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Ycdc partners with local mobile-payment systems

The Yangon City Development Committee (YCDC) teamed up with AYA Pay, KBZ Pay and CB Pay to build a YCB payment system enabling people to pay various bills through their applications.

The application will enable users to pay various bills such as land tax, property tax, general tax, and garbage bills which will save customers time and money from having to visit the YCDC office in person.

“Everything from water supply and sewage systems, to roads and housing development has to deal with Yangon City Development Committee. Thus, bill and tax payment methods play a critical role. I am sure people will start asking: ‘Why aren’t you improving the payment system and other services better since we have to pay for everything?’ This is why we have starting to implement an electronic payment system,” said U Phyo Min Thein, Chief Minister of Yangon.

The service will allow users to check their bill payment history and usage. This will allow them compare their bills from one month to another, with the hope of enabling the users to manage the expenditure more effectively.

“We are glad to provide our services for YCDC’s important sectors which need effective collection of bills. We will try our best to implement cashless payment in coming years,” said U Soe Ko Ko, KBZ Pay’s Head of Agent Banking.

YCDC’s bill collection process was not efficient because it relied on employees to deliver the thousands of bills from door to door, and then people had to pay the bills in person.

The hope is that the future payment system will make the entire process easier, and useful in the fight against corruption.

Source: Myanmar Business Today

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