Tagged: myanmar

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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