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Myanmar shows green light to four more foreign banks, all from Asia

By Juliet Shwe Gaung  for DSA

The Central Bank of Myanmar has awarded preliminary operating licenses to four more foreign banks, all from Asia,  – Bank for Investment and Development of Vietnam, State Bank of India, Taiwan’s Sun Commercial Bank and South Korea’s Shinhan Bank. With this move, the total number of foreign banks that are allowed to operate in the frontier market touches 13. (more…)

Banks, Fintech news, Global trends

March 3, 2016

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Unbanked Stories: Thai, Myanmar, Mexico, Bangladesh, and the Philippines

E27.CO: Philippines-based fin-tech startup LoanSolutions has raised an undisclosed round of funding from a group of international investors led by KK Fund, with participation from other venture capitalist funds and angel investors, including Kickstart Ventures and John Dang, CEO of Zipmatch. (more…)

InspirAsia, Myanmar, Philippines

July 6, 2015

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Singapore’s ConnectNPay And Polish Solution To Myanmar’s Financial Sector

TECHINASIA: Since Myanmar opened up its economy in 2010, after one of the most brutal dictatorships in Asia, capitalism has been on the rise. The country’s abundant natural resources, strategic location between Asia’s powers India and China, and its largely untapped market of 60 million people have caught the interest of foreign investors. (more…)

InspirAsia, Myanmar

May 27, 2015

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In Word-Of-outh Myanmar, Startups Must Enter ‘Trusted Circle’

E27.CO: “The majority of international brands available in Myanmar today are relatively new to the market, and as a result consumers are still familiarising themselves with these brands. They place a great deal of importance in the recommendations of those in their trusted circle of family and friends. For new brands looking to establish a foothold in the market, building awareness, trial and, ultimately, trust is critical to success.” (more…)

InspirAsia, Myanmar

May 7, 2015

Singaporean Investments In Myanmar See Significant Increase

DEALSTREETASIA: The amount of FDI flowing into Myanmar from Singapore has seen a significant increase in recent years. Investment by Singapore organisations in Myanmar has risen 41.5 percent from 2012, hitting $311.4 million in 2013, with a focus on urban development, connectivity and finance, according to Lai Shu Ying, the Southeast Asia director of International Enterprise (IE) Singapore. (more…)

Fintech news, InspirAsia, Myanmar, Singapore

April 13, 2015