MPT receives Mobile Financial Services license in Myanmar

MPT, Myanmar’s first and leading telecommunication operator, has been granted a mobile financial services license by the Central Bank of Myanmar on October 1st 2019.

MPT Money will be launched with a goal to promote the digital economy in Myanmar and ensure financial inclusion for everyone, utilizing modern technology to meet its Customers’ requirements and expectations in accordance with strict requirements of regulators.

MPT Money will be launched with in-app payment functions allowing fast and secure money transfers. Managing home finances, like utility bills, loans, or savings will be much easier with MPT Money. Moreover, user-friendly technology will make electronic transactions more convenient for both customers and vendors.

U Khin Maung Tun, Managing Director of MPT said that MPT Money would be launching soon with fast, easy and secured digital mobile financial services according to the report.

Sources: MPT