Company Information

Get to know MYPAY Myanmar

MYPAY is a mobile financial service and digital wallet in Myanmar, operated by the licensed DB Bank Public Company Limited. Launched to promote financial inclusion and accelerate the country's transition to a digital economy, MYPAY offers a comprehensive suite of services through its smartphone app. Users can perform QR code payments, transfer money to other users, pay a wide range of utility and service bills, and top up their mobile phone balances. The service is regulated by the Central Bank of Myanmar and aims to provide a fast, easy, and secure financial platform for daily transactions for the people of Myanmar.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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MYPAY Myanmar

Myanmar

Founded in

2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.