Implementation of 1-Stop, which started about six months ago, officially launched this month. With the network of Myanmar Awba, that mainly supplies fertilizers, seedlings and agrochemical products, 1-Stop business has reached about 30,000 partners.
Some of the partners include convenient stores like G&G, Capital Super Market and phone shops.
“The shops that we have partnered with will have the advantage of giving a full service, not only their existing products but also through 1-Stop,” said Lynn Htaik Aung, head of operations of 1-Stop.
1Stop has connected to about 30 products including top-ups for different mobile operators, payments for iTunes, Googleplay, Skype, air tickets, utility bill payments and even insurance for snake bite from Grand Guardian Insurance and loan repayment from Myaha Awba microfinance.
They are also in talks with mobile money partners to start remittance transactions in rural and urban areas.
The payment solution is available as an application and can pay money to the nearest partner or agent of 1-Stop or transfer to 1-Stop accounts through banks. The MPU can also be used via 1-Stop to make payments.
The other payment solutions players in the country include MyanPay and True Money. There are also mobile payment solutions like Easy Pay, Telenor’s Wave Money and Ooredoo’s partnership with CB bank, which are ready to launch following regulatory approvals.