Headquartered in Yangon, MYPAY is Myanmar’s first social payments company. In a financial environment where 52 million people cannot transfer money across banks, MYPAY is introducing money transfers and payments via social media platforms. Due to the late opening of Myanmar’s economy, almost every mobile phone is a smartphone with preinstalled Facebook and Viber apps. MYPAY is using these in combination with QR codes and NFC (near field communication) solutions to drive financial inclusion via agent and mobile banking. To build on proven success – MYPAY has commercial agreements with Cellum, a mobile wallet provider with 15 years experience and MYSQUAR, a social media platform to access 3 million registered users and accelerate its adoption.
MYPAY wins the ‘Mondato Award in Emerging Asia 2016’ (20 October 2016)
MYPAY seeks to make online payments as easy as posting on Facebook (9 July 2016)
Cellum and MYPAY empower mobile commerce in Myanmar (24 May 2016)