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MPT Expands into Mobile Payments

Telecom operator MPT has expanded into mobile payment services with the introduction on January 28 of mobile financial app MPT Money, which the company hopes will enable greater access to financial solutions across Myanmar. The app will allow users to make electronic financial transactions such as OTC remittance, wallet services, mobile top-ups for MPT and […]

GrabPay sets sights on Cambodia and Myanmar

Southeast Asia’s largest ride-hailing group plans to take its mobile payments service into Cambodia and Myanmar as it expands its range of businesses throughout ASEAN countries, according to a senior executive. Reuben Lai, senior managing director of the Singapore-based company’s financial arm, identified the two countries as next on the list. Grab’s ride-hailing app is […]

Mysquare : AIM-listed MySQUAR acquires MyPAY Myanmar, raises $2.9m to fund deal

AIM-listed MySQUAR Ltd, a Myanmar-language social media, entertainment and payment platform, has announced the acquisition of mobile payment operator MyPAY Myanmar Ltd, for a consideration of 2 million ($2.6 million), according to its filing on the London Stock Exchange. MySQUAR simultaneously also announced raising 2.2 million ($2.9 million) through a convertible bond issue offering to […]

MyCHAT to get mobile payments

Local chat app MyCHAT is moving toward allowing mobile payment on its platform. Its parent, MySQUAR, announced yesterday it has linked up with MyPAY, a new company specialising in solving Myanmar’s mobile payment problems. Under a five-year agreement, MyPAY’s mobile payment services will become a feature of MyCHAT, according to a company statement. The link-up […]