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Telcos vie for mobile financial services

YANGON-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, CEO of Ooredoo Myanmar, was happy with the success of M-Pitesan, a product that allows mobile users to enjoy instant money transfers and […]

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 […]

Digitizing Myanmar: How This FinTech Company Helped Cut Local Payments from 5 Hours to 5 Minutes

“No person in Myanmar, no consumer, would probably know who CNP is,” says Patrick Kershaw, the CEO of ConnectNPay (CNP), a fintech company that built the digital financial infrastructure now enabling locals to pay their utility bills and taxes online in Myanmar. “They have no idea, and they don’t need to,” he continues. Instead, says […]