MyCHAT to get mobile payments, from Myanmar

MyanmarMyanmar Times  — MyPAY will operate like a mobile wallet, and users can deposit money on the app by visiting registered cash points staffed by agents, he said, adding the firm plans to offer peer-to-peer as well as peer-to-merchant services. Its parent, MySQUAR, announced yesterday it has linked up with MyPAY, a new company specialising in solving Myanmar’s mobile payment problems.

As Myanmar’s mobile, internet penetration soar, social payments could be next

MyanmarTech in Asia — The Myanmar market is getting online micropayments through social media, thanks to a deal between Singaporean social payments company Fastacash and MyPay, a Myanmar-focused payments provider. Fastacash will make a strategic investment into MyPay, powering the latter’s payments system with its paying-through-your-social-networks tech.

MyChat: a chat app to conquer Myanmar?

Myanmar is a country that is still off the map for most investors and startups. It’s considered to be years behind Cambodia, which is in turn, years behind Vietnam, which is behind Thailand. And everyone is behind Indonesia in interest level. The numbers in Myanmar reveal the reason. In a population of 60 million people, below five million  are online.