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Business

Mobile money flourishing in Myanmar

Telecoms see chance to catch up with startups as country shifts away from cash

Wave Money is operated by Norway's Telenor Group and Myanmar's Yoma Bank.

YANGON -- For a population used to carrying wads of cash stuffed in pockets, purses and wallets, mobile money has the potential in Myanmar to dislodge paper as the main means to make payments and remittances. 

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