Myanmar’s mobile payment app Beam Mobile Payment has been accused of selling fake mobile payments to customers in the country’s north-east, according to local media reports.
The company said that the allegation is false, according the Myanmar National News Agency (NNN), which is owned by the government-controlled Myanmar National Television (NNT).
The Myanmar National Telecommunications and Information Commission (MNITC) told the Associated Press (AP) that it “does not comment on internal investigations”.
Beam Mobile Payment is the largest mobile payment platform in the world.
The company said in a statement to the NNNN that it has never been involved in the sale of mobile payments in Myanmar, according Reuters.
The NNTC added that it will investigate Beam Mobile’s claims and take appropriate action against the company.
Beam Payments launched in Myanmar in September 2017.
According to the company’s website, it offers a variety of services including payment for groceries, car rentals and gas.
The US-based company, which also sells mobile phones in the UK, Australia, Japan and South Korea, said it was the largest player in the market in terms of its mobile payment services.
“Beam is the only mobile payment provider that offers mobile payment for both mobile and internet,” the company said.
Beams mobile payments, which are also used by Uber and Lyft, are offered by mobile phone providers and internet providers.
Beans mobile payments have been used by the country to fund infrastructure projects and by citizens to pay bills, according reports.
