MPT receives licence to launch payment service - Mobile World Live

MPT receives licence to launch payment service

09 OCT 2019

State-owned MPT, the largest mobile operator in Myanmar, received clearance to launch a mobile money service almost 18 months after initially unveiling its plan.

In a statement, the company announced Myanmar’s central bank had approved a mobile financial services licence, enabling it to finally launch its MPT Money service.

MPT first announced plans to introduce the service in March 2018.

The company, with a 44 per cent market share by subscribers, said the service will launch with the goals of promoting the digital economy in Myanmar, and ensuring financial inclusion for everyone.

U Khin Maung Tun, MD of MPT, said fast, easy and secure mobile financial services are coming soon, adding the service will be supported by the operator’s nationwide point-of-sales network.

Back

Author

Joseph Waring

Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining the GSMA, Joseph was group editor for Telecom Asia for more than ten years. In addition to writing features, news and blogs, he...

Read more

Related

Tags