Tagged: myanmar

Fintech Firm Ant Financial Partners Myanmar’s Wave Money to Promote Financial Inclusion for the Underbanked

Ant Financial, the Fintech division of Chinese multinational e-commerce giant Alibaba Group (NYSE:BABA), has teamed up with Digital Money Myanmar (Wave Money), in order to promote financial inclusion and help the country’s unbanked and underbanked population. Ant Financial will offer its expertise in mobile and… Read More

Myanmar’s Online Lending App Mother Finance Partners NearMe Digital Services to Offer Credit to NearMe’s Partner Network

Mother Finance Co Ltd, the developer of the first digital lending app in Myanmar, and NearMe Digital Services, a local online services platform for retailers, have teamed up to offer credit to NearMe’s agent and partner network. Mother Finance is incorporated in the Republic of… Read More

Myanmar’s Digital Commerce Platform Get to Acquire Fintech Daung Capital

Myanmar’s online commerce platform Get is set to acquire Fintech Daung Capital, which focuses on offering a digital platform for education finance, cash advance distribution, and a rent-to-own option for personal and commercial automobiles. The transaction reportedly includes all of Daung’s assets, which comprise all… Read More

National Bank of Canada Invests in Myanmar Fintech Company ONGO

Last week, ONGO, a mobile payments platform based in Myanmar, announced a strategic partnership with the National Bank of Canada (NBC). According to ONGO’s announcement, NBC acquired a 22% stake in ONGO. The company declined to disclose any other terms of the deal. ONGO is… Read More

Myanmar Implements UnionPay Chip Cards in Continued Banking Modernization

While the Western world and other parts of Asia surge forward with fintech innovations, from blockchain technology to digital banking features and services, Myanmar celebrates other banking development wins as the country continues to modernize. Earlier this week, Enterprise Innovation reported that Myanmar — formerly known… Read More

World Bank Invests in Myanmar’s Financial Inclusion, $100M in Credit

The World Bank established the Financial Sector Development Project to support Myanmar’s SMEs — the latest sign of progress in the country’s economy.  The five-year project includes $100 million in credit, which will be used to allow SMEs increased access to financial services.  The project will… Read More

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