Mobile Monday (July 2014) - C2CP - Enabling Online Payment in Myanmar

Enabling Online Payment in Myanmar

Making Sure We All Get Paid

Nyein Chan Soe Win

Myanmar, the last frontier in ASEAN

Regional SummaryExecutive Summary of South East Asia Market

E-Commerce Growth

Worldwide Ecommerce Sales to Increase Nearly 20% in 2014

Asia-Pacific to become the leading region for ecommerce sales in 2015.

Asia-Pacific 33.4% North America 31.7%Western Europe 24.6%

Source:eMarketer.com

E-Commerce Growth in Myanmar

????????

Very Optimistic, Very Promising

Opportunities

• Easy

• Anyone can buy

• No advanced pay

Challenges

• No commitment from buyer but have to deliver

• Buyer doesn’t want product

• No one home / have to be home

• Money stole by delivery man

Challenges

• Buyer has to confirm seller

• Seller doesn’t receive email or call

• Error from manual matching from seller

Digital Wallet PaymentPayment made by digital wallet

Opportunities

• Providers in Myanmar so easily accessible

Challenges

• Frozen Fund in the wallet

• Legally in grey area though safe to operate

• Paypal is not available

International Payment Card Payment made by international payment card

Opportunities

• Suitable for selling services and product to oversea customer

• Order goods and services online for recipients in Myanmar

E.g. Birthday Present

Challenges

• Accessibility of international payment cards for local population

• Current restriction of locally issued international payment cards.

Traditional E-Commerce Gateway

m-Commerce Screen

2C2P Provides Integrated Payment PlatformNow everyone can pay

• Merchant gets paid.

• Financial Institution gets paid.

• 2C2P gets paid.

• Customer gets paid.

With 2C2P, everybody gets paid.

Thank You