AGD Managing Director Sees Fintech Opportunity in Myanmar

The video discusses the potential of fintech in underbanked regions with high smartphone penetration. It highlights the importance of digital platforms to reach unbanked markets and the role of financial inclusion initiatives. Challenges in talent acquisition and technology adoption are addressed, along with the impact of international partnerships. The need for reforms in financial literacy and credit rating systems is emphasized.

What is the main opportunity for banks in Myanmar according to the speaker?

• Expanding brick-and-mortar branches

• Investing in real estate

• Leveraging digital platforms to reach the unbanked

• Focusing on traditional banking methods

Which company did the bank team up with to offer mobile money services?

• Horn

• Telenor

• Uber

• True Money

What is a significant challenge in Myanmar's fintech sector?

• High cost of SIM cards

• Lack of interest in technology

• Low levels of digital and financial literacy

• Over-regulation by the government

How has the cost of SIM cards changed in Myanmar since 2010?

• Increased significantly

• Fluctuated unpredictably

• Decreased significantly

• Remained the same

What was one of the first actions taken by the bank's new leadership?

• Launching an IPO

• Rebranding and restructuring the bank

• Cutting down on partnerships

• Expanding into new markets

What is the speaker's view on the pace of reforms in Myanmar?

• Heading in the right direction

• Too fast

• Unnecessary

• Too slow

What future plan does the bank have regarding the stock market?

• Future IPO when the market matures

• No plans for an IPO

• Immediate IPO

• Merging with another bank