Emida Signs Agreement to Offer Mobile Payment Services in Myanmar

Share Article

Emida, a leader in the global prepayment and value transfer market, and valued partners recently signed a Memorandum of Understanding (MoU) to offer mobile payment services in Myanmar.

News Image
“This experience combined with that of local market leaders, BOOM and MTI, makes for a compelling partnership to address the exciting opportunities that lie ahead" said Dennis Andrews, Emida, CEO

Emida, a leader in the global prepayment and value transfer market, and valued partners recently signed a Memorandum of Understanding (MoU) to offer mobile payment services in Myanmar.

The MoU parties with Emida are:

  •     Blue Ocean Operating Management (BOOM), a Myanmar-based company offering ICT services;
  •     Myanmar Technologies Investment Corporation (MTI), a Myanmar-based investment company; and
  •     Oceanic Communications Ltd (OCL), a New Zealand-based company offering distribution services in the Pacific and long-term partner of Emida.

Htun Htun Naing, BOOM CEO, said “BOOM’s motto is “make things happen” and we are delighted to help make mobile payments happen for people in Myanmar with great partners.”

“Emida is excited to be entering Myanmar with such prestigious partners. We have worked with OCL for some time and this experience combined with that of local market leaders, BOOM and MTI, makes for a compelling partnership to address the exciting opportunities that lie ahead” said Dennis Andrews, Emida CEO.

“We are glad to be part of the first mobile payment services available in Myanmar in association with BOOM, Emida and OCL” said Htin Aung Khine, MTI CEO.

Craig Beedell, OCL Director, said “This marks a first and important step in our mutual interest of serving the people of Myanmar with mobile payment services. We are delighted to work with BOOM, Emida and MTI to this end.”

About Blue Ocean Operating Management (BOOM)
BOOM, founded by entrepreneur, Htun Htun Naing, is an ICT industry leader in Myanmar offering innovative products and services including mobile content, SMS advertising, mobile rentals at airports and one-stop Call Center – all first of their kind in the local market.

About Emida
Emida is a leader in the global prepayment and value transfer market, operating in 37 countries throughout North, Central and South America, the Caribbean, Africa, Oceania, the Middle East and Europe. We support a network of more than 54,000 retail points with an annual dollar payment volume in excess of $1.5B, processing more than 240 million annual payment transactions. Our network technology enables the domestic and international distribution and value transfer of many types of prepaid products and payment services. Our strategy is to build profitable, robust distribution networks for many prepaid products in targeted operating geographies, and to introduce unique cross border value products between regions. Our payment processing platform provides robust revenue solutions for distributors, ISOs, retailers, carriers and service providers alike.

About Myanmar Technologies Investment Corporation (MTI)
MTI, founded by entrepreneur, Htin Aung Khine, is an investment company in Myanmar focusing on the technology sector. It acts for local and international investors and has close associations with Myanmar ICT companies.

About Oceanic Communications Ltd (OCL)
OCL, a 50/50 joint venture between Oceanic Holdings and the Facey Commodity Company Limited of Jamaica, distributes cellular phones, accessories, airtime recharge cards, and marketing materials on behalf of network operators. It provides services to mobile company 2 Degrees in New Zealand and is one of two worldwide distributors for Digicel, with close links encompassing technical, marketing and sales. With subsidiaries operating in New Zealand, Papua New Guinea, Samoa, Tonga, Vanuatu, and Fiji, OCL has seen revenue growth exceeding 500% in its first 3 years of operation exceeding 500% and was recognized as the 11th fastest growing company in New Zealand in the Deloitte Fast 50 awards for 2010.

For more information visit: http://www.emida.net

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Lisbeth Cabrera Spencer
Emida
(949) 860-3559
Email >
Follow us on
Visit website