A member of the Association of Southeast Asian Nation (ASEAN) since 1997, Myanmar currently ranks 70th in GDP. With more investments from East Asian countries, the fintech industry is on route to growth and will likely be a key player in the country's modernization. While Myanmar currently has a small number of fintech companies compared to other SEA countries, the country is almost entirely focused on digitizing and developing mobile payments.
Partnered with local banks in the country, Kiu Myanmar is helping digitize a lot of SME's business processes using Kiu's Business Management Platform. Kiu provides automation of business, audit trail and reduces paper-based systems that are labor-intensive and error-prone. With Kiu, SMEs can establish trust, prove business legitimacy and reduce risks for banks in granting commercial loans.