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We are thrilled to announce a partnership between ThitsaWorks and Greenovator to disseminate Digital Financial Literacy content to end-users and help them improve their financial education. Our main objective is to equip grassroots-level citizens with the necessary knowledge and tools to make informed decisions when utilizing financial products and services. ThitsaWorks has developed financial educational content which is essential to daily life, covering topics such as data security, financial management concepts and tools for individuals, small and medium-sized enterprises, financial products, and online payment tools. Greenovator, through its digital channels, including the Green Way Agri-Livestock-Fishery Mobile App (Myanmar) and social media accounts, will make this content readily assessable to end-users. We are confident that our joint efforts will lead to a more financially literate and empowered population, creating a positive impact on individuals and communities as a whole. Together, we look forward to embarking on this partnership and achieving our shared goals of promoting financial inclusion.

Singapore, 18 April 2023 The Mexican Association of Credit Unions of the Social Sector (AMUCSS), the People’s Clearinghouse, and ThitsaWorks have signed a Memorandum of Understanding (MOU) to cooperate in the delivery of a cross-border remittance platform for the US-Mexico corridor, focusing on rural migrant laborers. The platform will use open-source software from the Interledger Foundation and Mojaloop Foundation, specifically, Rafiki and Mojaloop’s Cross Network Provider. Many community banks in Mexico face technical limitations that prevent their customers from connecting to the Interbank Electronic Payment System (SPEI) through their own (nostro) accounts, leaving them no choice but to rely on non-transparent intermediaries to connect to other banks’ (loro) accounts. Without the ability to directly connect to SPEI, remittances to beneficiaries living in rural Mexico arrive in cash, which is both expensive and risky. To address this issue, AMUCSS has pursued the creation of the People’s Clearinghouse to establish a cross-border payment clearinghouse that will leverage AMUCSS’s existing network of 140 mainly rural community banks (SOFINCOS) and a broader network of saving cooperatives (SOCAPS), and connect them to SPEI and other payment networks. This initiative will provide a fast and low-cost account-based entry point for remittances to rural communities and contribute to the reinvestment of liquidity for community development. ThitsaWorks, with extensive experience in similar projects – including WynePay interoperable payment switch in Myanmar and the cross-border remittances platforms for the Singapore-Philippines and Singapore-Myanmar corridors – will provide non-binding technical and operational advice for the successful implementation of this project. Utilizing their deep payment expertise, financial services insights, and hands-on operational and development expertise of the Mojaloop platform, ThitsaWorks’ technical assistance will cover establishing operational procedures and developing a framework for scheme rules, risk management, dispute resolution, and business continuity. Andres Arauz, CEO of the People’s Clearinghouse, said “The US-Mexico remittance corridor is the world’s largest. But remittances are still cash-based and very expensive. The People’s Clearinghouse is working with the Mojaloop community from across the world to put open innovation at the service of true financial inclusion - the empowerment of communities and their locally governed financial institutions. We appreciate ThitsaWorks’ real-life experience and advice in making this happen.” Isabel Cruz Hernandez, CEO of AMUCSS, added, “Four decades of experience in contributing to local communities and a network of 140 community banks are what AMUCSS brings to the table. We are looking forward to the extensive network of collaborators and a swift authorization process to turn remittances into deposits and to put those savings to work for broader community development.” Nyi Nyein Aye, CEO of ThitsaWorks, stated, “We are thrilled to collaborate with the People's Clearinghouse and AMUCSS, offering technical and operational advice to facilitate the successful implementation of this significant initiative. Our insight and experience with Mojaloop will aid in the development of operating procedures, scheme rules, and risk management frameworks.” AMUCSS and the People’s Clearinghouse will launch its project roadshow to payments experts, government officials, regulators and the broader community and cooperative financial sector on April 25. — About ThitsaWorks: ThitsaWorks is a FinTech that provides digital payment and data analytics solutions for financial institutions to transact, collect, manage and analyze data needed to run effective operations and manage risks. ThitsaWorks’ data-driven solutions help financial institutions grow and make better credit decisions, and improve financial inclusion by providing users with access to financial literacy, financial information and appropriate financial products. ThitsaWorks’ solutions include core banking software, microfinance data sharing platform, digital financial literacy platform, and interoperable payment switch platform. For more information about ThitsaWorks, visit https://www.thitsaworks.com. About AMUCSS: The Mexican Association of Credit Unions of the Social Sector (AMUCSS) is a non-profit community-banks-owned organization that assists small marginal communities, helping them create their local community bank. In this way, AMUCSS has built a network of more than 140 community banks led by local leaders and organizations. For more information about AMUCSS, visit https://www.amucss.org/ About the People’s Clearinghouse: The People's Clearinghouse is a social innovation entity to benefit the broader public, specifically rural and indigenous people who have organized themselves into community banks or co-ops. Millions of co-op account holders have been historically excluded from the Mexican payment system. With the People’s Clearinghouse, remittances will be faster, inexpensive and -above all- reinvested in their local communities. The People’s Clearinghouse will be regulated by Mexico’s central bank. For more information about the People’s Clearinghouse, visit https://lacamara.mx/ *****

Hi peeps! ThitsaWorks Monthly Newsletter for April is out now. This month, we shared our activities and product and project updates. We have also included global fintech news and articles. Check out our newsletter here and don't forget to click the subscribe button: https://bit.ly/3N9WFNI

Photos: The Mojaloop Foundation The Mojaloop PI-21 OSS Community Meeting, held in Kigali, Rwanda, from 6 to 10 March 2023, was a resounding success. The meeting provided a platform for participants from around the world to share ideas, discuss key issues, and chart the way forward for the Mojaloop open-source project. The event provided an excellent opportunity for fintech companies committed to promoting financial inclusion to connect with other experts in the field and share their experiences. The ThitsaWorks team, at the invitation of the Mojaloop Foundation, was intimately involved in the event. Our CEO, CSO, and COO attended the event in person, with other team members participating online. The team participated in several panel discussions and gave presentations throughout the week. The CEO was part of a panel discussion and shared insights into deploying Mojaloop in emerging markets. The COO gave a presentation on ThitsaWorks’ experience in implementing Mojaloop in Myanmar. Our CSO and CTO delivered a joint presentation, highlighting the importance of collaboration and community engagement in ensuring the success of Mojaloop. On day 4 of the event, our CSO delivered another presentation, this time focusing on leveraging technology to achieve financial inclusion in developing countries. The presentations were well-received as many participants engaged the team in discussions after the presentations, and often acknowledged the value of insights they gleaned. In addition to the formal meetings, the team had the opportunity for sideline meetings during the event. The networking opportunities have presented us with potential collaborations to explore, which we will be doing in the coming weeks and months. All in all, the Mojaloop PI-21 OSS was a very successful community meeting that showcased a high level of engagement and collaboration. Our team gained valuable and eye-opening insights into the latest trends and developments in the industry. It also gave us the opportunity to learn from the experiences of other participants, gaining new perspectives that will inform the future work we embark on. The event, in fact, highlighted the importance of community engagement and collaboration. As advocated in our CSO and CTO’s joint presentation, successful fintech projects require collaboration and engagement from various stakeholders. It is essential to engage with other companies, regulators, and local communities to ensure that our products and services are meeting the needs of their intended users. Another key takeaway was the significance of technology in promoting financial inclusion. The presentations by the participants highlighted the ways that technology can be leveraged to promote financial inclusion, such as through mobile money and digital banking services. The event showcased various innovative solutions and approaches, demonstrating the potential of technology to drive financial inclusion. The Mojaloop PI-21 OSS Community Meeting was a highly productive and informative event. We are thrilled to have been given the opportunity to participate in it and we are looking forward to contributing further to the Mojaloop community. We like to end with a big thanks to the event organizers and sponsors; their hard work and dedication made this event a reality. So much so that we left it feeling energized, inspired, and eager to continue our work toward promoting financial inclusion for all. *****

We are thrilled to announce that ThitsaWorks has been recognized as the winner of two titles at the World Business Outlook Awards: · Best FinTech Solutions Provider for Micro-Finance Business Myanmar 2023 and · Best Data Analytic Solutions Provider for Financial Institutions in Myanmar 2023 This recognition is a testament to our team’s dedication and hard work in providing innovative and effective solutions for the finance industry in Myanmar. We are grateful for this recognition and are proud to continue our commitment to delivering high-quality solutions to our clients. Here is the announcement on the World Business Outlook Awards Website: https://lnkd.in/gJpP8XQf

Hi peeps! ThitsaWorks Monthly Newsletter for March is out now. This month, we shared our activities and product and project updates. We have also included global fintech news and articles. Check out our newsletter here and don't forget to click the subscribe button: https://bit.ly/3N9WFNI

Innovations for Poverty Action (IPA), a research and policy organization, and ThitsaWorks, a Myanmar fintech, have signed a Memorandum of Understanding (MOU) to collaborate on the research project titled "The Impact of Interoperability in Microfinance," with a focus on the performance and impact of real-time interoperable payment system on the country’s microfinance institutions (MFIs) and their customers. Implementation of a participant-governed, shared, and open platform that empowers Myanmar’s MFIs to connect to mobile wallets and banks timely and cost-effectively with an ultimate goal to involve low-income residents of the country in the digital economy by offering MFIs and their clients accessible digital payment solutions is underway. A total of 33 major players in the industry have thus far confirmed a commitment to take part in the scheme. In the long run, an interoperable payment platform stands to benefit over 5 million microfinance clients in Myanmar. IPA and ThitsaWorks will jointly undertake research activities to evaluate the efficiency and impact of interoperable payments over a set time period. A public report will be made available by IPA using data acquired from demand and supply-side stakeholders. The lessons learned will help global stakeholders in their journey to launch an interoperable payment system in the microfinance finance sector of their own countries. Mr. Nyi Nyein Aye, CEO of ThitsaWorks stated, "In developing countries, microfinance sector digitization has become a mandatory requirement for its sustainability. The introduction of an interoperable payment system in Myanmar’s microfinance brings great potential for the adoption of digital finance in the country. We are honored to partner with IPA to develop a Monitoring & Evaluation framework as we believe this is the essential part of the development of a credible solution.” Ms. Afke Jager, Country Director of IPA Myanmar commented, "The IPA team is excited to work closely with ThitsaWorks under IPA’s interoperable payment systems research program as we share the common mission towards improving the lives of people living in poverty through financial inclusion. We believe this partnership will bring out the qualitative and quantitative insights of the performance and impact of the solution developed to enable interoperable and real-time payment system in Myanmar." Digitalization for sustainability It is estimated that 70% of the adult population of Myanmar is unbanked, and microfinance institutions are essential to bringing financial services to low-income customers. More than 180 MFIs provide financial services to around 5 million people across the country, and yet a sizable population is still excluded. The lending process has always been cumbersome for borrowers, and the global pandemic and extraordinary shift in the political landscape have now made it more painful to access credit. Digital financial service providers in Myanmar’s financial market operate independently from each other. This lack of interoperability results in siloed financial networks. Integrating microfinance operations with digital payment systems takes a series of negotiations, agreements, technical integration, and settlement procedures – one at a time. Thus, the whole process is complicated, and incurs excessive expenditures. An interoperable real-time payment switch is under implementation to serve as a single point of integration for microfinance institutions in Myanmar. It aims to increase the efficiency and digitization of microfinance transactions. This switch, which is the first of its kind in the country, uses Mojaloop open-source technology and was developed through the Myanmar Microfinance Digitalization Initiative by ThitsaWorks, INFITX, and United Nations Capital Development Fund. ----- About IPA: Innovations for Poverty Action (IPA) is a research and policy organization that discovers and promotes effective solutions to global poverty problems. IPA designs, rigorously evaluates, and refines these solutions and their applications together with researchers and local decision-makers, ensuring that evidence is used to improve opportunities for the world’s poor. Since its founding in 2002, IPA has worked with over 600 leading academics to conduct over 830 evaluations in 52 countries. To learn more about IPA, please visit: https://www.poverty-action.org/ About ThitsaWorks: ThitsaWorks is a FinTech that provides digital payment and data analytics solutions for financial institutions to transact, collect, manage, and analyze data needed to run effective operations and manage risks. ThitsaWorks’s data-driven solutions help financial institutions grow and make better credit decisions and improve financial inclusion by providing users with access to financial literacy, financial information, and appropriate financial products. ThitsaWorks’ solutions include core banking software, a microfinance data-sharing platform, a digital financial literacy platform, and an interoperable payment switch platform. To learn more about ThitsaWorks, please visit:https://www.thitsaworks.com/

Hi peeps! ThitsaWorks Monthly Newsletter for February is out now. This month, we shared our activities and product and project updates. We have also included global fintech news and articles. Check out our newsletter here and don't forget to click the subscribe button: https://bit.ly/3N9WFNI

ThitsaWorks is pleased to announce the appointment of Ms. Candy Phyu Phyu Khin as its new Chief Financial Officer (CFO), commencing in February 2023. Candy has over 10 years of experience in corporate finance, mergers and acquisitions, joint ventures, capital raising, private equity investments, and business consultancies for multiple enterprises in Singapore and the South East Asia Region. She is an experienced finance professional with strong technical skills in financial modeling, enterprise, equity valuation, and product analysis. Prior to joining ThitsaWorks, Candy worked as a CFO, Finance Director, Private Equity Associate, and M&A Specialist with a leading bakery chain, wholesale and retail trading business, investment firms, and KPMG Singapore. Candy graduated from Singapore Management University with double majors in Finance and Strategic Management and received Myanmar national top second award in her cohort. Candy previously worked as a Financial Consultant at ThitsaWorks and led the company’s seed funding. In her new role as CFO, Candy will oversee the financial activities of ThitsaWorks, including financial planning and analysis and management of financial risks, to support the company’s strategic business plan. Regarding the appointment, Mr. Nyi Nyein Aye, CEO of ThitsaWorks, commented, “We are thrilled to announce Candy as our newly appointed Chief Financial Officer. With her leadership, I am sure ThitsaWorks will be able to maintain financial stability and create sustained value in the future.” Ms. Candy Khin, the new CFO of ThitsaWorks, commented, “I am excited to join the ThitsaWorks team of highly passionate professionals who bring innovative financial technology products and solutions to underserved markets and communities.” About ThitsaWorks ThitsaWorks is a FinTech that provides digital payment and data analytics solutions for financial institutions to transact, collect, manage, and analyze data needed to run effective operations and manage risks. ThitsaWorks’ data-driven solutions help financial institutions grow and make better credit decisions and improve financial inclusion by providing users with access to financial literacy, financial information, and appropriate financial products. ThitsaWorks’ solutions include core banking software, a microfinance data-sharing platform, a digital financial literacy platform, and an interoperable payment switch platform. For more information about ThitsaWorks, visit https://www.thitsaworks.com. *****

We are thrilled to announce the appointment of Mr. Aung Thaw Aye as the new Chief Technology Officer (CTO) of ThitsaWorks, effective from Feb 1, 2023. With over 13 years of experience in the technology industry, Aung brings expertise in digital transformation, project and team management, and designing, developing, and integrating various payment gateways and solutions. His track record of achievements includes founding two IT startups in Myanmar and Singapore. Prior to ThitsaWorks, Aung worked as a Software Engineer, Architect, and Head of Technology in telecommunication, payment systems, and software development companies. Aung has been overseeing day-to-day technology operations at ThitsaWorks as Deputy CTO since May 2022. As CTO, Aung will lead ThitsaWorks’ growth in the digital payment industry and support its international expansion strategies. “We are delighted to welcome Aung into an elevated role as Chief Technology Officer. Having worked with Aung as Deputy CTO for over eight months, we have been impressed by his dedication, hard work, and accomplishments. We are confident in his technical leadership to drive ThitsaWorks’ for further evolution in the digital payment space”, commented Mr. Nyi Nyein Aye, CEO of ThitsaWorks. “I am excited to be appointed as Chief Technology Officer at ThitsaWorks, especially at this critical time of its expansion into new markets. I look forward to striving together with ThitsaWorks’ team to deliver innovative technology solutions to the needed communities”, commented Mr. Aung Thaw Aye, the new CTO of ThitsaWorks. About ThitsaWorks ThitsaWorks is a FinTech that provides digital payment and data analytics solutions for financial institutions to transact, collect, manage and analyze data needed to run effective operations and manage risks. ThitsaWorks’ data-driven solutions help financial institutions grow and make better credit decisions, and improve financial inclusion by providing users with access to financial literacy, financial information, and appropriate financial products. ThitsaWorks’ solutions include core banking software, a microfinance data-sharing platform, a digital financial literacy platform, and an interoperable payment switch platform. For more information about ThitsaWorks, visit https://www.thitsaworks.com.

Yangon, 9 November 2022 We are thrilled to announce that ThitsaWorks has launched an online learning platform called Money Management Academy (MMA). As a credible FinTech solutions provider with 71 partnered microfinance institutions (MFIs) in Myanmar, we are always looking for solutions how we can help our clients. One of the main focuses of our solutions is providing MFIs and their borrowers with access to Digital Financial Literacy (DFL). We have offered offline and online DFL trainings to microfinance institutions and their borrowers, reaching to 2,936 Loan Officers and 53,177 MFI clients. To do more, we are bringing Money Management Academy (MMA) to you, with a mission to power financial inclusion. MMA is an online learning platform for training MFI loan officers and people who work in financial sectors as well as existing and potential borrowers of MFIs. However, MMA is not limited to only MFI staffs but for everyone who is interested in finance. On MMA Platform, the following courses are available for now: Money Management 101 Digital and Financial Literacy: The Introduction Forecasting with Regression Analysis We are also uploading new courses which are trending for the industry. MMA is a partnership between the German Sparkassenstiftung for International Cooperation (DSIK), an organization that provides proactive support to financial institutions in developing and emerging economies to strengthen local and regional financial structures, and ThitsaWorks. MMA will serve as an accessible medium where MFIs can empower their staffs and provide effective and efficient trainings anytime anywhere for career and industry development. Happy learning! Interested? Visit our platform here: www.moneymanagement.academy Facebook Page: https://www.facebook.com/LearnGrowwithMMA If you have any inquiry, please contact: info@moneymanagement.academy

Hi peeps! ThitsaWorks Monthly Newsletter for January is out now. This month, we shared our activities and product and project updates. We have also included global fintech news and articles. Check out our newsletter here and don't forget to click the subscribe button: https://bit.ly/3N9WFNI