Electronic prepaid services group Emida Technologies has signed a memorandum of understanding (MoU) with three companies that will enable it to launch mobile payment (m-payment) services in Myanmar.
The three MoU parties with Emida are:
- Blue Ocean Operating Management (BOOM), a Myanmar-based company offering information and communications technology (ICT) services.
- Myanmar Technologies Investment Corp (MTI), a Myanmar-based investment company.
- Oceanic Communications Ltd (OC), a New Zealand-based company offering distribution services in the Pacific and long-term partner of Emida.
Emida now operates in 37 countries throughout North, Central and South America, the Caribbean, Africa, Oceania, the Middle East and Europe.
However, a London summit on the industry’s introduction of the technology cautions that testing and acceptance are still at an early stage and firms should proceed with caution.
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