Ooredoo’s M-Pitesan launches in next development in popular mobile money industry

  by Ben Roache M-Pitesan, Ooredoo’s entry into the increasingly competitive online mobile money industry, has launched this week. Allowing users to send money to friends and family, as well as purchasing airtime, Ooredoo hopes to change the lives of the people of Myanmar with their new innovative wallet solution. M-Pitesan’s Mobile money app works […]

Monetising Myanmar’s potential

The recent opening up of the country presents an opportunity for technology leap-frogging, even as the burgeoning IT sector is increasingly looking for investments and expertise from foreign companies THERE is little doubt that we are entering the golden era of the information age where innovation is continuing to disrupt a number of industries. At […]

Thai SMEs encouraged to invest in Mandalay

Thailand’s small and medium-sized enterprises (SMEs) are being urged to invest in Myanmar, especially in Mandalay, a region with abundant natural resources, strong agricultural production and growing demand for Thai goods. Speaking at a seminar in Mandalay sponsored by Bangkok Post Plc and Asset Pro Management Co, Nuttaphong Visitkitchakarn, who sits on the executive committee […]

Central Bank of Myanmar delivers green light for mobile wallet OK Dollar

by Ben Roache OK$, a mobile payment service that has recently been heavily advertised throughout Yangon, has been granted a Mobile Financial Services (MFS) licence by the Central Bank of Myanmar. This overcomes a major hurdle between OK$ and next generation retail payment, remittance and funds transfer services in the country. Fig 1 – Screenshot […]

Myanmar insurance to thrive with competition and free market

U Myo Min Thu is the Managing Director of AYA Myanmar Insur­ance (AMI), one of the top three private insurers in Myanmar. AMI was created in 2013 follow­ing the liberalization of economic policy which permitted private insur­ers to enter the market. AMI is the insurance arm of AYA Financial Group, a conglomerate which also owns […]

Video Streaming Key in Fight for Myanmar Mobile Subscribers

YANGON — With faster mobile connections in place and smartphone use on the rise, discount data plans on video services have become a key strategy for Myanmar’s mobile carriers in their fight to attract new subscribers. In June, Myanma Posts and Telecommunications, the country’s biggest carrier, started to offer discounted data plans to view YouTube content and local […]

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, […]

Ooredoo to Roll Out Faster 4G in ‘Most Cities’ After it Secures 1800 MHz Spectrum

Telco Ooredoo has said its 4G network could get up to twice as fast after the operator acquired two blocks of 1800 megahertz spectrum last month. Qatari-backed Ooredoo paid $80 million for 2 x 10 megahertz blocks of the 1800 megahertz spectrum band under the same terms as rival operators Telenor, MPT and Vietnamese-backed newcomer […]

Big 4G Push to Drive Myanmar’s Smartphone Use

YANGON — Smartphone use in Myanmar is getting a major boost as the country’s largest mobile carrier has bumped up the wireless data transmission speed in major cities, paving the way for more fluid video viewing. The government-affiliated Myanma Posts and Telecommunications on Tuesday began full service of 4G mobile data transmission in Myanmar’s three largest cities: Naypyitaw, Yangon […]

Local Job Site JobNet Secures 7-Digit Investment on the Back of ‘Lightning’ Fast Growth

Local job website JobNet.com.mm has secured a 7-digit investment from an un­disclosed “global institu­tion fund” experienced in frontier markets, said the company’s CEO. The undisclosed in­vestment will be used to “ramp up” JobNet’s mar­keting and product de­velopment as online job applications experience a surge in popularity amid the country’s internet connectivity boom. “We are delighted […]