The firm’s “myKyat” mobile banking service will be launched in conjunction with First Private Bank. It will be an advanced form of mobile banking, allowing the unbanked to have wider access to financial services, according to Tim Scheffmann, CEO of Frontier Technology Partners.
myKyat soft launched on 8th December 2014 with the first successful mobile transactions.
myKyat operates under the license issued by the Central Bank of Myanmar to First Private Bank Limited. This is a key milestone in the financial development of Myanmar.
@Hez Holland Mobile banker: Thura Soe-Paing in his offices on the outskirts of Yangon Thura Soe-Paing is Myanmar’s accidental entrepreneur. Arriving back home in 2010 thanks to his Brazilian diplomat wife’s posting there, the former banker and consultant walked into three years of extraordinary political change – and a surprising new business developing mobile telephone-based banking.
Building 17, Second Floor, MICT Park, Hlaing Township, Yangon.
