Singapore-based app exits Myanmar development

Fincy, a Singapore-based currency exchange and payment application, is exiting a controversial development in Myanmar accused of facilitating illegal online gambling.

In an e-mailed statement yesterday, it said it was "pulling out of Yatai City following a series of press articles which alleged that it was being used to prevent law enforcement from tracking financial transactions in the city".

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A version of this article appeared in the print edition of The Straits Times on October 08, 2020, with the headline 'S'pore-based app exits Myanmar development'. Print Edition | Subscribe