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Get All Myanmar aims high for rapid growth to expand overseas

WITH online to offline (O2O) platforms on the rise across Asia, Get All Myanmar Co, a locally owned enterprise that began commercial operations in February this year, is confident that it will be able to expand overseas in a few years, according to Nyein Chan Soe Win, the firm’s co-founder and chief executive. “We have […]

Illicit imports threaten Myanmar’s e-commerce players

The commerce ministry committed to developing the country’s nascent e-commerce sector as a means to boost trade and create jobs, but the lack of infrastructure and rampant illicit trade pose a serious threat to the emerging industry. The report from the United Nations Conference on Trade and Development (UNCTAD) titled “Rapid eTrade Readiness Assessment of […]

Developing nations must be financially educated: Experts

Technology is going a long way in helping reach the masses. Especially, with a substantial increase in mobile phone penetration in the past few years, accessing people has become a lot more easier, stated the panelists, while discussing the social impact through Fintech. Addressing a gathering at the Vizag Fintech Festival 2018 here on Tuesday, […]

Innoveller transforms bus industry, but faces payment, policy roadblocks

For Ko Kyaw Kyaw Win, co-founder of Innoveller Co Ltd, the opportunity to digitise and expand the Myanmar bus services industry was obvious. With hundreds of express buses departing across the country each day and no central platform to aggregate those routes, the solution to clearing up operator inefficiencies and passenger frustrations was clear. “There […]

Tech Venture Capital Firm Receives $5 Mln Investment

Myanmar’s larg­est online prop­erty portal, iMy­anmarHouse.com has announced an investment of $5 million into a venture capital (VC) fund for local tech startups, U Nay Min Thu, Managing Director of iMyanmarHouse.com, told Myanmar Business Today. “Myanmar’s tech startup community is far smaller and less developed than neighboring countries. The fund will encourage en­trepreneurs by rewarding […]

Mastercard to keep high growth rate in Myanmar

Ravinder Aurora, executive director for global public policy and community relations at Mastercard, said at a press conference yesterday that the company enjoyed double digit growth in terms of the number of card users and transaction value by using the cards every year. “Currently, I believe there are roughly about 2 million cards within the […]

No employees, no office, and a handful of cash: how a Burmese entrepreneur’s dream came true

For a country where living standards scrape the bottom of the barrel, it’s hard to imagine that car prices in Myanmar were sky high a decade ago. Thanks to import restrictions imposed by the previous military regime in the early 2000s, a second-hand Toyota van used to cost about K100 million (US$97,000) in Myanmar. According […]

Revo Tech Wants To Be A Leader In Myanmar’s Growing Startup Ecosystem

After years of dealing with slow and expensive broadband connections, many Myanmar Internet users finally got access to affordable 3G thanks to recent service rollouts by telecoms Telenor and Ooredoo. A Yangon-based mobile app company called Revo Tech hopes to take advantage of the country’s speedier Internet by becoming a “first mover” in its startup […]