A report about Fintech Myanmar Statups in Indonesia powered by www.Fintechnews.sg

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.

3. FINTECHNEWS.SG | FACEBOOK.COM/FINTECHMYANMAR/ | TWITTER.COM/FINTECHMYANMAR
OVERVIEW
A QUICK
Snapshot of Myanmar
Time Line
Startups
INTRODUCTION

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

8. FINTECHNEWS.SG | FACEBOOK.COM/FINTECHMYANMAR/ | TWITTER.COM/FINTECHMYANMAR
FINTECH MYANMAR STARTUP MAP
PaymentsMobile Wallets

9. WAVEMONEY.COM.MM | FACEBOOK.COM/WAVEMONEY | TWITTER.COM/WAVEMONEY_MM
FINTECH STARTUPS - MOBILE WALLETS
WAVE MONEY
Wave Money is an
innovative way to transfer
money anywhere anytime,
safely through your mobile
phone or from one of your
neighborhood Wave Shop
agents.
2015

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

11. OOREDOO.COM.MM/EN/PERSONAL/SERVICES/M-PITESAN.ASPX |
FACEBOOK.COM/OOREDOOMYANMAR
FINTECH STARTUPS - MOBILE WALLETS
M-PITESAN
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.
2017

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

14. ONGO.COM.MM | FACEBOOK.COM/ONGOMOBILEMONEY/
FINTECH STARTUPS - MOBILE WALLETS
ONGO
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.
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

16. MYANMARMOBILEMONEY-EASYPAY.COM | FACEBOOK.COM/MYANMARMOBILEMONEY/
FINTECH STARTUPS - MOBILE WALLETS
EASYPAY
EasyPay is a mobie payment
solution with services such
as paying bills, B2B
payments and adding phone
top-ups.
2017

17. 1STOP.COM.MM/ | FACEBOOK.COM/NEARME1STOP/
FINTECH STARTUPS - MOBILE WALLETS
PAYHERE
1-STOP is providing 'Digital
Convenience Store' platform
which empowers to the
retails connected between
urban and rural coverage in
Myanmar.
2017

18. MYKYAT.COM/ | FACEBOOK.COM/MYKYAT.MYANMAR
FINTECH STARTUPS - MOBILE WALLETS
MYKYAT
MyKyat allows you to send
money to anyone just using
your mobile phone. 2015

19. MYPAY.COM.MM | FACEBOOK.COM/MYPAYMYANMAR
FINTECH STARTUPS - MOBILE WALLETS
MYPAY
MYPAY provides Social
Media payments and helps
you to pay via your
smartphone. Money can be
sent and received from
friends and family.
2015

20. REDDOTNETWORK.COM/ | FACEBOOK.COM/REDDOTNETWORKMYANMAROFFICIALPAGE
FINTECH STARTUPS - MOBILE PAYMENTS
RED DOT
Red dot is a revolutionary
new payments company that
is rapidly building a network
in Myanmar.
2013

21. MYANPAY.COM.MM/ | FACEBOOK.COM/MYANPAY
FINTECH STARTUPS - PAYMENTS
MYANPAY
MyanPay is an easy, fast,
and secure E-commerce
system. Their services
include fraud prevention and
risk management for your
online Business & E-
commerce.
2012

22. EASYBILLS.COM.MM/ | FACEBOOK.COM/EASYBILLSMYANMAR
FINTECH STARTUPS - PAYMENTS
EASYBILLS
easyBills is an electronic bill
payment solutions in
Myanmar.2015

23. CONNECTNPAY.COM/ |
FINTECH STARTUPS - PAYMENTS
CONNECTNPAY
CNP seeks to maximise the
total addressable market
available for all financial
institutions and start-ups in
Myanmar hrough building
network interoperability.
2015

24. IF WE HAVE MISSED YOU
OUT, OR YOU WILL JUST
LIKE TO REACH OUT TO US
FOR MEDIA OR
ADVERTISING INQUIRIES,
KINDLY REACH OUT TO US.
ROYCE@FINTECHNEWS.SG
CHRIS@FINTECHNEWS.SG