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QR code payment system set to launch this year

The Central Bank of Myanmar is set to implement a standardised national payment system by this year, says CBM Vice Governor U Bo Bo Nge. Daw Than Than Swe, director general of the CBM’s Financial Institutions Regulation Department, said to the Myanmar Times that the system will cover international payments, mobile wallets and all mobile […]

MYSQUAR agrees to sell advertising on WeChat in Myanmar

MySQUAR, the Myanmar-language social media, entertainment and payments platform whose principal activity is to design, develop and commercialise Myanmar-focused internet-based mobile applications, is pleased to announce it has entered into a non-exclusive agreement to sell and promote WeChat advertising products and services in Myanmar (“WeChat Agreement”). The WeChat Agreement relates to advertisements from Myanmar based […]

Myanmar’s mobile money services poised for expansion

THE rapid increase in the ranks of smartphone users in Myanmar is providing opportunities for the marketing of mobile money services in the country, a forum has heard. Stephen Swan, head of product and digital at Wave Money Myanmar, which provides the nation’s leading mobile wallet, said mobile penetration rates in Myanmar had exceeded all […]

Myanmar businesses slow to adapt to improvements in Internet

Our study of the Myanmar industry shows that Myanmar businesses are still lagging behind in the use of Internet technology. We studied 72 audit/accounting firms and 44 law firms in Yangon and were flabbergasted to find that 93% and 68% respectively do not have websites and 70% of them are still using Gmail. Our study […]

Social communication app WeChat launches in Myanmar

YANGON, Myanmar – June 23, 2015 – WeChat, one of the world’s leading social communication apps, celebrated its official Myanmar launch in Yangon with its latest user and brand embassador, hip-hop artist Sai Sai. Sai Sai demonstrated his favorite WeChat features to the audience, invited fans to come take photos with him on stage, and […]

Viber focuses on Myanmar market where its user base has grown exponentially in 3 years to 5 million.

I attended the media event held by Viber in Yangon this afternoon. Viber is the mobile messaging company that was bought over by Japanese e-commerce giant Rakuten for US$900 million early this year. The team led by Miss Crystal Lee – Viber Country Manager for Philippines showed impressive Myanmar market share figure from OnDevice’s research […]

How will the entry of two telcos affect Myanmar citizens?

The awarding of two new telecom licenses is a watershed in Myanmar’s road to modernization. It is expected to bring competition and innovation to an otherwise sleepy telecom sector that has been a disappointment to the Myanmar people and a drag on the economy for many years. Myanmar Posts and Telecommunications (MPT) and Yatanarpon will […]

What does an 80% mobile penetration in 3 years mean for the Burmese people?

President Thein Sein has set as a target to grow mobile penetration from the current single digit penetration to 80% in 3 years. What does that mean in terms of the number of mobile phone that need to be sold per year to hit the 80% target? What is the impact of the entrance of […]