Fintech And Myanmar

How Telco-led mobile money work in Myanmar?

2017-08-01T08:30:00.000+06:30

How Telco-led mobile money work in Myanmar?

I’ve been mentioned in the previous Blogs "Mobile Money Business Model in Myanmar" with three mobile money business models on 4 July 2017.

Now, I would like to share few of Telco-led business model.

The Telco-led model is launched in Myanmar mobile money market since 2015. Before the organization received the license, they initiate the brand awareness into the market initiated from Mandalay in last quarter of 2015.

“Wave” brand is one of the first mobile money operator in Myanmar grant the license, on 3 Oct 2016, from Central bank of Myanmar. (CBM).

The well-known existing model was established by Telenor Myanmar Co.,Ltd and Yoma as of Digital Money Myanmar Ltd, JV firm and “Wave” brand is one of the most recognized and trusted in Myanmar market.

Their core products are domestic remittance. After several months later, the customer requirement and the firm’s management fulfilled with Telenor GSM e-topup. Nowaday, it’s widely serve as the promotions give away e-topup from Wave.

Perhaps, the utilities bill and international remittance are also the most transaction generation products as of the other rival mobile money operator available in the market.

The figure below is the sketch of the existing business model.

The existing shareholding structure for "Wave Money" is below as of 31 March 2017 according to the FMI release.

Source:

http://fmi.com.mm/digital-money-myanmar/

https://consult-myanmar.com/tag/digital-money-myanmar/

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Mobile Virtual Network Operator လုုပ္ေဆာင္ႏိုုင္ရန္ အစျပဳျခင္း

2017-07-25T09:30:00.000+06:30

Mobile ကြန္ယက္ တာဝန္ခံ အလုပ္မ်ား ( MNO )

Mobile Network Operators မ်ားသည္ လက္ရွိ Infra ႏွင့္ အသစ္ မ်ားအားလံုးကို ကိုုယ္ပိုင္ သိုု႔မဟုုတ္ Tower Sharing ပံုုစံမ်ားျဖင့္ လုပ္ကိုင္ေဆာင္ရြက္ပါမည္။

သုိ႔ေသာ္ ေအာက္ပါအခ်က္မ်ားမွာ အကန္႔အသတ္မရွိပါ။

- လက္ရွိ တည္ရွိၿပီးေသာ ကြန္ယက္လုပ္ေဆာင္မႈ Infrastructure ႏွင့္ ၀န္ေဆာင္မႈမ်ားကို ေပးျခင္း။

- လက္ရွိ MNO မ်ား၏ အားလံုးေသာ Mobile ႏွင့္ Backbone Infra မ်ားကို အဆင့္ျမႇင့္တင္ျခင္း။

- စီမံကိန္းအတြက္ လုပ္ေဆာင္ခ်က္မ်ား ႏွင့္ တင္သြင္းခြင့္လိုက္စင္မ်ားကို ခြင့္ျပဳလုပ္ေဆာင္ေပးျခင္း။

- MVNO လုပ္ႏိုင္ရန္ သေဘာတူစာခ်ဳပ္မ်ားကို ျပဳလုပ္ေပးျခင္း။

- အျခားဆက္စပ္ေသာ ႏိုင္ငံ၏ ဆက္သြယ္ေရး၀န္ႀကီးဌာနမ်ား ၊ ဥပေဒမ်ား ႏွင့္ ၀န္ေဆာင္မႈေပးသူမ်ားကို ညႇိႏႈိင္းေဆာင္ရြက္ေပးျခင္း။

- MVNO ႏွင့္ Partner မ်ားကို Mobile ၀န္ေဆာင္မႈလုပ္ငန္းမ်ားအား ေရာင္းခ်ေပးႏိုင္ျခင္း။

- ႏို္င္ငံေတာ္၏ နံပါတ္မ်ားကို Mobile ၀န္ေဆာင္မႈေပးသူမ်ားအား ျပန္လည္ေရာင္းခ်ရန္ႏွင့္ အသံုးျပဳရန္ အတြက္ Range သတ္မွတ္ေပးျခင္း။

- ေစ်းႏႈန္းမ်ားကိုု ေျပာင္းလဲျပင္ဆင္မႈမ်ားျဖင့္ သတ္မွတ္ဖန္တီးေပးျခင္း။ Price Revision Formula (PRF) (Mobile ၀န္ေဆာင္မႈ ေပးသူမ်ား၏ စာခ်ဳပ္တြင္ ထည့္သြင္းရန္)

- ျပည္တြင္း ၊ ျပည္ပ ေခၚဆိုမႈ လမ္းေၾကာင္းမ်ား ေဖာ္ေဆာင္ေပးျခင္း ႏွင့္ ရပ္ဆိုင္းေပးျခင္း။

------------------------------------------------------------------

MVNO Business Model

Mobile ၀န္ေဆာင္မႈေပးသူမ်ား၏ လုပ္ငန္းမ်ား ( MVNO )

· ျမန္မာႏိုင္ငံအတြင္းတြင္ ဇုန္မ်ားခြဲ၍ Mobile ၀န္ေဆာင္မႈလုပ္ငန္းမ်ားကိုကုမၸဏီမ်ား ႏွင့္ အဆင့္ဆင့္ လုပ္ေဆာင္သြားမည္ဟု အဆိုျပဳထားပါသည္။

o ဥပမာ - အေရွ႕ ၊ အေနာက္ ၊ ေတာင္ ၊ ေျမာက္ ၊ အလယ္

· MVNO ကုမၸဏီမ်ား ဇုန္တည္ေဆာက္ရာတြင္ တာ၀န္ယူရန္ အခ်က္မ်ားပါ၀င္ပါသည္။ သို႔ေသာ္ ေအာက္ပါအခ်က္မ်ားမွာ အကန္႔အသတ္မရွိပါ။

- အေရာင္း ၊ ေစ်းကြက္ ၊ အမွတ္တံဆိပ္ ႏွင့္ အဓိက၀င္ေဆာင္မႈ value added services, အဆင္ျ့မႇင့္ ၀န္ေဆာင္မႈမ်ား

- အေရာင္းစနစ္ ၊ ၀န္ေဆာင္မႈအမ်ိဳးမ်ဳိး ႏွင့္ ေစ်းႏႈန္းပံုစံမ်ားကို Price Revision Formula (PRF) အေပၚ အေျခခံ သေဘာတူ၍ ဖန္တီးျခင္း။

- ထူျခားဝန္ေဆာင္မႈမ်ားအား ဗ်ဴဟာခ်၍အထေျမာက္ေအာင္ဖန္တီးေဖၚေဆာင္ရန္။

- Handset မ်ားကိုဗ်ဴဟာခ်မွတ္၍စီမံကိုင္တြယ္ေဆာင္ရြက္ရန္။

- ဆန္းသစ္ေသာ ဝန္ေဆာင္မႈမ်ားႏွင့္ သံုးဆြဲသူမ်ားအစဥ္အေလးထားမႈမ်ားကို ဗ်ဴဟာခ်၍အထေျမာက္ ေအာင္ဖန္တီးေဖၚေဆာင္ရန္။

- ႏိုင္ငံတကာ ႏွင့္ ျပည္တြင္း တို႕တြင္ Roaming ကိုသေဘာတူ၍ ဝန္ေဆာင္မႈမ်ားေပးရန္။

- သံုးဆြဲသူမ်ားအား အဆင့္ (၁) ႏွင့္(၂) ရွိ ေသာ Customer Relationship Management ႏွင့္ Client Helpdesk ဝန္ေဆာင္မႈမ်ားေပးရန္။

- သံုးဆြဲသူမ်ားထံမွ Pre-Paid ႏွင့္ Post-Paid ေရာင္းရေငြအားလံုးလက္ခံရယူရန္။

- ေပးေခ်ရန္ရွိသည္မ်ားကို Partner အားလံုးကိုေပးရန္၊ ရန္ပံုေငြမ်ား ႏွင့္ Official Development Assistant (ODA) စနစ္ ျဖင့္္ျပန္လည္ေပးဆပ္ရန္။

- MVNO ၏ ဝင္ေငြမ်ားကို Infrastructure မ်ားခ်ဲထြင္ႏိုင္ရန္အတြက္ ျပန္လည္ရင္းႏွီးျမွဳပ္ႏွံရန္။

Source:

https://www.telekomaustria.com/en/wholesale/mvno-mobile-reseller

Central Bank of Myanmar FIL enAct on 7 July 2017

2017-07-17T09:30:00.000+06:30

The Central bank of Myanmar (CBM) enact a long awaiting, eighteen months, Financial Institution Law.

It was published on Friday 7 July 2017

All banks shall not exceed 20% of their financial exposure of the core capital and required to submit the report within 90 days of the announcement of the FIL .

All banks required to maintain their liquidity ratio on 20 percent for a new loan scheme.

The aggregate of the bank's all large exposure must be limit and shall not exceed 8 times of its core capital.

Every banks must be report all large exposure transaction to CBM quarterly and the format were provided as annex.

State owned bank will be allow to ignore the large exposure regulation at the direction of the government policy.

All banks have to comply with six months with this new FIL and they required to report monthly with CBM's provided format to CBM from early 2018

In 2003, we have suffer the crisis and collapse of Asia Wealth Bank (AWB).

The international expertise from the banking sector added that the new law's fell short of some international standards relating to insolvency and governance of non-bank financial institutions.

Source:

http://www.cbm.gov.mm/sites/default/files/regulate_launder/large_exposuremyanmareng6-7-2017_-5.pdf

http://www.frontiermyanmar.net/en/central-bank-enacts-long-awaited-finance-regulations

Fintech News about Myanmar Links

2017-07-12T09:30:00.000+06:30

Myanmar Fintech News on International Media

The right approach is required in Myanmar market. It should be explore in the real issue facing by the customer and provide with the right solution.
So far, my opinion is that none of the provider capable to deploy their products for the customer in recent years.

http://fintechranking.com/category/inspirasia/myanmar/

Mobile money & mobile banking service in Myanmar

2017-07-10T18:01:00.000+06:30

The financial technology companies in Myanmar are providing several products and all new service on stream in their pipe lines.
Most of the major core products are as below:.
(1) e-Top Up
(2) Domestic remittance
(3) Utilities bills

SWOT analysis for some of leading mobile money services

True Money Myanmar Co.,Ltd

Wave Money ( Telenor & Yoma) Myanmar Digital Money Co.,Ltd

Source : Mobile_Money_SWOT_9Feb2017

Mobile Money Business Models in Myanmar

2017-07-04T09:30:00.000+06:30

Myanmar at a glance

The financial sector in Myanmar is small and underdeveloped. Foreign banks currently are not allowed to operate in Myanmar. Use of the informal providers of credit and transfer services in both urban and rural areas is widespread.

The market is therefore large enough to attract financial technology that could significantly improve outreach while contribution to innovation in the sector. The scope for the branchless banking seems limited to the lack of infrastructure and the high cost of capital investment.

The consumer behavior of Myanmar is different from others, so that home growth strategy would be the most effective and efficient business model as it’s awareness by ASEAN countries investor in these days.

The Issues in Myanmar

Ø The lack of an educated workforce skilled in modern technology contributes to the growing problems of the economy.

Ø The country lacks adequate infrastructure such as transportation, electricity, data communication.

Ø Energy shortages are common throughout the country including in Yangon and only 25% of the country's population has electricity.

Ø The potential for branchless banking is limited because of the monopolistic and underdeveloped status from the regulation of the communication sector.

Ø The people of Myanmar still believe in Cash is still king, they can feel it, touch it and see it.

Ø The Local people see as cash in hand would be more flexible to spend and carry it.

Ø Fake Currency note are penetrating and widespread in many areas.

Market Analyst

Myanmar – mobile banking and mobile money market overview:

MNO-Led Model

Mobile Network Operator acts as de facto “bank”. This model

places most of the regulatory responsibility on the MNO.

Bank-Led Model

Financial services offered from a bank to their account holders through a network of agents.

Independent model

Independent companies that often times establish a joint collaboration with MNO or Bank to meet the consumer demand not currently being met.

Advantages

MNO-Led

Ø Brand recognition and trust

Ø Well-developed distribution market thought Top up channel

Ø Self-funded model

Ø Familiar market segments

Ø Extensive agent networks provide better access

Bank-Led

Bank as a driver of the service

Ø Path to full financial inclusion and financial footprint

Ø Service linked to a bank account at financial institution (i.e.: interest rate on deposit)

Ø Real time settlement of transactions linked to bank account

Ø May use POS, mobile as device, agent model and new financial products

Ø Deposit insurance

Independent

Ø Interoperability

Ø Rapid Product development

Ø Flexible partner

Ø Clear Mission

Ø Potential revenue driver

Ø Lower cost than branches

Ø Agents: typically look like MNO-led model small mom and pops, pharmacies, etc.,

Ø Clients- linked to bank account at special accounts for users

Ø Accessing new markets (client segment and geographies)

Ø New revenue stream (bill pay, G2P, cross selling etc.

Ø Cost savings (compared to bank’s branches and ATMs)

Challenges

MNO-Led

Lack of familiarity to financial services sector

Ø Regulatory barriers

Ø Heavy upfront short term profits

Ø AML/ ATF issues

Ø Heavy agent and end user capacity building costs

Ø Agents and end user training

Bank-Led

Depending on regulation, typically will be lower value account

Ø Many bank are also doing this a competitive and reactive measure

Ø KYC and requirement with high information

Ø More on the documentation

Independent

Often requires a bank partner

Ø Lack of distribution network

Ø Funding

Ø Brand control and building trust

Ø May be completely new, unfamiliar client segment-training

Ø Managing customer experience

Ø Potential for increase in Fraud

Ø Maintaining active accounts

Source: BizModel_v01

Back to the blogger again on 23 June 2017

2017-06-23T01:08:00.001+06:30

Back into the blogging again on 23 June 2017 again...

Keep updating the Fintech industry in Myanmar and asia....

Meet with Mirriam's staff

2009-04-22T17:30:00.000+06:30

Free seminar at AMaras Hotel here in S'pore on 1st April 2009. Obviously, it's more about volatile market situation in options trading strategy.

Here is URL Wealth Mentors.

The Oracle of Omaha Warren Buffett

2009-01-09T17:06:00.000+06:30

The 10 investing basics from Buffett.

Download here

Welcome peace and freedom year 2009.

2009-01-09T16:48:00.000+06:30

Investment idea for 2009 in US.

Download the document here

Potential investment opportunity in Myanmar

2008-09-25T23:38:00.000+06:30

I've received a news letter from "DAILY WEALTH".
The military government's macro economic policy really look like swing door. If you push it in and get inside right away. Otherwise. it will hit you back with more risk.

===================
How to Make Millions Investing in a Hard-Line Military Dictatorship
By Tom Dyson

I opened the metal door and walked into the embassy. The interior looked like the waiting room of a small-town Greyhound bus station. It was shabby and hot. A plastic clock hung over the room, ticking loudly. The people sitting on the benches had a resigned look on their faces. It seemed like they'd all been sitting there a long time...
There was no queue at the ticket counter. I went up to one of the windows and pushed my nose between the metal bars. There was a man behind the counter in a worn brown uniform. He was taking care of paperwork...

"Excuse me," I said. "Is this window open?"

He grunted, irritated I'd interrupted him.

I'm in Thailand. Myanmar is the country just west of Thailand.

India Bombay Stock Exchange 30 Sensex Index

I wanted to visit Myanmar while I'm in the area. So on Monday, I went to the Myanmar embassy in Bangkok to ask about tourist visas.
Myanmar is run by a hard-line military junta. It's held power for 46 years. Inept leadership has made Myanmar one of the poorest countries on Earth. Last year, Myanmar made world headlines when military gunmen killed 31 anti-government protesters in a peaceful march organized by Buddhist monks. The government cut the national Internet connection so no one would find out. Then it organized a pro-government march and paid people to participate.

Earlier this year, a gargantuan hurricane struck Myanmar's southern tip, killing 150,000 people and eradicating all civilization there. The junta refused international help.

Here's the thing... Myanmar is also a wonderful investment opportunity. It has 2,000 miles of glorious tropical beaches. It's loaded with oil, gas, minerals, gemstones, and metals. The land is so fertile that Thailand – with a similar climate – is the world's largest exporter of rice. It's also in a fantastic location to trade with China and India. This is why I'm so keen to go to Myanmar.

Doug Casey introduced me to the idea of investing in Myanmar last year. Here's what he wrote about it in his newsletter:

"My first choice for high potential has been [Myanmar]. It's very cheap, very beautiful, lightly populated, and right next door to Thailand. The ruling generals, who make it a political pariah now, will be gone at some point.

But, in the meantime, a clever entrepreneur can make deals with them, because they all want to feather their nests. Property here will go up 10 or 20 times over the next generation. Want to make millions while having fun? Go to Rangoon"...

Then I met Jim Rogers in Singapore last month. He told me Myanmar is one of only four Asian countries investors should be looking at right now.
I can think of two ways to invest in Myanmar. First, you could go there and buy property. Set up a youth hostel on the beach or buy a hotel in Rangoon. The visa process is easy. You fill out two forms... pay $25... and leave your passport and a couple of passport pictures. The visa is done in two business days.

There are daily flights from Bangkok to Rangoon. The flight takes less than an hour. To give your investment the best chance of working, you'll have to live there to keep squatters off your land.

My second idea for investing in Myanmar is unusual, but you wouldn't have to live there to make it work. I got this idea from a mutual-fund manager I met yesterday. He loves Myanmar and thinks there's going to be a great investment boom there someday. So he sponsored two students from Myanmar to go to university in England. There's no education system in Myanmar, so these kids are almost guaranteed to be successful Myanmar businessmen in the future. "They'll be my business partners someday," he said.

Unfortunately, I won't make it to Myanmar this time. My itinerary won't allow it. But if you're looking to make a fortune, you've got an adventurous streak, and you don't mind cutting a deal with a corrupt general... you should consider visiting Myanmar and looking for business opportunities.

Good investing,
Tom

==============

Source: Daily Wealth; "How to Make Millions Investing in a Hard-Line Military Dictatorship ", September 24, 2008.

SEC list on NO-SHORT stocks

2008-09-19T18:45:00.000+06:30

Due to the financial crisis in recent days, SEC release the list of the stocks which are not allow to Short. The partial socialism activity seem to be replace in US's financial market.

List of NO-SHORT

Warren Buffett ways of trading ( collections)

2008-09-17T16:09:00.000+06:30

Warren Buffett ( Ways of Trading Collection )

Get your own - Open publication

Warren Buffett

2008-09-12T18:28:00.000+06:30

Warren Buffett interview program from CNBC is one of best in recent day. I admire WB and I'm trying to gather the valuable information about the financial and stock market. So far, I've very few info and it make sense in the consumer market.

THIS IS A LIVE BLOG ARCHIVE OF WARREN BUFFETT'S APPEARANCES ON CNBC'S SQUAWK BOX

Get your own - Open publication

P/E ratio and stock research

2008-08-09T20:35:00.000+06:30

The following letter was received from investmentu@investmentu.com.
I was check it out for more details. Obviously, it's one of the important consideration.

Floyd include in the email with the following message with the subject : " Favorite Ratio for Evaluating Stocks" Date: Wed, 16 Jul 2008 .

==> Professor Siegel's findings, which are the product of years of academic research, captivated the audience. Take a look at some returns that caught my eye...

His research proves that over time, stocks are a superior investment to all other asset classes. Over the long term, stocks have returned 6.8% per year after inflation. Whereas gold has returned -0.4% (failing to keep up with inflation) and bonds have only a 1.7% return. After taxes, the outperformance of stocks is even greater.
The P/E Ratio... With a Twist
Professor Siegel said that his favorite ratio for evaluating stocks is the expected rate of return. He calculated this with the formula 1/PE (Price to Earnings Ratio). For example, with General Electric (NYSE: GE) trading at a PE of 12.78, the expected return would be 1/12.78, or a 7.8% return.
Moreover, Siegel suggested buying high-dividend-yielding stocks. His research shows that much of the returns of the market are the result of compounding dividends. His example of a quality dividend paying stock was Philip Morris (NYSE: MO). It was an original member of the S&P 500 when it was created in 1957. And it's the best performing stock in the index since inception...
Thirty-three shares of Phillip Morris, bought in 1957 would be worth $8 million today. It goes to show the power of dividend reinvestment.
He argued that given a sufficiently long period, stocks are less risky than bonds. After a holding period of 10 years, the worst performance for stocks was -4.1%, and –5.4% for bonds.

With a holding period of 20 years, stocks have never lost money according to his calculations.
So as the major indexes continue to touch multiyear lows, hang tight. No one can tell you when stocks will move higher again, at least not with precision. But history shows us it will indeed happen.
In the meantime, just be sure to mind your trailing stops to protect your wealth. Here's how they work.
Good investing, <==

The story of Stock Market Fraud

2008-08-03T15:49:00.000+06:30

This is an idea to raise the stock price which is illegal. The same activities can apply when the people want to short their stock. The trader necessary to read analyst's news and their hot pick.
Here is a story from The Newyork Times,
"

February 25, 2001

Jonathan Lebed: Stock Manipulator, S.E.C. Nemesis -- and 15

In Sept. 20, 2000, the Securities and Exchange Commission settled its case against a 15-year-old high-school student named Jonathan Lebed. The S.E.C.'s news release explained that Jonathan -- the first minor ever to face proceedings for stock-market fraud -- had used the Internet to promote stocks from his bedroom in the northern New Jersey suburb of Cedar Grove. Armed only with accounts at A.O.L. and E*Trade, the kid had bought stock and then, "using multiple fictitious names," posted hundreds of messages on Yahoo Finance message boards recommending that stock to others. He had done this 11 times between September 1999 and February 2000, the S.E.C. said, each time triggering chaos in the stock market.

The average daily trading volume of the small companies he dealt in was about 60,000 shares; on the days he posted his messages, volume soared to more than a million shares. More to the point, he had made money. Between September 1999 and February 2000, his smallest one-day gain was $12,000. His biggest was $74,000. Now the kid had agreed to hand over his illicit gains, plus interest, which came to $285,000."

Olympic and World's Markets

2008-07-31T13:19:00.000+06:30

Asian markets rebounded Wednesday, with the major tech exporters such as Canon Inc. and banks such as HSBC Holdings advancing on the back of Wall Street gains overnight. The airline and automobile stocks across the region climbed after a pullback in crude-oil prices. Source ( http://money.cnn.com/news/newsfeeds/articles/djhighlights/200807300040DOWJONESDJONLINE000010.htm)

Pre-Olympic Games buying looks the trend analyst in favorable from mainland China. The Chinese eat more pork than the rest of the world combined. The country consumes seven times as much as the No. 2 consumer, the United States and consumption is increasing. According to the USDA, Chinese pork consumption rose 22% between 2002 and 2006. There's a big opportunity for America and Canada to export pork to China. the slowing U.S. economy has already gutted the profits of low-cost Chinese electronics, toy, and furniture producers who employ millions of workers.
This why Chinese Premier Wen Jiaboa met with U.S. secretary of State Condoleezza Rice this week, to (1) to outline measures it was taking to safeguard its own economic development and (2) outline their own efforts to boost the U.S. economy.

Their plan will not only create greater growth between both countries. China its economy is growing like a weed. Its standard of living is on the rise. And its people now have the means to not only lift themselves from a dirt-poor, country existence, but also to one of a much richer lifestyle, filled cell phones, big screen TVs, and cars. The jobless rate clime up and many financial and other industries meet with obstacle in US. China was keep growing and the citizen growth in their income.
And many facts and figure by all accounts “China’s growth is dead,” Wall Street’s analysts are not only missing this story but also U.S. investors are missing out on huge profits that are headed this way.(Robert Hsu Editor, China Profit Strategy)

Shorting in bear market

2008-07-30T04:34:00.000+06:30

Shorting is popular in recent days as far as I read in the financial market news, discussion and analysis reports.