Yangon government yet to name start date of new bus payment despite tender winner selected

The service provider for the card payment system of Yangon’s buses has been selected. The regional government originally aimed to start the new service by February. But, four months after the target start date, the authorities have not named a date for the implementation of the cashless payment services. The Yangon regional government has chosen […]

Up to 70 per cent of vehicles used in Yangon are personal vehicles: Yangon Chief

Up to 70 per cent of vehicles running in Yangon are owned by individuals and is the largest contributor to traffic jams, said Yangon region chief minister Phyo Min Thein. “Only 30 percent of vehicles running in Yangon are used for public transportation. Upgrading the public transport system will reduce individual use of car in […]

Excel KC Myanmar disqualified from implementing Yangon Payment System for Yangon public transport system

Excel KC Myanmar will no longer be eligible to build and implement a card payments system covering public transportation, the Yangon Regional Government said on April 21. After discussing terms of the contract, the government said Excel KC Myanmar did not have the necessary qualifications to implement the Yangon Payment Services (YPS) system and that […]

YBS, YRTA and a new initiative to be accepted by the people

With the number of Yangon city-dwellers increasing by leaps and bounds, transportation became a problem for Yangon city commuters. It has been a big problem for many years. Due to poor management of the authorities concerned, the bus lines in Yangon had been a nuisance for commuters in the city. They had to always travel […]

Yangon set to launch card payment system for public transport

For the convenience of nearly 3 million commuters who use public transport on a daily basis, an international payment system will be launched in Myanmar’s commercial hub in the last week of April, Yangon Region Chief Minister Phyo Min Thein said on Friday. “We will launch YPS [Yangon Payment System] by April. We will make […]

Myanmar Payment Union Plans to Form Public Company

YANGON — Myanmar’s only card payment system, the Myanmar Payment Union (MPU), plans to become a public company before the end of this year, MPU general secretary Ye Min Oo said on Tuesday. Founded in 2011, MPU’s members include 18 local banks, three of which are state-owned. MPU set up the first ATM card payment […]