OnePay

OnePay

Mobile wallet and cashless payments platform

Overview

OnePay is a Yangon fintech offering a unified digital wallet and lifestyle app for consumers and merchants in Myanmar. The wallet supports interbank transfers, mobile top-ups, utility payments, shopping, food orders, and travel bookings, and can be funded via AGD Bank accounts, other banks, Visa/Mastercard, or cash-in via TrueMoney agents. Registration only needs a smartphone and SIM card, so unbanked users can access digital payments without a bank account. Its goal is to grow a broad cashless payments ecosystem in Myanmar by increasing user adoption and merchant participation.

About OnePay

Simplify's Rating
Why OnePay is rated
C-
Rated C on Competitive Edge
Rated C on Growth Potential
Rated D+ on Differentiation

Industries

Consumer Software

Fintech

Financial Services

Company Size

51-200

Company Stage

Seed

Total Funding

$410K

Headquarters

Yangon, Myanmar

Founded

2019

People at OnePay

People at OnePay who can refer or advise you

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Simplify's Take

What believers are saying

  • Gold purchase feature launched enables direct pure gold buying through the app.
  • Credit card program with Synchrony and Mastercard will launch in fall 2025.
  • Stablecoin-powered payouts via Tempo partnership supports next-generation payment infrastructure.

What critics are saying

  • Poor customer service and unresolved disputes drive 50-70% user churn in 6-12 months.
  • Central Bank of Myanmar may impose stricter e-wallet compliance after fraud incidents.
  • Privacy and AI data exposure vulnerabilities create high regulatory and fraud risks.

What makes OnePay unique

  • OnePay is a Yangon-based fintech launched with AGD Bank support in 2019.
  • It offers Myanmar's first mobile interbank transfer service enabling wallet-to-bank fund movements.
  • The app unifies digital wallet, payments, and lifestyle services for unbanked users via smartphone.

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Funding

Total Funding

$410k

Below

Industry Average

Funded Over

1 Rounds

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.
Seed Funding Comparison
Below Average

Industry standards

$3.3M
$410k
OnePay
$1.5M
Slack
$2M
Netflix
$2.3M
Instacart
$3M
Robinhood

Benefits

Stock Options

Health Insurance

Disability Insurance

Life Insurance

Mental Health Support

Wellness Program

Hybrid Work Options

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Retirement Plan

401(k) Company Match

Remote Work Options

Flexible Work Hours

Growth & Insights

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%

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