All News and Announcements

Showing 1 - 10 of 17
News

Telenor to Divest Wave Money, Exit Myanmar Mobile Banking

The sale of the stake for $53 million in cash values Wave Money at $104 million and is set to be finalized in the coming days, according to people close to the deal.

News

Central Bank of Myanmar Issues Remittance Licenses to More Local Companies

City Express Myanmar and Money King were granted remittance licenses on 5 January.

News

Bank-Genie Partners With Cufa to Roll-Out Digital Banking for Myanmar Credit Unions

The program will enable credit unions to facilitate loan origination, approvals, disbursements, and deposits digitally.

News

Microfinance Firms in Myanmar Struggle to Stay Afloat in Second Wave

Government travel restrictions and orders to defer repayments and lower interest rates on loans due to COVID-19 have reduced the ability of Myanmar’s microfinance companies to help rural people who desperately need capital.

News

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?

News

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.

News

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.

News

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.

News

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.