The Embassy of Nepal in Yangon on Sunday organized an event “Nepal-Myanmar Trade Relations: Promoting Software Business” at Chatrium Hotel, Yangon to promote software business of Nepal.
The event aimed to promote Nepal’s emerging IT sector - software development and digital services as a potential sector for collaboration between Nepal and Myanmar, according to a press note issued by the Nepali Embassy.
Commending maturing Nepal’s IT products and services, Ambassador Ghimire said, "Nepal’s banking and fintech sectors are fully reliant on solutions developed domestically."
Ambassador Ghimire further stated that the Government of Nepal attaches high importance to IT and software production and has recently announced IT Decade with ambitious target of increasing export to USD 25 billion from current USD 500 million with creation of nearly 1.5 million jobs in the sector within a decade.
Similarly, Chief Minister of Yangon Region U Soe Thein emphasized the relevance of the event in modern digital world and congratulated the Embassy team for the initiation.
Welcoming the participating Nepali IT companies to Myanmar, he expressed his commitment for facilitating collaboration between IT sectors of the two countries.
Similarly, President of UMFCCI U Aye Win commended on the progress of Nepali IT sector on businesses, process and outsourcing. He underscored that the digital transformation is no longer optional rather critical for survival of business.
The Deputy Governor of Central Bank of Myanmar, Dr. Lin Aung, who was invited as the chief guest of the event, took keen interest in core banking software, wallets, compliance solution, KYC management solution, remittance software, Paying-Receiving API, software Microfinance institutions and Cooperatives, mobile banking software that were showcased by Nepali IT companies.
Chief Minister of Yangon Region, President of Union of Myanmar Federation of Chambers of Commerce and Industry and Deputy Governor of Central Bank of Myanmar among others were present on the occasion.
The major objective of the event was information dissemination among representatives of business circle, IT companies, banks, microfinance and financial institutions of Myanmar, according to the press note.
