Myanmar consumers still lack wide awareness of cashless payment systems

Although more than 40 percent of Myanmar consumers expect to utilise cashless payment in the coming year, awareness of contactless and QR systems is still low, according to a recent study by Visa exploring Myanmar consumers’ perception, attitudes, and behaviours towards payment and new payment systems. The study surveyed 504 people across Yangon, Pathein, Mandalay […]

Local retailers balk at foreign competition as economy slows

While opening up the domestic retail and wholesale sector to foreign ownership has succeeded in generating rising investor interest, local concerns over the move by the Ministry of Commerce (MOC) have also grown. Chief among those concerns is foreign competition. In fact, local retailers say there should be restrictions placed on foreign firms that directly […]

Japanese firm to build train station along Yangon Circular Railway

Japan’s Hello Communications has submitted a proposal to upgrade train stations along the Yangon Circular Railway to Myanma Railways, which operates the line, U Arkar Min Thu, general manager of the economic department under Myanma Railways, told The Myanmar Times on Tuesday. It is the first time Myanma Railways is receiving proposals from the private […]

Top Myanmar retailer to launch e-wallet with Thai technology

Win Win Tint, founder and managing director of CMHL, said in an exclusive interview that the firms recently signed a memorandum of understanding to form a joint venture. According to the pact, T2P will share its experience in developing both fintech and customer-loyalty programmes of the retailer by providing the technology to run its loyalty […]

Myanmar’s ABC wants partners for basics

ABC Group, operator of ABC convenience stores in Myanmar, is looking for foreign partners to help it expand. A deal with foreign partners would help the company branch into other retail formats such as hypermarkets and supermarkets, said Wai Thit Lwin, managing director of the ABC chain. Myanmar’s retail sector is rife with opportunities for […]

No Booze Sales After 10pm for Convenience Stores

Township administrators have instructed 24-hour convenience stores in Yangon not to sell alcohol after 10pm, a senior police official said. The ward and township administrators will now join forces with the police to carry out surprise inspections to stamp out alcohol and beer sales after 10pm at stores. If found guilty, the authorities will process […]