Emida signs agreement to offer mobile payment services in Myanmar

Helping to offer payments services in Myanmar

Global prepayment firm Emida and its 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.”

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