Ongo opened a new digital payment system for Advans MFI Myanmar’s small group clients in Mandalay and Sagaing regions
In Myanmar, it is noted that Ongo, Business-to-Business (B2B) digital payment service, and Advans MFI Myanmar Company Limited, a leading international microfinance group, collaborated together for the purpose of fast and smooth procedures of paying back loans by small group clients from Advans MFI Myanmar using digital systems, Ongo mobile app system or QR code system from Ongo Agents. Along with emerging and advancing of Mobile Internet in Myanmar, because of the development of digital payment systems like Ongo, the works of the public dependent on payment systems for business developments will, of course, become easy and comfortable.
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‘As Ongo, we are satisfied with this collaboration because we are working for easier and more comfortable use of Advans MFI Myanmar’s microfinance services by the public. The borrowers from rural areas are facing inconveniences such as transportation difficulties and being far away from services almost all the time. Ongo is going to solve this so that people living in Mandalay and Sagaing regions where Advans’s lending services are in operation can return loans easily and conveniently from home or from work. The borrowers might have faced such difficulties at a time but now, they could spend more of their precious time and focus on more important business development than before and could experience services without being distracted’, said Allen Gilstrap, CEO of Ongo.
After being introduced to digital service by Ongo, the borrowers from Advans MFI Myanmar can return loans easily by going to places where Ongo agents exist, by Ongo App from mobile phone and also by themselves. It is noted that with the guidance of Myanmar Oriental Bank (MOB), because under the control of Myanmar Central Bank above the stage of MOB, Ongo mobile wallet account will be obtained as a safe bank account for users without going to any branches.
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‘Because of collaboration with Ongo, our borrowers could pay back loans easily and fast around their neighborhood. So, the borrowers’ daily works could have Advans’ finance services near at hand and devoted time and cost could be reduced. Due to this collaboration, Advans could reach the public and businesses residing in very long distances which were once beyond reach. Not only this collaboration could create more profit but also transportation development could lead to the growth of all businesses of families, small enterprises and farming businessmen in Myanmar who were in no position to borrow loans in the past,’ said by Jana Kadian, Managing Director of Advans MFI Myanmar.
If you would like to know more about the digital payment system collaboration of Ongo/ Advans or other modernized and innovative digital payment services of Ongo, you can check the links below.
