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
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
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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