Prepaid mobile wallet provider Emida announced today that it has signed an agreement to provide prepaid services in Myanmar.

As a part of the agreement, the prepaid network has signed a Memorandum of Understanding with the following parties:

• Blue Ocean Operating Management (BOOM)
• Myanmar Technologies Investment Corporation (MTI)
• Oceanic Communications Ltd (OCL)

Emida is now operating in 37 countries scattered throughout the globe, supporting a network of more than 54,000 retailers and seeing annual payments of over $1.5 billion.

To learn more about Emida, watch its FinovateFall 2012 demo.