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NearMe, OK Dollar join forces for easier digital payments

Two Myanmar digital payment firms have partnered up to push for a cashless system in the country. The two digital service providers, offline payment aggregator NearMe and mobile wallet service OK Dollar, have jointly announced a collaboration to offer digital payments for NearMe’s micro, small and medium-sized enterprises (MSMEs) in the country.

The partnership is an effort to encourage the customers of NearMe’s retail partners throughout the country to limit the infection risks by using digital options like OK Dollar, according to the companies’ release. This partnership is an effect to reduce the usage of cash spending during the COVID-19 period. Starting from this year, their retail and delivery partners like OK Dollar can accept multiple payments. With the steady growth of users, NearMe is well-positioned to meet the needs of the businesses in Myanmar by extending reach and accessibility offline through the timely collaboration with OK Dollar.

Launched in 2015, NearMe enables retailers to sell digital goods and tickets, collect bill payments, process personal loan applications, and accept electronic payments. The firms has over 50,000 retail partners nationwide. In September, NearMe attracted financial help from Sumitomo Corp, a Japanese Fortune 500 global trading and business investment company. The funds will enable NearMe to offer more digital solutions to its retail partners seeking technology to help them grow in the post COVID-19 period.

Source: Myanmar Times

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