mobile monday (july 2014) - c2cp - enabling online payment in myanmar
DESCRIPTION
Nyein Chan Soe Win of C2CP shares their experiences in enabling online payments in Myanmar.TRANSCRIPT
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Enabling Online Payment in Myanmar
Making Sure We All Get Paid
Nyein Chan Soe Win
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Myanmar, the last frontier in ASEAN
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Regional SummaryExecutive Summary of South East Asia Market
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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
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E-Commerce Growth in Myanmar
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Very Optimistic, Very Promising
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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
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Challenges
• Buyer has to confirm seller
• Seller doesn’t receive email or call
• Error from manual matching from seller
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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
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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.
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Traditional E-Commerce Gateway
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m-Commerce Screen
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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.
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Thank You