Ooredoo Myanmar launches mobile money service

Ooredoo Myanmar has announced the launch of a new mobile money service branded M-Pitesan.

The new service will allow instant money transfer and payments between local mobile numbers through a dedicated mobile wallet for Ooredoo customers or a store for non-registered users.

Ooredoo said M-Pitesan is the only mobile money service in Myanmar that offers real-time tracking between CB Bank accounts and the mobile wallet.

In addition, mobile customers can transfer or receive money through the operator’s network of 2,400 M-Pitesan agents in Yangon, Naypyitaw, Mandalay, Bago and Taunggyi. The company plans to add an additional 7,500 agents to its network in the future, mainly in rural and underserved areas.

The operator is planning to expand the service in the future to support functionality including QR code payments and bill payments for utilities or municipal services.

“There is real appetite for mobile money services in Myanmar. I am confident that M-Pitesan will give customer’s access to the digital financial services they have been asking us for, helping support their increasingly digital lifestyles,” Ooredoo Myanmar acting CEO Vikram Sinha said.

“We have big plans for M-Pitesan and in the months to come will be expanding the service to include additional functionality for customers, banks and businesses alike.”