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As remittance market reaches saturation, mobile money keeps growing

If the mobile money market were a football match, then the second half has just begun. As the undisputed market leader, Wave Money is already a few goals ahead. It reports having almost 50,000 agents and more than 11 million customers, who remitted US$2.8 billion between January and September of this year. By the end […]

Ongo digitises microfinance loan repayments

Digital payment service provider Ongo is partnering with microfinance lender Advans MFI Myanmar Co to digitise loan repayments. The move will enable Advans borrowers to pay back their loans more quickly and easily with a mobile app or with an QR Card at any Ongo agent, the company said in a press statement. Advans Myanmar […]

BRAC partners with Ongo to digitise microfinance repayments

Ongo, a local digital payment service provider, last week announced a partnership with BRAC Myanmar Microfinance Company (BRAC) to fully digitise the latter’s loan repayments. Under the agreement, BRAC borrowers can quickly and easily pay back their loans with the Ongo mobile app or with an Ongo QR Card at any of Ongo’s 1800 agents […]

Digital landscape rapidly changing

Today’s smartphones can now show people what apps they use most frequently, how much time they spend on them and remind them to take a break. Moreover some mobile applications can have different settings for use by adults and children and limit applications and games by age, because many children use their parents’ phones. “Nowadays […]

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 […]

TrueMoney finds a niche in Myanmar’s mobile fintech space

TrueMoney, one of the newest additions to the string of fintech firms vying for a slice of the mobile money market in Myanmar, is upping its game in the face of rising competition. Its strategy is to meet demand for a service to facilitate international mobile cash transfers by Myanmar residents. “We have a channel […]

Ooredoo with M-Pitesan is going after Wave Money

Myanmar used to be the last telco frontier. Not anymore. Internet penetration has doubled in over 1 year and the country counts now more than 14 million online users. Myanmar is truly embracing the digital lifestyle. Main drivers of this growth, the mobile operators are fiercely fighting to gain market share. On the technology battlefield, […]