Enabling Online Payment in Myanmar

Making Sure We All Get Paid

Nyein Chan Soe Win

Myanmar, the last frontier in ASEAN

Regional SummaryExecutive Summary of South East Asia Market

E-Commerce Growth

Worldwide Ecommerce Sales to Increase Nearly 20% in 2014

Asia-Pacific to become the leading region for ecommerce sales in 2015.

Asia-Pacific 33.4% North America 31.7%Western Europe 24.6%

Source:eMarketer.com

E-Commerce Growth in Myanmar

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Very Optimistic, Very Promising

Opportunities

• Easy

• Anyone can buy

• No advanced pay

Challenges

• No commitment from buyer but have to deliver

• Buyer doesn’t want product

• No one home / have to be home

• Money stole by delivery man

Challenges

• Buyer has to confirm seller

• Seller doesn’t receive email or call

• Error from manual matching from seller

Digital Wallet PaymentPayment made by digital wallet

Opportunities

• Providers in Myanmar so easily accessible

Challenges

• Frozen Fund in the wallet

• Legally in grey area though safe to operate

• Paypal is not available

International Payment Card Payment made by international payment card

Opportunities

• Suitable for selling services and product to oversea customer

• Order goods and services online for recipients in Myanmar

E.g. Birthday Present

Challenges

• Accessibility of international payment cards for local population

• Current restriction of locally issued international payment cards.

Traditional E-Commerce Gateway

m-Commerce Screen

2C2P Provides Integrated Payment PlatformNow everyone can pay

• Merchant gets paid.

• Financial Institution gets paid.

• 2C2P gets paid.

• Customer gets paid.

With 2C2P, everybody gets paid.

Thank You