2C2P, a leading provider of innovative payment solutions in Asia-Pacific, and Myanmar Citizens Bank, one of the pioneer private banks in Myanmar, have officially announced the launch of Myanmar’s very first mobile point of sale (mPOS) solution, iACCEPT, in partnership with Myanmar Hotels International Group, to accept MasterCard and Visa international payment cards. iACCEPT is a 2C2P owned innovative mobile solution that transforms iOS and Android smart phones into a mobile point of sales system. iACCEPT will allow Inya Lake Hotel and The Strand Hotel, both luxury hotels under Myanmar Hotels International Group, to accept payments through MasterCard and Visa inside the guest room, effectively providing in-room express check out facilities for guests.
U Myint Win, Managing Director of Myanmar Citizens Bank said: “We are very proud to present Myanmar’s first ever mPOS solution, iACCEPT. iACCEPT turns smart phones into a POS device by simply attaching one small card reader with an ability to read magnetic stripe cards and EMV chip cards. It also enables merchants to use the POS right in front of the customer, instead of taking the card away from them. This will bring customer service to next level by providing a luxurious convenience. iACCEPT makes transactions more secure as they are processed right before the customers eyes. Both the hardware and software of the iACCEPT solution are very advanced and innovative, extending the capability of POS beyond traditional POS terminals.”
iACCEPT solution runs on the same backbone of 2C2P’s PCIDSS Level 1 (Payment Card Industry Data Security Standard Level 1) payment platform, so it is as secure as a traditional POS terminal. PCIDSS Level 1 is the highest security standard recognition set by the payment industry.
Sukhdeep Singh, Managing Director of the Myanmar Hotels International added: “iACCEPT will take our hotels a step forward in our quest to provide service and convenience of the highest-level possible. We are delighted to be a partner of this innovative, 21st century application that will enhance our guests’ experiences”.
Antonio Corro, Country Manager, Myanmar and Thailand at MasterCard said: “The adoption and integration of mPOS technology into a merchant’s current payment environment will not only enhance the retail and payment experience for consumers, but hopefully also pave the way for more digital convergence in the near future with innovations such as NFC or contactless capabilities, QR codes and digital wallets. Given the shift we’re seeing among the Myanmar consumers’ acceptance of mobile technology, we believe this can and will play an important role in further developing the electronic payments landscape in Myanmar as we continue to work towards a world beyond cash.”
Somboon Krobteeranon, Country Manager, Myanmar and Thailand at Visa International (Asia-Pacific) said: “We congratulate Myanmar Citizens Bank and 2C2P on the launch of iACCEPT. Mobile point of sale solutions such as iACCEPT will provide retailers with an easy-to-implement, portable and cost effective way to accept electronic payments, helping to bring the benefits of card acceptance to even more retailers across Myanmar. We look forward to working with Myanmar Citizens Bank and 2C2P as we are committed to supporting the development of Myanmar’s financial infrastructure.”
Aung Kyaw Moe, Founder and Group CEO of 2C2P said: “We are thrilled to see iACCEPT being implemented at such prestigious hotels. 2C2P has been providing many innovative services in Southeast Asia for the past 11 years. As a Myanmar citizen, I am very happy to be back home and doing what we know best – payment solutions. We will do our very best to serve the market with more innovative services in the near future.”