BUSI­NESS ALERTS

Mizzima Business Weekly - - CONTENTS -

Tele­com op­er­a­tor Oore­doo plans to launch mo­bile money ser­vices in Myan­mar, re­ported the Deal Street Asia.

“Hav­ing cho­sen Co-op­er­a­tive Bank (CB Bank) as its bank­ing part­ner, Qatar-based Oore­doo is now await­ing li­cence ap­proval from the Cen­tral Bank of Myan­mar,” said the news agency.

Oore­doo has al­ready com­pleted test­ing the new ser­vice and es­tab­lished in­ter­nal busi­ness pro­cesses to man­age it. M-Pite­san, the new mo­bile money ser­vices, will en­able its cus­tomers to send money in­stantly within Myan­mar. The tele­com provider is hope­ful it can launch the mo­bile money ser­vices this year.

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