CBM licensing procedures in the spotlight in Yangon

The Central Bank of Myanmar (CBM) should allow financial organisations including fintech companies to operate only after confirming that their business models are credible and licensed, said MP Daw Sandar Min from Seikgyi Khanaungto township during a Yangon Region Parliament session on October 3. The issue was brought up after fintech company Ok Dollar was […]

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 […]

TrueMoney unveils new and improved e-wallet features

ASEAN’s leading e-payment provider, TrueMoney, announced today new and improved features for its TrueMoney Wallet application, designed to serve all of the financial needs for people in Thailand and in the ASEAN region, according to a company statement. Apart from the current services of bill payment, mobile top-up, money transfer, and online and offline payments, […]

E-Commerce Giant Vying for Slice of Migrant Money Transfer Market

Thai e-commerce giant Ascend, which owns the TrueMoney brand, is launching a new money transfer service for Myanmar workers in Thailand that it hopes will be able to compete with a sprawling network of informal lenders who have been used to send remittances from Thailand for decades. TrueMoney Transfer launched earlier this month and by […]