Deputy Minister of Communications of Myanmar to Open Mobile Payments and E-Commerce Summit This Week

Feb 12, 2014 (Wed): The 5th Annual Mobile Payments & E-Commerce Emerging Markets 2014 Summit will open tomorrow in Yangon.

Already in its fifth year, the Summit which will take place on 13th and 14th February 2014 is organized with the support of the Myanmar Ministry of Communications and Information Technology and the Central Bank of Myanmar.

This year’s Summit which has a special focus on tapping new opportunities in mobile payments and e-commerce will present a unique platform for participants to establish partnership, collaboration or joint ventures with telcos, e-commerce companies and banks planning to capitalize on current mobile trends and technologies, to rollout new business or product offerings and earn new and ancillary revenue in Myanmar and other emerging markets around the world.

The Honourable H.E. U Thaung Tin, Union Deputy Minister of the Ministry of Communications and Information Technology, Myanmar will deliver the Ministerial Address during the first day of the Summit.

Other key banking and industry speakers at the Summit include H.E. Daw Khin Saw Oo, Deputy Governor, Central Bank of Myanmar; Tine Wollebekk, Senior Vice President, Financial Services, Telenor Group; Ivan Mortimer-Schutts, Senior Operations Officer/leading Mobile Payment activities in Asia, International Finance Corporation, The World Bank Group; U Zaw Lin Htut, CEO, Myanmar Payment Union; Loeung Sopheap, Senior Vice President, Head of Product Development, Acleda Bank; Dr Soe Tun, President, Myanmar Farmer Association; Tillman Bruett, Manager, Mobile Money for the Poor, United Nation’s Capital Development Fund; Eric Duflos, Regional Representative, East Asia and the Pacific, CGAP, The World Bank; Hitoshi Okada. Mobile Commerce & Payment Specialist, National Institute of Informatics, Japan; Senior Representative, Google; Senior Management, Myanmar Airways International and Air Mandalay.

More than 180 participants from Myanmar, Thailand, Cambodia, India, Singapore, Japan, Vietnam, Pakistan, China, UAE, Bulgaria, Laos, Hong Kong, Norway. Philippines, Israel etc will be at the Summit to discuss the latest market insights into mobile banking & payments, the regulatory and operational challenges and emerging opportunities.

Mastercard, a technology company in the global payments industry is the Summit’s Gold Sponsor. “Myanmar’s transformation and investment in internet and mobile infrastructure will enable banks to launch safe and simple payment solutions from MasterCard that will accelerate financial inclusion and digital payment adoption in Myanmar,” said David Chan, Group Head and Senior Vice President, Market Development, South East Asia, MasterCard Worldwide.

Telenor, an international provider of telecoms, data and communication services is the Summit’s Silver Sponsor. “Telenor has seen first-hand in markets throughout the Asia how mobile financial services can play a major role in the development of economies and in supporting personal financial management for people. As part of our commitment to the rapid roll-out of a modern telecommunications network in Myanmar and to bringing affordable and high-quality mobile communications to people across the country, we will ensure that both the banked and unbanked segments of society throughout Myanmar have access to fast, efficient and cost-effective mobile financial services,” said Roar Bjaerum, Head of Financial Services Asia, Telenor Group.

Exhibitors at the Summit include Software Group, a specialised IT company providing technology services and solutions to a range of players in the financial sector and Elite Tech, an experienced turnkey service provider of building GSM/UMTS infrastructure, high quality maintenance services for MPT’s GSM/UMTS base-stations.

Associate Supporters of the Summit include TPS, a leading company in the space of Cards and Payments solutions and Gilat Satellite Networks, a leading provider of products and services for satellite-based broadband communications.

The CEO of the conference organizing company, Magenta Global Pte Ltd, Singapore, Ms Maggie Tan, said: “We are delighted with the exceptional turnout, reflecting the timeliness of this Summit as Myanmar transforms the financial landscape and positions the country for growth.”

The Summit will be held at Parkroyal Yangon.

Author: Terry KS

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