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 […]

MySQUAR says Singapore money transfer tests go well

MySQUAR Limited, the Myanmar-language mobile apps developer, has made a giant stride toward launching its cross-border money transfer (remittance) service. Last week beta remittance tests were conducted and successfully completed between MySQUAR and its partners along the Singapore to Myanmar remittance corridor. The money transfer service is expected to undergo a “soft launch” next month […]

MOBILE MONEY PLATFORM LAUNCH

MySQUAR, the Myanmar-language social media, entertainment and payments platform whose principal activity is to design, develop and commercialise Myanmar-focused internet-based mobile applications, has entered into agreements with Uber Remit Ltd (“Uber Remit”), a New Zealand incorporated cross-border remittance and mobile money transfer provider, and Internet Wallet Myanmar Limited, a Myanmar company trading as OK Dollar […]

Myanmar’s telco revolution opens new chapter

YANGON — Myanmar is three years into a telecoms boom that has changed the physical and technological landscape of the country with unparalleled speed. Since the sector was opened to foreign competition in 2014, thousands of mobile towers have sprung up around the country and more than 30,000km of fiber cable has been connected. Mobile […]

MySQUAR jumps as it links up with Myanmar Railways to provide WiFi and digital content services on trains

“We anticipate this partnership could have vast long-term potential as the railways are improved and railway use is projected to multiply over the coming years as roads become more congested” Shares in MySQUAR Limited (LON:MYSQ) jumped at the opening bell on Thursday after the Myanmar-language social media, entertainment and payment platform signed a deal that […]

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 […]

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 […]

MySQUAR aims for listing in London

The company behind a popular Myanmar chat application won’t wait on Yangon to launch a stock exchange to debut on the public market. MySQUAR – the Singapore-based firm behind localised chat application MyChat – has turned to the London Stock Exchange’s Alternative Investment Market (AIM) for its float, slated for later in 2015. The mobile […]

Line’s instant messaging software aims to take on local leader Viber

Instant messaging service Line aims to give Viber a run for its money after launching in Myanmar on March 24. The service is available on iOS and Android, and aims to woo users partly through its in-app innovations such as group chat and a range of emojis, or small graphics that can be interspersed in […]

Startups in Myanmar Land of temples and tech

The startup culture germinates in an unlikely place REMARKABLE views greet visitors to Phandeeyar, an open-plan office and events space which sits atop a tower block in the centre of Yangon, Myanmar’s biggest city. Its north windows frame golden pagodas and colonial mansions; to the south weather-beaten cargo ships glide up the Yangon River. The […]