How the pandemic made fintech matter again in Myanmar

The banking sector made Myanmar distrustful of non-cash transactions – how did the pandemic turn the nation back to financial inclusion? Myanmar was considered Asia’s last frontier market, not too long ago – rich in natural resources and investment potential, but only just emerging to the possibilities of digitization. About a decade later, sweeping reforms […]

Can Myanmar become a cashless society?

Cash is king, or so the saying goes, and this is especially true in Myanmar. Traditional financial institutions don’t have a strong hold on the market – an estimated 74% of Myanmar’s citizens don’t have a bank account – and fintech apps such as e-wallets are a relatively novel concept. Long known to be Asia’s […]

Myanmar Inks Four Agreements With S.Korea to Cooperate on Education, Environment, Tech

YANGON—Myanmar signed four Memorandums of Understanding (MOUs) with South Korea on cooperation on fisheries; technical and vocational training; the environment; and development of digital economy, higher education, smart cities and connectivity during State Counselor Daw Aung San Suu Kyi’s trip to Busan earlier this week. The State Counselor visited the city from Nov. 25-27 to […]

How to choose the right Internet provider for your business

Since the launch of www.internetinmyanmar.com, we received a significant amount of questions about business Internet. How do you select the best broadband provider for your business in Myanmar? What are the key criteria that need to be thoroughly considered when choosing a business Internet service provider (ISP)? Which are the top business Internet service providers […]

Sustainable ecosystem needed for telecom boom in Myanmar

THE PROSPECTS of Myanmar experiencing a sudden boom in telecom will not be realised if the authorities failed to create a sustainable ecosystem in time, according to speakers at Myanmar Connect 2018, held on September 18-19. Sharad Mehrotra, chief executive of Telenor Myanmar, said the most urgent thing Myanmar needs to do is to establish […]

Yangon Has 4th-Fastest 4G Speeds in East Asia, Survey Finds

YANGON — Myanmar’s commercial capital Yangon ranked fourth among East Asian cities in terms of 4G download and upload speeds in a report released by OpenSignal on Thursday. The telecommunications coverage mapping company studied 12 major economic centers in the region for a three-month period. “The result is surprising,” said OpenSignal, which listed a group […]

Convenience, security give new Myanmar ride-hailing app an edge

Ride-hailing apps are spreading throughout Asia and Myanmar is the latest country to jump on this increasingly popular bandwagon, with the planned launch of an Uber-style service. Mr Saw Myo Chit, a 33-year-old father of two, is a driver for a local company and earns about US$300 a month. However, with a two-week-old newborn and […]

Unreliable networks stem cash flow at Myanmar’s ATMs

Myanmar, one of the final frontiers for the international financial system, now boasts over 2,000 automatic teller machines (ATM) and credit card services provided by global brands such as MasterCard and Visa. Yet in a country where electricity is provided in fits and spurts, and internet connection is difficult to guarantee, online banking and ATM […]