August 18, 2016


Image 3 72RED Dot, a widespread payments solutions service provider in Myanmar, celebrated its first birthday today by announcing business milestones including the reaching of 10,000 stores across Myanmar.The company also announced a new initiative, launching a partnership with Viber, Myanmar’s most popular messaging and VoIP operator, to provide Viber Out to local consumers. Viber Out allows Viber users to call non-Viber users directly to their landline and mobile phones both domestically and at a reduced price outside of Myanmar.
Due to the new initiative Myanmar is the very first market in the world where Viber has been able to launch Viber Out to consumers. In other countries Viber Out requires bank or credit card payments – a major issue in Myanmar’s predominantly cash-based society. Now, thanks to the partnership, Viber users can top-up their Viber Out accounts at any Red Dot outlet.
“The success of Red Dot in Myanmar has resulted in this innovation to provide in-demand digital products to the people,” said Red Dot Founder and CEO John Nagle. “We will continue to innovate and look for more world-first opportunities to empower Myanmar’s retail sector.”
The announcements were made at a celebratory event at the Parkroyal Hotel in Yangon.
“Red Dot has become an integral part of communities across Myanmar and our network continues to grow rapidly,” said Red Dot Chief Marketing Officer Andy Whelan. “Achieving our 10,000th outlet is a real testament not just to our efforts to expand in the country but also to the commitment and support of the many shop owners and consumers who enjoy our services.”
Red Dot’s 9,999th shop owner, Ko Paing Ag Soe, and 10,000th shop owner, Ko Ar Kar, who came from Kayin State, joined the one-year anniversary celebrations, receiving congratulatory gifts from the company. “When I first heard about Red Dot, I was so excited because I knew this was the future for the retail market,” said Ko Paing Ag Soe, who went from a being a distributor of scratch cards to opening his own mobile shop selling only top-ups from Red Dot.
Ko Ar Kar, who has a mobile phone shop in Kayin State, had heard about Red Dot but didn’t sign up until a sales team visited to explain Red Dot’s many benefits for shop owners. “With Red Dot there is no need for stock management, which is what really attracted me,” said Ko Ar Kar. “Now I no longer have to purchase various scratch card denominations. This has really made my life easier and allowed me to run this part of my business more smoothly.”


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