The Rise of Mobile Wallets in Myanmar: A Comprehensive Guide

The Mobile Wallet Landscape in Myanmar
Myanmar is on the cusp of a payment industry transformation. With only 26% of adults having a bank account, compared to the regional average of 49%, the potential for mobile wallets is immense. The country’s currency circulation, at 21% of M2, is notably higher than its peers, indicating a significant opportunity for digital payment solutions. The mobile subscription rate, at an impressive 135% of the population, further underscores the market’s readiness for mobile financial services.

Market Dynamics and Key Players
The Central Bank of Myanmar has granted licenses to a handful of non-banking institutions for mobile financial services, a modest number compared to Vietnam’s 33 licenses. Key players include Wave Money, OK$, M-Pitesan, My Money, and MPT Money. Additionally, commercial banks like CB Bank with CB Pay, MOB Bank in partnership with Ongo, and KBZ Bank with KBZ Pay are expanding their mobile financial offerings. Tellimer Research provides insights into Myanmar’s digital payments market.

Essential Features for a Mobile Wallet in Myanmar
To meet the demands of Myanmar’s growing digital economy, a mobile wallet must include the following features:

Instant Intra-wallet Payments
Users expect immediate transfers between wallets. Delays are unacceptable in a cashless society where the payment experience should rival that of cash transactions.

Payments from and to Bank Accounts
A mobile wallet should enable transfers directly from a user’s bank account and offer the option to receive funds in either their bank account or wallet.

Bill Payments
Mobile wallets must facilitate payments for utilities, mortgages, loans, rent, and tuition, providing a convenient alternative to traditional payment methods.

Physical and Virtual Card Management
Users should be able to store and manage multiple debit/credit card details securely within the wallet, leveraging encryption for enhanced security.

Integration with Contactless Payment Technologies
Adoption of QR codes and NFC technology is essential for enabling secure, contactless in-store payments.

Robust security measures, including two-factor authentication, tokenization, biometric authentication, and end-to-end encryption, are critical for protecting financial transactions.

Easy and Fast Onboarding
A seamless self-registration process is vital to prevent user abandonment during onboarding.

Coupons, Rewards, and Discounts
Offering deals and loyalty rewards can differentiate a mobile wallet in a competitive market.

Bill Splitting
This feature simplifies splitting bills among friends, enhancing user convenience and potentially attracting new customers.

Cash Withdrawals
Despite the trend towards cashlessness, providing options for ATM withdrawals remains important for situations where cash is still king.

Loan Offering and Management
Mobile-friendly loan services can create additional revenue streams, as seen with Paytm’s “Paytm Postpaid” service in India.

Analytical Diagrams and Dashboard
Financial health tracking tools can build user trust and encourage loyalty by offering insights into spending habits.

User Data Backup Facility
Options for secure data backup, such as syncing to iCloud or Dropbox, ensure users never lose track of their finances.

The Untapped Potential of Mobile Wallets in Myanmar
While the mobile wallet market in Myanmar is growing, there are still untapped opportunities. For instance, the use of mobile wallets for remittances remains relatively low despite the high number of Myanmar citizens working abroad. According to the World Bank, remittances to Myanmar amounted to approximately $2.8 billion in 2020, indicating a potential area for mobile wallet expansion (World Bank Data).

Moreover, the integration of mobile wallets with e-commerce platforms is still in its infancy. As online shopping gains popularity in Myanmar, mobile wallets that offer seamless payment solutions for e-commerce transactions could see significant growth.

In conclusion, the mobile wallet market in Myanmar is poised for significant growth, driven by the population’s embrace of mobile technology and the need for convenient financial services. By focusing on user experience, security, and innovative features, mobile wallet providers can tap into this promising market and contribute to Myanmar’s digital financial revolution.

How Different is a New York Bookkeeper From an In-house Accountant?

As a businessman you are already aware what crucial services a bookkeeper provides to the business. Well he is the man who keeps track of all the monetary movements taking place within the organization; how much capital goes into which business activity, from where the cash comes into the business, profit gains, losses, equity, shares and stocks and almost every activity which comes in the sphere of firm’s financial and accounting arena, has to be monitored by him. Managing account books and business finance is not a one-man game; a whole team of dedicated highly qualified professionals is hired, trained and procured by the business to run the accounting department.

Just like the other core departments of the business like Human resources, IT, marketing and sales and admin train their personnel for the technologies employed to assist their productivity, so does the accounting department spends on technical skill training for accountants and financial experts. If the business spends huge on the salaries, training and skill-set development and other fringe benefits of the employees it’s nothing wrong to expect the best of their services in return.

Even if the required services are delivered, but with your constant involvement to bring down the issues to closure and handle the chaos, then it proves to be a highly costly affair. With finances this matter is very common. Finances being the most important of the business core functions affect the other if not managed effectively.

For small and mid-size business this type of situation is very common. With limited financial resources such types of businesses cannot afford to have a poor functioning accounting department. With lots of capital, time and effort that had been invested in raising the accounting team to attain a sound stability at financial front is not achievable, affecting the business’s growth issues. It’s certainly not that if the business creates an in-house bookkeeping team is not a good decision, but with so much overheads of capital and effort that has been put in; the same could have been also managed by hiring the services of an out-house bookkeeper with much lower capital investments and almost nil involvement of yours.

The concept of outsourcing the business accounting and bookkeeping work to an out-house firm has become common with the New York firms, especially amongst the small and medium level players. New York bookkeeper firms offer high range of scalable services to meet different types of accounting and bookkeeping requirements of different business types. Completely customizable solution offerings are designed after an in-depth need analysis of the business firm by the New York bookkeepers. From cash flow movements to tax filing, stocks, shares, investments, everything is managed by them. Specialized services like inventory management, Salaries and wages management, and purchase order management are also extended from New York bookkeeping firms.

Are you still concerned about your vital financial data management with questions like who all will be the people handling the data, will they be able to handle the crucial data effectively and many other furious questions. Yes dear entrepreneurs, the people managing your firms’ highly sensitive financial data are highly professional and qualified accountants and have high level of expertise required for dealing with the financial issues. Now stop quizzing your brains and choose a reliable, professional, economical and an excellent New York bookkeeper which suffices to your accounting needs.

The Complete Guide to 3D Character Modeling

A good character from 3d animation studio, regardless of the purpose of creation, must be alive. It must have an authentic character and a memorable appearance.

A good 3d character modeling services in animation studios, regardless of the purpose of creation, must be alive. It must have an authentic character and a memorable appearance. We emphasize that it is not always attractive, but memorable, interesting and certainly evokes emotions. For example, is it possible to say about the alien (Predator in the film of the same name) or fabulous (Golum in The Lord of the Rings) heroes of modern Hollywood blockbusters that they are attractive? Hardly. But many of those who have seen these infernal beings will definitely recognize them if they appear again on the screen of a cinema or on the pages of a magazine.

A bright character from 3d character designer is interesting not only for his appearance. But also for his behavior, relations with the viewer, a high degree of interactivity, the viewer’s involvement in the plot.

3D vs 2D characters
Three-dimensional graphics is a type of computer graphics in animation studio, inwhica are combined different techniques and tools, whic are used in order to create three-dimensional objects in the space of tech-dimension.

People can work with 2D and 3D graphics with wide variety of professional instruments. As for the system requirements, they are totally different. For each of these programs has to be applied a different load to the system. Some need a processor (or processors) more powerful, some require a powerful video card (or two), and some want everything at once.

How to Draw 3D Characters: Milestones
The main features are as follows:

The systems allow you to model a building before creating drawings or prototypes;
Clear and accurate visualization from 3d character artist, that helps reduce energy and financial costs. It also increases the speed of execution of work on the construction of the facility, thereby saving the customer time;
Models can be transferred to engineering calculation systems designed for comprehensive analysis. They are for functionality, strength, durability, stability and other parameters;
Volumetric models are also used at the stages following production;
A major advantage of 3D modeling is its inherent associativity by animators for hire. It is worth changing the size of one part in the assembly, and the dimensions of the elements associated with it will change;
Top 3D Character Design Software
There are different 3D programs on the market nowadays, used in Kevurugames. They were designed in order to develop three-dimensional models by animation agency. There are own specific characteristics for every product. One software helps to view and correct inaccuracies in 3D-files. Another helps to create special effects, the third – to design complex parts and sculptures.

With the help of this approach nowadays it’s possible to:

create graphics in three-dimensions;
make high-quality of images;
engage in rendering (visualization);
feed finished images to a printer or display.
The software presented on the market differs in approaches to modeling. In total, there are three options for creating 3D models: solid, sculptural and procedural.

Some of the best options include Autodesk Viewer,, and ShareCAD.

Where to Find the Best 3D Characters?
Creating a character in 3DMax and other Autodesk programs requires professional skills from the modeler and a deep understanding of the principles of the program itself. Therefore, 3D modeling software from Autodesk is not recommended for beginners. And it is worth ordering development from professionals.

How Much Does It Cost to Create a 3D Game Character?
At first glance, ordering from 3d character artist for hire is expensive. But in fact, the work of actors or photographers is more expensive. In complex scenes where the hero interacts with virtual objects, replacing a live actor with a computer one will be cheaper than filming tricks live. All you need is a computer and a competent 3d-animator. No expensive filming required. The cost in each case is named .

Wrapping Up
A corporate character allows you to consolidate the visual image of a brand or company in the consumer’s mind. Thanks to it, emotional attachment is created, recognition and popularity of the brand increases. The corporate character, along with other components of the brand (name, logo, slogan, corporate identity, packaging design, advertising, etc.), determines the success of the brand. It is used to better identify it and reflect the concept of positioning.