Ongo, a local digital payment service provider, last week announced a partnership with BRAC Myanmar Microfinance Company (BRAC) to fully digitise the latter’s loan repayments.
Under the agreement, BRAC borrowers can quickly and easily pay back their loans with the Ongo mobile app or with an Ongo QR Card at any of Ongo’s 1800 agents across Myanmar.
BRAC, which aims to create employment and income opportunities for people living in poverty, particularly women, has lent more than US$76 million to a total of 131,319 borrowers since 2014.
