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"Fintech is
Booming in
Myanmar?" 
Nan Oo
2019 UPDATED MYANMAR FINTECH REPORT
BROUGHT TO YOU BY
Myanmar at a glance
Population - 54.23 Millions
Internet Access - 33% of people
Card Penetration - 2% ( 2018 )
Mobile Penetration - 95% ( 2018 )
Bank Population - 5% ( 2018 )
Myanmar GDP Growth
Mobile Wallets & Payments
Wave Money is a joint venture between
Telenor and Yoma Bank to provide accessible,
safe and convenientmobile financial services
via a nationwide agent network or via a wave
account on your phone.
WAVE Money
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.
TRUE Money
M-Pitesan is Ooredoo’s Mobile Money
Service which is the easy and safe way to
transfer and receive money, buy airtime or
make payments using your mobile phone
instantly, anywhere, anytime. M-Pitesan is
partnered with CB Bank.
M-Pitesan
OK$ is a 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.
OK$
663 Mobile Money ( by Myanmar Citizen
Bank ) allows users to transfer payments via
mobile phone. Users can securely pay for
phone bills, flight tickets, insurance
premiums, movie tickets, utility bill payments
& transact on e-commerce websites.
663 Phone Pite San
Ongo is a digital payment service which is
fast, safe and a convenient way to pay and
receive money. You can easily manage your
account with the Ongo mobile App.
Ongo
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.
PayHere
MYPAY provides Social Media payments and
helps you to pay via your smartphone. Money
can be sent and received from friends and
family.
MyPay
1-STOP is providing ‘Digital Convenience
Store’ platform which empowers to the retails
connected between urban and rural coverage
in Myanmar.
Near Me
MyKyat allows you to send money to anyone
just using your mobile phone.
MyKyats
EasyPay is a mobie payment solution with
services such as paying bills, B2B payments
and adding phone top-ups.
EasyPay
MyanPay is an easy, fast, and secure
E-commerce system. Their services include
fraud prevention and risk management for
your online Business & E- commerce.
MyanPay
easyBills is an electronic bill payment
solutions in Myanmar.
Easy Bills
ConnectNPay seeks to maximise the total
addressable market available for all financial
institutions and start-ups in Myanmar hrough
building network interoperability.
ConnectNPay
MyTel Pay can transfer money, withdrawal
and mobile top-up. It is going to launch soon.
MyTel Pay
MPT Money is a secure way to perform
financial services. Sending money to a
receiver’s mobile number made simple,
fast, safe. Users can instantly recharge
mobile phone without going anywhere
and pay bills.
MPT Money
ShalPay
You can easily pay all your online bills,
electricity bills, DTH and phone topups
via ShalPay.
Wave Money is Leading The Market
41000 Agents
3000+ATMS
Transferred over 2 Trillion MMK
( $1.3 Billion ) in 2018
7
millions
mobile
unique
customers
13% of Myanmar
Population
7
Fintech Landscape in Myanmar
2018 Update
Thank You...
https://www.adb.org/countries/myanmar/economy
https://www.slideshare.net/ChristianKnig1/fintech-myanmar-startup-report-2018
https://www.flaticon.com
http://www.ooredoo.com.mm/en/Personal/Services/M-Pitesan
https://www.wavemoney.com.mm/
https://truemoney.com.mm
https://ongo.com.mm/en/
http://www.connectnpay.com/
http://www.payhere.com.mm/
https://www.facebook.com/nearme1stop
http://663mobilemoney.com/
http://fintechnews.sg/fintech-myanmar-startups/
https://www.canva.com
https://www.eme.asia/insights/the-fintech-landscape-in-myanmar
Resources

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2019 Updated Fintech Report Myanmar ( Fintech is Booming in Myanmar ? )