TrueMoney, a subsidiary of Thailand’s True Corporation, is moving to expand into international mobile payment services, targeting Burmese migrant workers.
Many shops in the Malaysian capital Kuala Lumpur are being used to send money to refugee camps in Bangladesh since a military crackdown in August prompted over 600,000 members of the Muslim minority group to flee Burma.
Experts have urged authorities to bring in new laws to govern the practices of e-commerce, as legal questions over online transactions arise.
In business this week: A new 10,000 kyat note; Japanese assistance to upgrade postal system; Singapore leads investment in new tax year.
Japan is to continue providing help to Burma as it upgrades its postal system to include options such as money transferring in-branch and other ICT-based services, according to a memorandum of understanding signed on Tuesday, the Bangkok Post reports. Following an initial agreement in April 2014, experts from the Japan Post Service Company visited Burma with technical …
“The crackdown has yet to uproot all trafficking networks,” said human rights lawyer Surapong Kongchantuk from the Lawyers Council of Thailand.