Telenor Myanmar partners with digital firm Experian that aims to provide financial services to those without bank accounts in Myanmar. The target population includes individuals, households and small businesses. “Our partnership with Experian will become the very first of its kind and will enable financial institutions to reach out to the millions of unbanked subscribers,” Telenor Myanmar’s chief marketing officer Amaresh Kumar was quoted as saying by the Myanmar Times. Under the agreement, Experian will help Telenor facilitate pre-qualification for borrowers to secure up to US$ 1000 in as micro-finance. Additionally, credit cards with spending limits up to $1000 will also be facilitated, the report said. “Our aim is to improve financial inclusion in Myanmar through the use of alternative data,” said Dev Dhiman, Experian’s managing director for Southeast Asia and emerging markets. Access to capital is one of the major challenges highlight by companies operating in Myanmar.
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