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 B on Competitive Edge
Rated B 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

Get referred to OnePay

See people who can refer or advise you

Simplify Jobs

Simplify's Take

What believers are saying

  • OnePay still charges 0.5% for MPU top-ups, proving active monetization.
  • TrueMoney's agent network gives OnePay cash-in access through 23,000 agents.
  • 2025 product pages show ongoing operations and fee tables, signaling continued app relevance.

What critics are saying

  • CBM tightened mobile-payment monitoring in September 2025, raising KYC, AML, and reporting burdens.
  • Myanmar's payments stack now centers on MyanmarPay MMQR, intensifying competition from banks.
  • Any AGD or banking-partner disruption would cripple settlements and could freeze OnePay entirely.

What makes OnePay unique

  • OnePay launched Myanmar's first interbank mobile transfer service in May 2020.
  • AGD Bank backs OnePay, giving it regulated rails across seven domestic banks.
  • OnePay combines wallet, bills, tickets, food, and merchant payments in one app.

Help us improve and share your feedback! Did you find this helpful?

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

-1%

1 year growth

-1%

2 year growth

0%

Recently Posted Jobs

Sign up to get curated job recommendations

OnePay is Hiring for 3 Jobs on Simplify!

Find jobs on Simplify and start your career today

Don't see your dream role? Check out thousands of other roles on Simplify. Browse all jobs →