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Onepay app helps Myanmar move to a cashless society

The e-payments space has been one to watch during the past 10 years in Myanmar, with Onepay’s interbank app being the most recent innovation to reach the market. Launched earlier this month, Onepay’s mobile platform allows users to transfer funds among seven local institutions – Asia Green Development Bank (AGD Bank), Ayeyarwady Bank (AYA Bank), […]

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Myanmar to receive Austrian loan for national e-ID system

Myanmar will receive a €33 million loan from Austria’s Unicredit Bank to create e-IDs for the country’s population registry, said U Thein Swe, Minister of Labor, Immigration and Population. The 27.5 year, interest-free loan includes a 13.5 year grace period and was first discussed in 2019 between State Counsellor Daw Aung San Suu Kyi and […]

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Singapore’s Infrastructure Asia, Myanmar ink deal on infrastructure collaboration

SINGAPORE – Singapore’s Infrastructure Asia will identify suitable investors for infrastructure projects in Myanmar, following an agreement inked with Myanmar’s Ministry of Planning, Finance and Industry (MoPFI) on Wednesday (May 27). The agreement will help implement projects in the Myanmar Project Bank, an online database of priority infrastructure investments that are aligned with the country’s […]

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Myanmar tourism businesses prepare to reopen

Myanmar tour companies are preparing to organise tours again, which had been suspended since February as part of the government’s efforts to prevent the spread of COVID-19, an official of a local travel association said. Daw Aye Thida Moe, vice chair of the Union of Myanmar Travel Association, said tour companies are awaiting government guidelines […]

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