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COVID-19 Is Boosting Fintech and Mobile Money in Myanmar, but What’s Next?

Where does Myanmar’s fintech industry stand after its first decade?

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Lift and Department of Social Welfare Announce $9 Million in COVID-19 Cash Support

Myanmar Ministry of Social Welfare, Relief and Resettlement, Department of Social Welfare and Livelihoods and Food Security Fund LIFT have announced funding of $9 million in COVID-19 cash support to mothers, pregnant women and social pension beneficiaries.

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Yoma Strategic's Mobile Payments Joint Venture in Myanmar Ties up With Alipay Operator

The partnership will allow Wave Money to leverage Ant Group's experience in building mobile payment platforms to enhance its digital competence, capabilities, user experience and service offerings.

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Myanmar Govt Extends Temporary Suspension of Microfinance Operations to May 15

The temporary suspension of microfinance activities aligns with government efforts to prevent the spread of COVID-19 through mass gatherings and close contact.

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Thailand-Based Thitikorn Buying Microfinance Institution Myanmar Financial International Limited (MFIL)

Thai consumer finance firm Thitikorn recently secured agreement from the shareholders of Myanmar Financial International Limited (MFIL), a microfinance provider in Myanmar, to buy the company for no less than two times its audited book value.