"The move will enable Advans borrowers to pay back their loans more quickly and easily with a mobile app or with an QR Card at any Ongo agent, the company said in a press statement. Advans Myanmar started lending operations in April 2017 and serves over 44,000 clients with a loan portfolio of over K18 billion at the end of June. The MFI offers village banking to clients in rural areas as well as small group lending products and individual loans in urban areas. Advans aims to promote inclusive economic growth in Myanmar by building the financial stability of families, small businesses and farmers. Digital payment systems can ease the livelihoods of people who depend on finance services for their commercial growth and operations owing to the rising mobile internet penetrate rate, the company added. “Borrowers in rural areas often face logistical and access challenges, and Ongo provides an easy way for communities, including those in Mandalay and Sagaing where Advans operates, to pay back their loans without having to leave their own homes or business premises,” said Ongo CEO Allen Gilstrap..."