KBZ Bank Hosts Second KBZPay Ecosystem Summit, Showcasing Innovative Mini Apps Capabilities for Businesses to Achieve Growth
KBZ Bank, Myanmar’s largest private bank and operator of KBZPay, the country’s leading mobile wallet, hosted the second KBZPay Ecosystem Summit on 10 December 2024, at the Wyndham Grand Yangon Hotel. The summit brought together more than 300 key stakeholders, including entrepreneurs, merchants, developers and KBZPay representatives to explore new opportunities within the KBZPay ecosystem.
The summit is part of a series of events held by KBZ Bank to encourage businesses to leverage the power of the KBZPay Mini App solution, which are mini-applications (or in-app e-commerce stores) embedded within the KBZPay ecosystem that serve as a gateway for merchants to connect seamlessly with millions of KBZPay customers.
Image: KBZPay
Building on the success of the first KBZPay Ecosystem Summit in March 2024, this second event highlighted KBZPay’s expanding ecosystem capabilities and new features, success stories from KBZPay Mini App merchants, and innovative solutions for overcoming business challenges.
In his opening remarks, U Zaw Lin Aung, CEO of KBZ Bank, reaffirmed the bank’s commitment to driving financial inclusion and innovation, as well as shaping the future of digital Myanmar through collaboration.
Image: KBZPay
“Our goal is to support Myanmar’s digital economy by helping businesses grow through the KBZPay ecosystem. With Mini Apps in KBZPay, we’re making it easier for customers to access services and for businesses to connect with more people and streamline their operations. With close to 18 million customers and a rapidly growing ecosystem of Mini Apps, KBZPay is transforming how people use digital payments and e-commerce in Myanmar. Events like the KBZPay Ecosystem Summit are essential for strengthening and forming new partnerships. By working together, we can help businesses and developers make the most of the KBZPay platform and bring digital financial services to more people across the country,” said U Zaw Lin Aung.
U Soe Ko Ko, Managing Director of KBZ Bank, highlighted the expansion of the KBZPay Mini App ecosystem in recent months, which now encompass over 40 applications across eight sectors, such as shopping, travel, foods, play&chill, delivery, leisure, general and astrology.”Through the KBZPay Ecosystem Summit, we wish to inspire more entrepreneurs and businesses, both large and small, to realise the potential of leveraging the KBZPay Mini App solution to achieve growth. We are also connecting businesses with developers to support technology integration and the creation of new and innovative Mini Apps in KBZPay that cater to the evolving needs of customers.”
Daw Ei Thanda Hlaing, Senior General Manager of KBZPay, presented updates on the new KBZPay ecosystem capabilities, including Mini App templates designed for retail and F&B businesses. These templates make it easier for businesses to quickly start operating within the KBZPay ecosystem without the need for significant investment or app development from scratch. By offering pre-designed solutions tailored to specific industries, KBZPay lowers the barrier for businesses to go digital.
Image: KBZPay
The summit also featured real-world success stories from successful Mini App merchants, such as Prince Hotel, Watch by Cherry Oo, and Min Thein Kha, who shared how KBZPay has transformed their customer engagement and business operations. Developers from GMBF also presented insights into leveraging KBZPay’s developer-friendly platform to create scalable solutions for businesses.
The summit concluded with a networking session, where business representatives, developers, and KBZPay leaders exchanged ideas and explored partnerships to accelerate digital transformation.
KBZ Bank is determined to be a key driver for financial inclusion through digital payments, leading a movement that boosts businesses and fuels economic growth. To learn more about the KBZPay Mini App solution, and explore the opportunities within the KBZPay ecosystem, please visit https://www.kbzpay.com/my/mini-app-mm/ or contact the KBZPay team at kbzpay.miniapp@kbzbank.com.
