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Happy New Year to you all! From this new beginning, I wish everyone good health and success throughout 2023. 2022 was a year full of challenges and opportunities for ThitsaWorks. Our sincere gratitude goes to our customers, partners, supporters, funders, shareholders, and Board of Directors for the trust, financial support, partnership, and guidance to continue providing our services and building products to improve financial inclusion for vulnerable communities. We will keep our commitments to make positive progress toward achieving financial inclusion in the country. I am grateful to ThitsaWorks Team for their sacrifices, commitment, and determination. I am proud to be a part of the team that coped with the unprecedented challenges and was resilient amid the chaos. I sincerely appreciate the hard work and dedication of our team members. Their efforts make it possible to be where we are today. Despite massive difficulties, we achieved remarkable milestones thanks to the team members' resilience. In 2023, we look forward to strengthening our partnerships and initiatives to deliver the best solutions to the communities that need our services the most. Together, we are confident to take progressive steps in powering financial inclusion using data and technology. I wish you and your loved ones a happy and prosperous 2023! Warmest regards, Nyi Nyein Aye Chief Executive Officer ThitsaWorks Pte. Ltd.

Singapore, 14th December 2022 The ThitsaWorks team is delighted to welcome Ms. Jana Chmelnizki Kadian as Senior Advisor on the Advisory Board of ThitsaWorks. Ms. Kadian is a Development Finance Executive with extensive experience leading regulated MFIs and banks in frontier economies. Previously, she has held positions as Chief Executive Officer of ADVANS Myanmar, both FINCA Tajikistan and FINCA Malawi, as Chief Operation Officer of FINCA Kyrgyzstan and as Deputy Regional Director for Operations for FINCA Latin America. In these roles, she has implemented resilient and adaptive corporate cultures, robust procedures, effective staff development programs, competitive product offerings, essential IS infrastructures, and the effective digitalization of operational processes. “We are thrilled to have Ms. Kadian join our Advisory Board. Her experience, passion, and guidance will be a great support to ThitsaWorks in implementing our overarching strategic priorities in improving financial inclusion using data and technology,” said Mr. Nyi Nyein Aye, Chief Executive Officer of ThitsaWorks. “I am very excited to join the team, it’s a unique opportunity to work with creative people on holistic ways how to place data and technology in service of financial inclusion and beyond.” shared Ms. Jana Chmelnizki Kadian, a new member of the ThitsaWorks Advisory Board. The Advisory Board of ThitsaWorks was formed with individuals who have a wealth of experience as well as a high reputation in the FinTech and related industries. The role of the advisory board members is to provide strategic guidance on the company’s goals and insights on major decisions that will impact the future development of the company. Their advice will emphasize creating the company’s long-term values and sustainable growth strategies that go beyond the short-term prospects. For further information regarding this press release, please contact media@thitsaworks.com. 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.

Hi peeps! ThitsaWorks Monthly Newsletter for December 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

Hi peeps! ThitsaWorks Monthly Newsletter for November 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

Singapore, 4 November 2022 ThitsaWorks, in partnership with INFITX (previously ModusBox) and Visa, was awarded the Monetary Authority of Singapore’s Financial Sector Technology and Innovation (FSTI) Proof of Concept (POC) grant on 29-June-2022. The FSTI POC grant supports the experimentation, development, and dissemination of nascent innovative technologies in the financial services sector. While many remittance options exist for overseas migrant workers in Singapore, options to reach rural areas where many workers’ families live are complicated, expensive, and slow. Additionally, friends and family who only have accounts with MFIs and rural banks cannot receive direct payments. Together with Rapyd and Lucy, ThitsaWorks, INFITX, and Visa have introduced the Inclusive Cross-Border Remittances Project to make remittances for Singapore-to-Philippines corridor more affordable and efficient. The project aims to connect small financial institutions to real-time payment networks to enable fast, convenient, and ubiquitous cross-border remittances. Our solution couples an inclusive RTP network, which creates the foundation for faster payments, with an alias resolution service to facilitate transmission. In this regard, ThitsaWorks, INFITX, and Visa have started a proof-of-concept for a Visa Direct-Mojaloop solution connected to MFIs and rural banks on a new inclusive subnational network: i2i (by UBX) in the Philippines. The POC is initially established between Singapore and the Philippines but is replicable to any receiving country with an RTP network and open banking frameworks. Mr. Nyi Nyein Aye, CEO and Co-founder of ThitsaWorks, said, "We are happy to be a part of the Inclusive Cross-Border Remittance Project which will make remittance cheaper and faster for the Singapore-to-Philippines corridor. I believe this project will positively affect the remittance challenges that many overseas migrant workers in Singapore undergo, which we witness daily. Our ThitsaWorks team is also very excited to work closely with prominent financial industry participants and learn from each other." Mr. Steve Haley, Director of Market Development and Partnerships from the Mojaloop Foundation, stated, "The Mojaloop Foundation is thrilled to join the Cross-Border Remittance Project. The potential of emerging economies to innovate and deploy efficient, interoperable domestic and cross-border applications shapes our mission to enhance financial inclusion worldwide. We believe this project will significantly impact achieving the goal we share with our partner organizations." Dr. Warren D. Carew, Managing Director of INFITX, stated, "We are excited to be the project's technical partner. We will focus on connecting small financial institutions to real-time payment networks to make cross-border remittances for the Singapore-to-Philippines corridor more efficient and comfortable.” Mr. Deepan Dagur, Vice President and Head of Visa Direct, Asia Pacific at Visa, commented, "Remittance is an essential financial service to the migrant community in Singapore to enable workers to stay connected to their families back home. Visa’s partnership with ThitsaWorks and regional client financial organisations will enable us to provide a convenient and secure option for migrant workers to easily send money to the Philippines.” Ms. Debbie Watkins, CEO and Co-founder of Lucy Holdings Pte. Ltd., added, "We are thrilled to collaborate with the industry-leading financial services for the Cross-Border Remittance Project. As the project steering committee, we will contribute to the project by incorporating user feedback into design discussions, and we are excited to witness the project’s impact." Mr. John Januszczak, President and CEO of UBX shared, “This is the big step forward to enable fast, convenient, and ubiquitous cross-border remittances for the benefits of the Filipino migrant workers in Singapore. I am confident that this partnership will also accelerate financial inclusion in the Philippines by giving clients across all regions of the archipelago - regardless of how rural or remote - access to secure and connected payments through any financial service provider including rural banks, cooperatives and other community based financial institutions. We see this as making a material impact on the ability for all Filipinos to participate in the digital economy.” For further information, please contact at media@thitsaworks.com. ---- 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, microfinance data sharing platform, digital financial literacy platform, and interoperable payment switch platform. For more information about ThitsaWorks, visit https://www.thitsaworks.com. About the Mojaloop Foundation: The Mojaloop Foundation’s mission is to increase financial inclusion by empowering organizations to create interoperable payment systems to enable digital financial services for all. Sponsor-level members include Coil, the Bill & Melinda Gates Foundation, Google, MAS, INFITX (previously ModusBox), Ripple, and The Rockefeller Foundation. To achieve its mission, Mojaloop Foundation operates as a 501(c)(3) charitable nonprofit organisation, maintaining its free, open-source software, Mojaloop, and community as public goods in the service of financial inclusion. Merchants, banks, providers, government offices, and other entities looking to build inclusive payments platforms can use Mojaloop – whole, adapted, or as a real-time payments reference model. For more information about the Mojaloop Foundation, visit https://mojaloop.io/. About INFITX: INFITX (Inclusive Financial Technology eXperts) delivers fast and low-cost deployments of effective Instant and Inclusive Payment Systems (IIPS) and real-time payment (RTP) solutions. We support Financial Services Providers (FSP) and FinTechs in participating in the Payment Schemes with easy onboarding and optimised participation - the keys to the Scheme providing successful interoperability. INFITX holds a leading role as one of the founding members of the open-source community that maintains Mojaloop - the first open-source platform for interoperability in a real-time payment network. As a participant in this community, we contribute to the core solution and development of adjacent capabilities. Through capacity building and technical assistance programmes, INFITX empowers government, industry, and commercial organisations to create schemes that realise IIPS/RTP hubs and support FSPs and FinTechs that participate in them. We have expertise in scheme creation, hub business operations, and technical operations for self-hosted or cloud-based solutions. We support hub operators with services and solutions that de-risk the journey of adopting OSS solutions, like Mojaloop, and ensure a dependable and supported service. And, following best practices, we provide support for FSPs and FinTechs, as 3rd Party Payment Initiators, to optimise their participation in instant payment systems. Learn more: https://infitx.com About LUCY: Lucy is a digital neobank and integrated empowering community toolkit that helps entrepreneurial women become unstoppable by leveling the financial playing field. Lucy has been designed from the ground up to provide entrepreneurial women everywhere with the tools they need to take control of their financial future, realize their potential, grow and thrive. We equip them with the financial services, business-building tools, and belief in their capabilities and potential that they need to take control of their future and make a positive contribution to their growth and, through that, to the economy's growth as a whole. Our solution is entirely virtual and app-based and leverages cutting-edge technology to enable streamlined digital delivery, a customer-centric product portfolio, and a clean and intuitive user interface. For more information about LUCY, visit: https://welucy.com/ About UBX: Originally the financial technology venture studio and fund of UnionBank of the Philippines, UBX is now the Philippines' leading Open Finance platform. UBX is predicated on a future where financial services are invisible: seamlessly embedded into the experiences and activities that truly matter to businesses and people. For more information about UBX, visit https://www.ubx.ph/

The Mojaloop PI-20 OSS Community Meeting was successfully held from 25-28 October 2022 in Zanzibar, Tanzania. The event included business & technical sessions, workstream workshops, collaboration, and networking activities. It was a great opportunity for the participants to gain insight into Mojaloop technology and its Level One design principle, implementation of Inclusive Instant Payment Systems, and Cross-border Payments as well as learn about the Community Updates. ThitsaWorks Team had a great time participating in the convening by sharing our experiences and lessons learned from our projects, exchanging our ideas, and networking in the community striving to increase financial inclusion. ThitsaWorks' CEO, together with the Head of INFITX, at the Panel Discussion on "Visa Direct-Mojaloop Cross Border Remittance Proof-of-Concept". ThitsaWorks' Deputy CTO explained the Technical Components of Cross-Border Remittance. ThitsaWorks' CTO and Deputy CTO presented the updates from the WynePay deployment in Myanmar. Participated in a special outing called "Walk the Loop" to explore Tanzanian Instant Payments in Action. CEO of ThitsaWorks and the Technology Lead of The Interledger Foundation announced that ThitsaWorks won the ILP-Based Financial Services Research and Development Grant. Our team at Mojaloop PI-20 OSS Community Meeting. For more information about Mojaloop PI-20 OSS Community Meeting, please see: Mojaloop PI-20 OSS Community Meeting For regular updates about Mojaloop activities, please check: Discourse Community

The ThitsaWorks team led by CEO Mr. Nyi Nyein Aye, CTO Ms. Thynn Win, and DCTO Mr. Aung Thaw Aye participated in DFS Lab Mojaloop PISP Virtual Bootcamp, which was successfully conducted on September 27-30, 2022. It was an intensive workshop with the participation of 10 startups around the world. The activities were based on the Design Sprint Methodology and a process of structured brainstorming for answering critical business questions. The participating startups had a chance to design, prototype, and test ideas alongside top industry mentors and ultimately, build capacity and expertise in implementing Payment Initiation Service Providers (PISPs) using the Mojaloop platform. The Bootcamp was also a great opportunity for the Payments Initiation Service Providers (PISPs) and financial institutions that are interested in building partnerships through third-party payment initiation (3PPI) to have an in-depth look at Mojaloop, build solutions in collaboration with the Mojaloop platform developers, and prototype products and features on the Mojaloop stack. On Day 1 of the Bootcamp, with a focus on defining the problem and exploring solutions, the teams were first introduced to the concept of Design Sprints. And then, each team came up with a problem statement and started exploring solutions using sketches. Day 2 emphasis was finding solutions based on the best chance of achieving their long-term goal and then a step-by-step plan for their prototype was set up. On the last day, the teams built the prototypes for their solutions and prepared for the Demo session of their solutions. On Demo Day, ThitsaWorks team presented a prototype of our financial literacy mobile app called Re21. As we aim to empower users to manage their finances effectively through digital financial tools, our solution focused on saving with ease and low cost, motivating them to save with goals, helping to create a habit and being an application that can interact with all Digital Financial Service Providers (DFSPs). It was indeed an excellent opportunity for us for having a chance to actively participate in the Bootcamp together with the other participating startups as well as explore the next-generation payment features with a focus on third-party-payment initiation using Mojaloop technology. We are confident to contribute the experience gained from this Bootcamp to solving the critical business problem that we are facing in Myanmar as well as for the good of our ecosystem. Learn more about Mojaloop Foundation: https://mojaloop.io/ Learn more about DFS Lab: https://dfslab.net/

Hi peeps! ThitsaWorks Monthly Newsletter for October 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

Since December 2021,ThitsaWorks has been providing Digital Financial Literacy (DFL) training program for microfinance institutions and their existing borrowers, with the objective of increasing awareness of safety and security in using digital technology for financial transactions. ThitsaWorks will strengthen its organizational capacity by building a disability-inclusive Digital Financial Literacy (DFL) training program with its partner organization, Shwe Minn Tha Foundation (Myanmar) which is working for the comprehensive development of persons with disabilities throughout Myanmar. ThitsaWorks is working closely with Shwe Minn Tha Foundation (Myanmar) to develop disability- inclusive DFL training curriculum and produce trainers who are able to deliver training to people in the vulnerable communities. The curriculum of the training is adapted to the needs of persons with disabilities. This program is dedicated to the training of trainers who are serving the marginalized communities. With the network of trainers, there will be a multiplication of knowledge as the number of DFL recipients grows and becomes a benchmark in establishing a healthy ecosystem of financial inclusion. Through this collaboration, Shwe Minn Tha Foundation (Myanmar) and ThitsaWorks strive to enhance access to financial services for individuals with disabilities. U Myat Thu Winn, Founder of Shwe Minn Tha Foundation (Myanmar), commented that “This project is a great initiative for the community of persons with disabilities to participate in the inclusive society. With this partnership, we hope to increase access to financial services for the community, and to empower them to lead independent and productive lives.” U Nyi Nyein Aye, CEO of ThitsaWorks, added that "Our core value at ThitsaWorks is based on our belief in Financial Inclusion. We believe that this collaboration could expand the accessibility of Digital Financial Literacy to persons with disabilities and underserved groups in Myanmar so that we can move towards100% financial inclusion.” About Shwe Minn Tha Foundation (Myanmar) Shwe Minn Tha Foundation (Myanmar) is a non-profit organization, established with the aim of the comprehensive development of Persons with Disabilities (PWDs)throughout Myanmar. It was founded by U Myat Thu Winn, a person with a disability, since 2008. Shwe Minn Tha Foundation (Myanmar) is dedicated to create an inclusive society by helping Persons with Disabilities to be self-reliant and self-fulfilled as individuals and play a constructive role in society. Visit Shwe Minn Tha Foundation (Myanmar)at: Shwe Minn Tha Foundation(Myanmar) | Facebook About ThitsaWorks Founded in 2016, ThitsaWorks provides financial technology solutions for Microfinance and non-bank financial institutions to run effective operations. ThitsaWorks helps financial institutions manage and minimize risks, attracting more customers and powering financial inclusion in the country. ThitsaWorks has partnerships with 70 financial institutions in Myanmar that currently serve over 3 million active clients, making it the most significant technology solution provider for microfinance institutions in Myanmar. Visit ThitsaWorks at: https://www.thitsaworks.com. For more information, please contact info@thitsaworks.com.

We are proud to share the press release of German Sparkassenstiftung (DSIK) about our project Money Management Academy (MMA), an online learning platform developed in partnership with DSIK. Together with ThitsaWorks, our long-term partner in Myanmar, the German Sparkassenstiftung (DSIK) has developed an online learning platform, the Money Management Academy (MMA). The online platform MMA is developed by ThitsaWorks with the support of DSIK, aiming to target anyone who is interested in learning how to manage their finances. Unlike other platforms, MMA has a strong focus on financial education. It is also a helpful tool for our goal: making financial knowledge the most accessible possible - anywhere, anytime. What could be more natural than an online learning platform, especially in this digital world? Money Management Academy is thus built up for financial training courses and is still on the way of developing content. Therefore, potential partners who are financial course providers, institutions, or education organizations and individuals are welcome. At the moment, the first courses have become available: “Money Management 101”. This course is the result of the partnership between DSIK and Thitsawork, of which DSIK plays role as content creator and consulting. This course is available in 3 languages, English, Vietnamese and Burmese. The course “Digital and Financial Literacy: The Introduction” was developed by ThitsaWorks as they are experts in the digital field. By learning proper financial behaviors and planning, people become empowered and more financially resilient. ThitsaWorks and DSIK set high standards when it comes to delivering content that is meaningful and useful in daily life. The idea is making all financial and digital literacy courses available in multiple languages, and more courses are on the way to come. You can sign up and try it out in this link. By making this online platform available, we hope to support professional development in the financial sector. Many Institutions are looking to scale up their training. However, they often face challenges when face-to-face training is not cost-effective, and scalability is usually limited. Meanwhile, setting up an online learning platform is also costly and may not be feasible for individual organizations. Money Management Academy helps overcome these challenges by allowing institutions to upload their training to MMA. If face-to-face training needs to be converted to online format affordably, ThitsaWorks can also provide support for the efficient delivery of your courses to a wider audience. MMA will serve as a learning hub for the financial training courses upskilling the capacity of every individual in the industry. You can find more information about the platform in the website: Money Management Academy Source: German Sparkassenstiftung ASIA https://sparkassenstiftung-asia.org/press/default-title?tx_news_pi1%5Baction%5D=detail&tx_news_pi1%5Bcontroller%5D=News&tx_news_pi1%5Bnews%5D=1039&cHash=1b5a02640c25eb54ab2b5efb89adfe7f

We are thrilled to share a press release issued by German Sparkassenstiftung (DSIK) about our collaboration for developing a mobile budget planner, Re21. ThitsaWorks is a long-term partner of the German Sparkassenstiftung in Myanmar. ThitsaWorks and DSIK have been working together successfully for years in the area of financial literacy - especially in relation to World Savings Day. In this context, DSIK, together with ThitsaWorks, developed a mobile app that allows users to better manage their financial resources and keep track of them. This is the idea behind the newly launched app, “Re21”. The app is finally introduced as a result of successful collaboration between the teams. ThitsaWorks was in charge of technical-related development, while German Sparkassenstiftung contributed expertise and collaboration support. Based on the well-known 21/90 rule, Re21 is more than an ordinary budget planner. It acts as a financial coach who helps people form better financial habits so that they can have better financial resilience, stick to their budget and reach their financial goals. Re21 users can track spending habits, plan how much to spend each month, and set saving goals. They can also use the coach feature to enhance their digital financial literacy by following the 21-day challenges. The App also provides information regarding the branch offices of financial institutions. For both ThitsaWorks and DSIK, the motivation for developing the app was to help users become more resilient - especially in difficult economic times. Re21 can be extended to integrate with other digital financial systems enabling cutting-edge solutions to be built within the app, such as enabling microfinance institutions to acquire new clients digitally. Re21 was launched in the first half of 2022. The use of the app is currently limited to Myanmar. The App now supports English and Burmese languages, with more languages to come in the future. For more information, please refer to the official website of the Re21. Video introduction of Re21 can be found in this link (Burmese) Source: German Sparkassenstiftung ASIA https://sparkassenstiftung-asia.org/press/default-title?tx_news_pi1%5Baction%5D=detail&tx_news_pi1%5Bcontroller%5D=News&tx_news_pi1%5Bnews%5D=1037&cHash=445dcd996121ef463239c4a3b57f087e

Hi peeps! ThitsaWorks Monthly Newsletter for September 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