YANGON -- Digital money transfer services in Myanmar by mobile phone operators and banks have all but replaced traditional remittances in only a few years.
CEO Brad Jones of Digital Money Myanmar -- operator of the country's leading remittance provider Wave Money -- says transactions via the service exceeded 2 trillion kyat ($1.3 billion) for the first time in 2018, adding that it will be "probably around $4 billion to $5 billion" by the end of 2019.
