Htet Tayza Talks Fintech in Myanmar With Bloomberg

As Managing Director of Myanmar’s Asia Green Development Bank (AGD), Htet Tayza recently discussed some of the key issues facing Myanmar’s financial sector with Bloomberg. Htet argued that by harnessing the potential of financial technology (fintech), Myanmar could promote financial inclusion among its large, unbanked population, something which AGD is already aiming to achieve.

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Group Launched to Promote Global Fintech Standardisation

Image of a meeting place.

It is key that firms operating in the booming worldwide financial technology (fintech) space encounter consistency between national markets, to minimise costs so they can instead focus on growing revenue.

New reports show that we are one step closer to achieving this goal, as a group has been launched to promote standardisation throughout the global fintech sector. Htet Tayza comments. Continue reading…

Myanmar Central Bank Proposes Major Change

Htet Tayza: flexible fintech

Myanmar is developing up a robust, outward-facing banking sector, to ensure that businesses can secure the capital needed to fuel national economic growth. It is crucial, for example, that banks can supply trade financing for Myanmar’s importers and exporters, so they can move goods across global borders. The Director of Myanmar’s Central Bank, U Win Thaw, recently revealed that the body may allow foreign banks to perform this service in the country, if local institutions prove unable to do so. Continue reading…

Myanmar Banks to Adopt Standard Chip Card

Credit Cards. Htet Tayza discusses credit cards in Myanmar.

Myanmar’s financial sector is currently working towards standardisation, in order to supply consumers with the comprehensive financial products required to promote financial inclusion. As part of these efforts, national and global industry bodies The Myanmar Payment Union (MPU) and UnionPay International (UPI) recently agreed to roll out the UnionPay chip card standard across the nation. Continue reading…