Blockchain technology – long touted for its revolutionary potential in the world of finance – could be coming to Myanmar, where a local company is hoping to become one of the first microfinance firms in the world to use a blockchain-based core banking system.
Since Myanmar’s telecoms revolution began in 2014, the number of internet users has risen from 2 million to more than 39 million, while the number of SIM cards in circulation has risen by almost 400 percent, according to government figures.
Telenor Myanmar chief Petter Furberg is leaving his dream job to spend more time with his family after three years at the helm of one of the country’s first foreign mobile operators. He spoke with The Myanmar Times yesterday about his future at Telenor’s Asia digital business arm, and about the company he has helped build and is now leaving behind.
Yoma bank plans to start offering its digital payment service – Wave Money – within a few months, according to the bank’s chief executive officer Hal Bosher.