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Second mobile money service for Myanmar in 2017

Appears Myanmar will have two mobile money services in operation by end 2017, raising interconnection issues for which there still is no regulatory mechanism in place.

The new mobile money services, M-Pitesan, will enable the telco’s customers to send money instantly within the country. Customers will also be able to buy airtime for themselves or others, said Jacques Voogt, Chief M-Commerce officer for Ooredoo Myanmar.

Since the entry of foreign telecom players in 2014, Myanmar has seen its mobile penetration cross 90 per cent. With about 77 per cent of the population lacking access to banking, mobile money services offer an opportunity to drive financial inclusion in the country. Currently, only one telecom operator – Telenor – offers mobile money service

Read more at: http://www.dealstreetasia.com/stories/myanmar-ooredoo-gets-ready-for-its-mobile-wallet-m-pitesan-71141/

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