YANGON: Carrying her wages in wads of cash across Myanmar was once a risky, onerous but unavoidable ritual for maid Khin Myint Oo. Khin Myint Oo now wires home to her children in a matter of minutes using Wave Money, one of the first mobile banking firms to roll out services. Mobile money began in Kenya a decade ago and is now used by nearly half the population. “Myanmar was always the market that everyone would talk about in mobile money conferences because it was so untouched,” said Wave Money CEO Brad Jones. Yet several shops have started offering mobile banking services.

Source: New Strait Times September 21, 2016 04:31 UTC