Digicel in Myanmar: Early legal certainty on mobile money needed

Posted on March 31, 2013  /  0 Comments

Digicel made its name and fortune in the Caribbean. Then it became a major regional player in the Pacific. Now it is hoping to land a license in Myanmar, a much larger market than the ones its operates in. Interestingly, they are pushing for an enabling framework for mobile money, even ahead of getting the telecom license:

“The telecommunications sector offers many opportunities, and companies can provide a variety of services in this industry,” said Lorna J. McPherson, the operations director of the Irish-owned Myanmar Digicel Company.

Speaking at the Banking, Finance and Insurance Global Summit held at Yangon’s Inya Lake Hotel on Tuesday, she said that the Central Bank must set clear guidelines for mobile banking and financial inclusion.

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