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Red Dot closure concerns spread to industry, draws light on licensing procedures

Disenfranchised agents of the now defunct Red Dot Network Ltd plan to file a court case against the payment-solutions provider after being turned down by the Consumer Protection Central Committee, which said their case could not be handled under the Consumer Protection Law. The agents are unhappy that deposits paid to Red Dot will likely […]

Myanmar’s mobile money services poised for expansion

THE rapid increase in the ranks of smartphone users in Myanmar is providing opportunities for the marketing of mobile money services in the country, a forum has heard. Stephen Swan, head of product and digital at Wave Money Myanmar, which provides the nation’s leading mobile wallet, said mobile penetration rates in Myanmar had exceeded all […]