HomeMMBIZ NewsOoredoo, MasterCard Partner to Bring Financial Education to Myanmar

Ooredoo, MasterCard Partner to Bring Financial Education to Myanmar

MasterCard will support the third Translate-a-thon in Myanmar, jointly organised by Ooredoo and Khan Academy Burmese Translation (KABT), to make more educational materials accessible to the Myanmar population. 

MasterCard has pledged $10,000 to help expedite translation of Khan Academy’s economic and finance videos into the Myanmar language, Ooredoo said in a statement.

Over 400 economic and finance videos in the Khan Academy library will be translated over the course of the next month. 

In the first phase, the translation will be done through the “MasterCard Intern Program” established in partnership with Ooredoo’s Ideabox. The remaining videos will be translated at Ooredoo and KABT’s third Translate-a-thon.

The Translate-a-thon is scheduled to be held on November 15 at Ooredoo’s offices in MICT Park. Volunteers from various organisations and communities will come together to translate Khan Academy videos, with finance and economic videos being prioritised.

Ross Cormack, CEO, Ooredoo Myanmar, said: “Myanmar people have a huge appetite for learning and we are committed to making education opportunities more accessible to the nation.  Financial literacy is critical to sustainable community development and to sustaining the incredible progress and development we have seen to date.”

In July, Ooredoo partnered with KABT to accelerate the dissemination of educational resources, including more than 6,000 videos on a wide range of subjects.

Ooredoo said it is also developing a mobile app to make it easier and more convenient to access these translated videos.

“Our research on financial literacy amongst youth in Asia Pacific shows that youths in Myanmar are lagging behind their peers in the region in money management, indicating that more education is required on this front,” Antonio Corro, country manager, Thailand & Myanmar, MasterCard, said.

“We believe that empowering and equipping young people with financial management knowledge and skills will benefit them, their families and communities in the long term,” he added.

The first two translate-a-thons saw 355 videos on subjects including math, science, computer programming, health, and finance, translated into the Myanmar language.

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