Plans to bring the M-Pesa mobile payments platform to Myanmar are in the pipeline for Vodafone. This may depend on whether or not it wins a bid to operate a mobile network in the South East Asian country.
As the country opens its borders to the outside world, Myanmar has invited telecommunications companies to bid for two mobile licenses in the country. Vodafone and China Mobile are majoring a joint offer according to some reports.
Myanmar’s payments infrastructure is still in its development stages. Handset penetration is below 10% and Visa and MasterCard have begun working with local banks on point-of-sale systems and ATMs.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.