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.
The world’s most popular social network, Facebook, has made millions of new “friends” in Myanmar over the last few years. In that time, the site has played the part of nationwide news outlet, emergency relief coordinator and community water cooler – but it has also provided a backdrop for privacy invasion and cyber bullying.
State-owned telecoms operator Myanma Posts and Telecommunications (MPT) has started offering Facebook’s Free Basics, a service meant to connect the global unconnected with rudimentary internet access, and which has stirred controversy in neighbouring India.
KBZ Gateway has teamed up with Asia Satellite Telecommunications (AsiaSat) and satellite service provider Hughes Network Systems to boost nationwide telecoms coverage and provide businesses and people with connectivity from high above the earth.
Downtown community tech centre Phandeeyar has received US$2 million in grant funding from Omidyar Network, the philanthropic investment firm co-founded by eBay originator Pierre Omidyar.