ConnectNPay is the umbrella brand for a suite of financial technologies developed by Leo Tech to bring advanced solutions to emerging eCommerce markets such as Myanmar. It is comprised of three components which we believe will help us form the collaborations which will shape E-commerce there and in other emerging markets.
The Yangon City Development Council, commissioned us along with in-country partners Global Wave to move their systems from paper ledgers and silo-ed departments to record business and residential ownership data so as to coordinate billing for things like Land, Sewage and so on. This in turn reduces errors, fraud etc. We were even responsible for finding the appropriate printer hardware to create a system which now produces circa 10 million bills per year, and reduces the billing cycle from 62 days to 6.
Digitized record and systems August 4th, 2015wp-admin
Partly to support the expansion of MYWALLET plus we've created an ecosystem which allows other players to connect and collaborate. July saw delivery of an integration with AYA Bank which as well as serving their customers allows the unbanked to pay bills over the counter. Earlier this year, Leo Tech’s CEO was in Yangon at a mobile ecommerce conference, announcing in his keynote an integration with CB bank and over a hundred vendors.
Rather than produce a closed network we intend to collaborate allowing other vendors and payment gateways (even other eWallets) to connect. We're currently in talks to develop support for top-up cards, kiosks, epos, telco’s, more banks –in Myanmar and other exciting territories.