Falcon's Invoice Discounting: Your Path to Prosperity
Fintech Myanmar Startup Report 2018
1. POWERED BY FINTECHNEWS.SG
MYANMAR
FINTECH
STARTUP
REPORT
ROYCE NG
2. FINTECHNEWS.SG | FACEBOOK.COM/FINTECHMYANMAR/ | TWITTER.COM/FINTECHMYANMAR
"AFTER DECADES OF
ISOLATION, THE
SOUTHEAST ASIAN NATION
OF MYANMAR IS ROARING
AHEAD WITH THE FASTING
GROWING ECONOMY IN
ASIA IN 2016"
ACCORDING TO THE ASIAN DEVELOPMENT BANK’S
ASIAN DEVELOPMENT OUTLOOK 2016.
4. DIGITAL IN ASIA-PACIFIC IN 2017 REPORT BY KEPIOS, HOOTSUITE & WE ARE SOCIAL
Population 53.4 Million
SNAPSHOT OF MYANMAR
Mobile
Penetration
95%
Internet
Penetration
28%
Banked
Population
5%
Card Penetration: 2%
5. SOURCE: ASIAN DEVELOPMENT BANK (ASIAN DEVELOPMENT OUTLOOK 2017 UPDATE)
NOTE: GDP GROWTH RATE FORECASTS FOR 2017 AND 2018.
SNAPSHOT OF MYANMAR GDP GROWTH
6. PWC MYANMAR BUSINESS GUIDE: FIFTH EDITION OCTOBER 2017
DEVELOPMENT OF FINTECH IN MYANMAR
Oct 2014
9 licenses awarded to
foreign bank, including
OCBC and UOB
March 2016
4 more licenses
awarded to foreign
banks
October 2016
FPT Myanmar signs
10-year agreement
with Myanmar
Payment Union to
improve nation-wide
payment services
Central bank of
Myanmar (CBM)
become indendent
body.
2013
2011
End of
Junta Rule
CBM issues
Regulation on Mobile
Financial Services
TrueMoney, a
Thailand-based online
payment
company launched
remittance service
November 2016
Wave
Money becomes
company to receive a
license under new
regulations.
Myanmar mobile
payments firm MyPay
Ltd acquired
Singapore’s
Fastacash, a social
and mobile payment
platform
to remit money..
March 2017
Government issues 2
telecommunications
license to foreign
operators
7. NUMBER OF FINTECH STARTUPS IN SOUTHEAST ASIA
0
50
100
150
200
Vietnam
C
am
bodia
M
yanm
ar
Indonesia
M
alaysia
Philippines
Singapore
250
FINTECHNEWS.SG COUNTRY FINTECH STARTUP REPORTS
10. TRUEMONEY.COM.MM | FACEBOOK.COM/TRUEMONEYMYANMAR
FINTECH STARTUPS - MOBILE WALLETS
TRUEMONEY
MYANMAR TrueMoney Myanmar
provides the new payment
solution with multiple
services tailored to the
needs for the community.
The products of TrueMoney
Myanmar are remittance,
top-up and bill payment.
2014
12. OKDOLLAR.COM | FACEBOOK.COM/OKDOLLARAPP/
FINTECH STARTUPS - MOBILE WALLETS
OK$
OK$ is mobile payment
system which claims to be
fast, secure and safe. It
allows users to recharge
mobiles & DTH, buy movie
tickets, share bills, share rent
with friend, buy flowers,
order pizza, shop online and
etc.
2017
13. 663MOBILEMONEY.COM | FACEBOOK.COM/663MOBILEMONEY/
FINTECH STARTUPS - MOBILE WALLETS
663 MOBILE MONEY
663 Mobile Money allows
you to make
transfers/payments using
your mobile phone. Users
can securely pay for your
prepaid mobile phone
connection, post-paid mobile
bills, flight tickets, insurance
premiums, movie tickets,
utility bill payments &
transact on e-commerce
websites, all without sharing
personal financial
information with anyone.
2017
15. PAYHERE.COM.MM | FACEBOOK.COM/PAYHERE4ALL/
FINTECH STARTUPS - MOBILE WALLETS
PAYHERE
PayHere is a digital
convenience store which
provides Providing
eCommerce Payment, Teleco
Topup Cards (MPT, Telenor,
Ooredoo and MEC), Others
Topup (easyPoints, Google
Play, iTunes, ..), Electricity
Bills and 4TV monthly bills
payment
2017
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ROYCE@FINTECHNEWS.SG
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