4 ways to boost e-commerce in Myanmar

e-Commerce industry growth will need banks and telcos to reduce service fees, provide better APIs, and simplify procedures to eliminate the hassle of payments Since 2012, foreign investors have been on a gold rush in Myanmar. GDP has climbed up steadily from US$58.68 billion in 2013, to US$64.33 billion in 2014, then US$64.87 billion in 2015. In July 2016, the new […]

Plastic chips away at cash’s dominance in Myanmar

YANGON — Credit cards are gaining traction in Myanmar, where cash has long been king, with foreign players such as China UnionPay and Japan’s JCB lured by rising consumer incomes and an increasingly robust financial infrastructure. JCB, in conjunction with Myanmar Payment Union and Ayeyarwady Bank, also known as Aya Bank, debuted a credit card Tuesday […]

Myanmar Payment Union to Upgrade ATM Card System

RANGOON — The Myanmar Payment Union (MPU) signed with Vietnamese telecom multinational FPT and the National Payment Corporation of Vietnam (NAPAS) on Sunday to initiate a financial switching system, Zaw Lin Htut, chief executive officer of the MPU, told The Irrawaddy. As MPU’s partners, FPT and NAPAS will—starting this year—help facilitate a system upgrade for ATM […]

Vietnamese firm FPT to help build payment system for Myanmar

YANGON – FPT Corp has been selected as the main investor of Myanmar’s national financial switching system. Under the memorandum of understanding signed between the group and the Myanmar Payment Union (MPU) on July 31, FPT Information System (FPT IS) – a member of the FPT Corporation – will start developing the financial switching system […]

Jovago aims high in Myanmar with hotel-booking app for domestic tourists

A NEW HOTEL booking app has been launched in Myanmar with the aim of boosting domestic tourism. Developed by Jovago, the app is available in Burmese and features a selection of more than 700 hotels across the country. It is targeting partnering 95 per cent of hotels in Myanmar by the end of this year. […]

Foreigners eligible to apply for motorcycle licences in Dawei

Foreigners residing and working within Myanmar’s southern Tanintharyi Region for a long period of time are eligible to apply for a regional motorcycle license, according to the Road Transport Administration Department. It is known that those foreign travellers staying within the region for a period of over fifteen days can apply for a motorcycle license, […]

Over 8,000 to Go to Malaysia with Original Work Visa Fee

An agreement has been made in a meeting in Naypyitaw that the 8,107 Myanmar workers who already have permission from the government will be sent to Malaysia with the original work visa fee of $6, U Kyaw Htin Kyaw, general secretary of Myanmar Foreign Employment Entrepreneurs Federation said. “Our association, the Ministry of Labor and […]

Myanmar card payments on the rise as MPU widens network

Card payments in Myanmar are set to rise over the next few months as local shops and supermarkets sign up to Myanmar Payment Union, signalling the beginning of a shift in one of the world’s last cash-based economies. MPU got off to a slow start when it launched in 2012, but with the rise of […]

Vietjet Offers Promotional Fares for Yangon-HCMC Flights

Vietnamese low cost carrier Vietjet said it is selling tickets at special prices for its newest route linking Yangon to Ho Chi Minh City in Vietnam. The sale will go on from 11:30 to 13:30 (Myanmar time) everyday from July 24 to July 29. The carrier said that “lucky tickets” will be available from $0 […]

Myanmar-Thailand visa exemption a boon to both nations

IT WILL soon be easier for citizens of Myanmar and Thailand to travel between the two nations without having a visa for trips of 14 days or less, according to Myanmar’s Ministry of Foreign Affairs. U Sein Oo, director of the council and treaty department under the Ministry of Foreign Affairs said a visa exemption […]