Myanmar’s First Private Bank to modernise banking operations with Misys

First Private Bank (FPB) has chosen Misys FusionBanking to streamline operations and digitalise as it takes a significant role in contributing to Myanmar’s growing economy. The bank, which received the first banking licence in Myanmar in 1992, aims to facilitate access to financial services for all and will transform its retail, corporate and digital offering […]

Mobile money regulations released

The Central Bank of Myanmar has released regulations on mobile financial services, widening a market previously limited to banks to include non-banking financial institutions. The Central Bank announced yesterday that it had issued rules on mobile financial services at the end of last month to build an enabling regulatory framework for efficient and secure mobile financial services […]

Yoma Bank, Telenor to Invest in Mobile Payments Joint Venture

Yoma Bank and Telenor are set to invest more than $8 million each over the next year in their new mobile payments joint venture, according to a company filing. Mobile money is expected to be a growth sector as the expansion of access to mobile phone and internet services coincides with efforts to give more […]

Telecom Tax Delayed Until New Gov’t

Finance minister U Win Shein has presented to a union parliamentary meeting a plan to collect commercial tax on every mobile phone top-up credit starting from April 1 when the new government starts their term. The commercial tax on mobile phone users was planned to start in the current government’s term but members of the […]

PTD invites Potential Supplier for Presentation of its Solution; Closing Date: Nov 27, 2015

Subscribe to our tender alert mailing list Post and Telecommunications Department (PTD) under The Ministry of Communications and Information Technology (MCIT) of Myanmar is releasing a public tender in the near future for the procurement of fixed, mobile and portable spectrum monitoring systems. PTD is looking to meet with potential suppliers to receive information on […]

Singapore Firm Acquires Stake in Myanmar Payment Company

Singapore-based payments firm fastacash has made a strategic investment in Myanmar-focused payments company, MyPAY. MyPAY, which is developing a mobile payment system, also has a strategic partnership with local social network MySQUAR, which claims to have 1.5 million user accounts. However, a fastach spokesperson told Myanmar Business Today that the firm “won’t be able to […]

Ooredoo Has Poured $1.4 Billion into Myanmar: CEO

Ooredoo Myanmar’s newly-appointed CEO Rene Meza said that the telecoms firm has invested K1.82 trillion ($1.4 billion) so far in Myanmar, making it the biggest investor in the country’s telecommunications sector. During his first meeting with the media, new CEO Rene Meza shared some business updates including investment in social and community project, network coverage […]

Flexenclosure Receives Multi-million Dollar Data Centre Order in Myanmar

Stockholm-based telecom infrastructure firm Flexenclosure has received a multi-million dollar data centre order from broadband service provider Burst Networks. Under the deal, Flexenclosure will deliver a customised prefabricated modular data centre, its eCentre, for Burst in Myanmar, which is considered one of the fastest growing ICT markets in the world. The eCentre will be built […]

Ooredoo Partners with Tech Startup Bindez to Provide Burmese News Content

Telecom service provider Ooredoo has partnered with local technology startup Bindez to bring a news app for Android users called “Bindez Tha Din”. This is Bindez’ first product to the market and it’s in “Public Beta stage”. Ooredoo and Bindez have been engaged over the last few months in developing an app to serve the […]

Swedish Firm Gets Second Multi-Million Dollar Order from IGT Myanmar

Swedish telecom infrastructure firm Flexenclosure has received its second multi-million dollar order from tower company Irrawaddy Green Towers (IGT). Flexenclosure, a designer and manufacturer of prefabricated data centre buildings and power management systems for the ICT industry, will provide its hybrid power solution, eSite, for 300 telecom sites for IGT around major cities in Myanmar. […]