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Fintech firms partner to expand reach in Myanmar

Local digital payments provider Ongo and mobile data operator Ananda yesterday announced a partnership to expand the reach of their services in Myanmar. Under the agreement, Ananda users will have the added option of topping up their accounts at Ongo agents across the country as well as on its mobile application when they sign up […]

MIH unveils Myanmar’s fastest fibre-optic Internet

Service provider Myanmar Information Highway (MIH) has introduced the country’s fastest fibre-optic Internet broadband for business, with 100-gigabit-per-second (Gbps) network capacity, covering 23 townships and major buildings in Yangon. Managing director Sunti Medhavikul said communication infrastructure was one of the keys to businesses success in the digital era. According to “Internetworldstat 2017”, Internet penetration Myanmar […]

Taxi Apps on the Market, but Can They Solve the Yangon Problem?

Lately, several local taxi hailing services have been developed, such as hittch.com and hohotransport.com, which hope to copy the American taxi hiring app Uber’s model of calling taxis to users’ location but using mainly registered taxis. As of now, they are unusably buggy, as to be expected with newly developed web apps, and these problems […]

High rents holding back telecoms firms, claims CEO

Telecommunications companies are struggling to secure initial capital investment and cope with extortionate rents, said CEO Tun Thura Thet from Myanmar Information Technology (MIT) during an Asean business forum. “Land and rental prices in Myanmar are higher than those in Silicon Valley in the United States. It is depends on the location. If an office […]

Telenor Still Negotiating With Myanmar Govt Over Telecoms License

YANGON — Myanmar’s much-anticipated foreign-offered mobile telecommunications services are unlikely to be available before August 2014, as negotiations continue over finalizing network operator licenses and related telecoms rules. “We are in discussions with the government about the draft license and we expect that to complete by the end of this year,” Telenor Myanmar CEO Petter […]