Financial Empowerment Through Technology
Who We Are
ZigWay is a fintech social enterprise based in Yangon, Myanmar.
To lift 20 million people out of poverty by 2030.
To help people break free from poverty, by harnessing the power of technology.
We help low income families and disadvantaged populations access the everyday goods and services they need, safely and affordably.
By putting money back into the pockets of our customers,
we give them the peace of mind that comes with financial freedom.
3.4 billion people live in poverty
For billions living in low-income communities around the world, an unexpected expense of a few dollars can be the difference between having enough to eat and going hungry. Our services are designed to help low-income families achieve financial security by targeting three key challenges:
Poverty places high mental stress
on people, impairing their
cognition and decision making. Distracted by their immediate situations, forward planning such as saving is not prioritised. Further, women are disproportionately
impacted by poverty.
Low income people waste up to two months of income every year because they pay more for basic necessities than the more affluent. For example, by not being able to afford buying in bulk, they pay 20% more for the same quantity of products.
Almost 200 million people globally rely on informal moneylenders. They pay interest rates as high as 1,800% per year, leading to debt traps that are impossible to escape. Formal lenders have traditionally found it difficult to cost effectively serve the poor.
How we change lives
~ Zin Mar San, Food Vendor ~