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How Oway plans to win Myanmar as the country strives to build a digital ecosystem

With its online travel agency, ride-hailing services, and corporate fleet services, Oway is one of the leading names in local tech ecosystem Looking at the services that Oway is offering, it is hard not to compare the Myanmar-based startup with its regional competitors Grab and gojek. Starting off an as online travel agency, which was […]

WaveMoney, Yoma Bank collaborate to extend collateral-free loans

Wave Money has officially announced a collaboration with Yoma Bank Ltd to boost the development of micro, small and medium enterprises (MSMEs) in Myanmar. Through the collaboration, Yoma Bank provides unsecured, instant credit to Wave Money agents to help these agents operate their businesses more productively. Wave Money is a joint venture between telecommunications company […]

Wave Money focuses on 4G finance opportunities

Wave Money CEO Brad Jones (pictured) explained 5G will be a long-term play for the mobile financial sector, tipping the technology to open new services which enhance core mobile money services rather than radically alter their make-up. The company, a joint venture between Telenor and Yoma Bank operating in Myanmar, isn’t looking at 5G “that […]

Myanmar’s digital money transfers set to triple in 2019

<ahref=”https://youtu.be/pCvYiQYDHcE” target=”_blank”> YANGON — Digital money transfer services in Myanmar by mobile phone operators and banks have all but replaced traditional remittances in only a few years. CEO Brad Jones of Digital Money Myanmar — operator of the country’s leading remittance provider Wave Money — says transactions via the service exceeded 2 trillion kyat ($1.3 […]

Telenor Partners with TikTok Video Platform

Realizing the rising popularity of digital video content among users, Telenor has announced that they have successfully partnered with TikTok, the world’s short-video platform. With this partnership, Telenor has become the first partner of TikTok in Myanmar. As of early 2019, TikTok is available in over 150 markets, and in 75 languages. It was also […]

Telenor now largest 4G network in Myanmar

Telenor Myanmar is now the largest 4G/LTE network in Myanmar, covering more than 300 townships with over 6100 LTE sites nationwide, the telecommunications services provider said in a statement last week. That’s almost all the townships in Myanmar. During the first quarter of 2019, Telenor Myanmar rolled out 856 LTE sites in its network. It […]

Concerns mount in the wake of Red Dot shutdown

Agents of Red Dot Network Ltd are unhappy that deposits paid to the now defunct payment solutions provider will likely not be returned to them. Red Dot’s system involves small terminals and trading balances. The firm buys credit from Myanmar’s telcos – Ooredoo, Telenor, MecTel and MPT – the same as that which shop owners […]

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 […]

Telenor partners Experian to deploy technology enabling subscribers to gain credit access

Telenor Myanmar has announced a partnership with digital information services provider Experian to reach Myanmar’s unbanked individuals, households and small businesses. By leveraging Experian’s Myanmar ecosystem, which includes financial institutions, Telenor Myanmar is aiming to help those who do not have bank accounts gain access to credit otherwise only available to those with a banking […]

Telenor Tops Taxpayer List in Myanmar

Yangon – Telenor Myanmar stands as the largest taxpayer among all foreign companies operating in Myanmar, contributing to both the commercial tax and corporate income tax sectors for 2018 tax assessment year, according to an announcement from Myanmar’s internal revenue department last week. The announcement stated that Telenor Myanmar ranks first on the international companies […]