobile payment service that has recently been heavily advertised throughout Yangon, has been granted a Mobile Financial Services (MFS) licence by the Central Bank of Myanmar. This overcomes a major hurdle between OK$ and next generation retail payment, remittance and funds transfer services in the country. Fig 1 – Screenshot […]

Citizens working overseas expected to boost demand for condo market

Real estate portal Shwe Property will be hold their first real estate expo in Singapore this month on August 26 and 27, targeting Myanmar citizens working in the city state. “It’s the first Shwe Property Expo catered to the Myanmar people working in Singapore. “Currently we have already over 1,350 registered visitors who are all […]

Grab to invest US$100m in Myanmar as smartphone use surges

[SINGAPORE] Grab, Southeast Asia’s biggest ride-hailing app, plans to invest US$100 million in Myanmar as it extends its battle with Uber Technologies to capture exploding use of smartphones. Grab will invest the money over the next three years and work with local governments to expand ride-hailing to more cities and roll out services such as […]

Ooredoo with M-Pitesan is going after Wave Money

Myanmar used to be the last telco frontier. Not anymore. Internet penetration has doubled in over 1 year and the country counts now more than 14 million online users. Myanmar is truly embracing the digital lifestyle. Main drivers of this growth, the mobile operators are fiercely fighting to gain market share. On the technology battlefield, […]