Apr 20, 2016

Inaugural FinTech and Agent Banking Summit Heats Up the Mobile Money Revolution in Myanmar

Yangon, Myanmar - 20 April 2016 - There is cause for much excitement in the
mobile money industry as the Central Bank of Myanmar has just released
regulations on mobile financial services allowing participation from non-banking
financial institutions. This move is expected to build a more enabling regulatory
framework for efficient and secure mobile financial services in a country where the
majority of the population remain unbanked.

Recognizing this imminent development crucial to the success of mobile money
operations in Myanmar, the inaugural Emerging Asia FinTech & Agent Banking
Summit 2016, to be held at the PARKROYAL Yangon hotel on the 17th and 18th of
May, is poised to dive deep into mobile money issues with agent banking topics
taking centre stage. The importance of financial technologies in the ecosystem will
also be keenly deliberated upon.

Speakers who will share their insights and dissect critical issues pertinent to the
development of mobile money operations include key representatives from
Myanmar Citizens Bank, AYA Bank and Myanmar Agricultural Development
Bank. Experts from the World Bank and the International Finance Corporation
(IFC) will also be in attendance.

Leading technology providers such as ModeFinServer and True Money will
showcase their expertise through informative presentations on stage as well as
displays at the exhibition hall. Mobile money provider Wave Money and Myanmar
FinTech start-ups such as MyPay will be sharing their expert opinions together with
updated advice from the regulatory authorities. The engaging dialogue will come full
circle with closing panel discussions that will allow both speakers and delegates to
deepen and complete the exchange of critical views and information.

Maggie Tan, CEO of the event's organizer, Magenta Global, said: “One key objective
of this summit is to emphasize the importance of the distribution network which is
crucial in a successful mobile money operation. The agent banking model reflects
well on the importance of distribution, and together with effective and secure
financial technologies, provides a proven recipe that will work best with thorough end
user education, adoption and a supportive regulatory environment. There will be
many interesting issues to be dissected - especially in the Myanmar context - and we
look forward to another meaningful summit for everyone.”

Media Contact:
Mr Jose Carpio
International Marketing Manager
DID: +65 6392 2535
Main: +65 6392 2552
Email: jose@magenta-global.com.sg

Notes for the Editor:
About Magenta Global – Owner & Organizer
Magenta Global Pte Ltd is a premier independent business media company that provides pragmatic
and relevant information to government and business executives and professionals worldwide. The
organization provides the opportunity to share thought-provoking insights, exchange ideas on the
latest industry trends and technological developments with thought leaders and business peers. With
a strong focus in emerging economies especially in Africa, Middle East and Central Asia, Magenta
Global works in partnership with both the public and private sectors. www.magenta-global.com.sg.