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Myanmar consumers still lack wide awareness of cashless payment systems

Although more than 40 percent of Myanmar consumers expect to utilise cashless payment in the coming year, awareness of contactless and QR systems is still low, according to a recent study by Visa exploring Myanmar consumers’ perception, attitudes, and behaviours towards payment and new payment systems. The study surveyed 504 people across Yangon, Pathein, Mandalay […]

Transforming Myanmar’s food industry via digital solutions

In response to the growing cash flow in Myanmar’s food and beverage industry, Code2LAB Pte Ltd, a local technology company, has brought two innovative solutions to the market to help digitise the nation’s restaurant industry, according to Min Zeya Phyo, the firm’s founder and chief executive. In an exclusive interview with The Nation, he said […]

YBPC faces losses of K5 mln per day, YRTA pushes cashless payment

The Yangon Bus Public Company (YBPC) in incurring a loss of about K15,000 per bus per day on passenger fares, according to an internal report of the company, said U Hla Aung, the joint-secretary of the Yangon Region Transport Authority (YRTA). “The YBPC appointed staff to the buses to calculate the number of commuters per […]

AGD launches 3 types of visa credit card

AGD Bank successfully held its AGD Visa Credit Card Launch at Pullman Yangon Centrepoint on August and three types of AGD Visa Credit Card – Visa Classic Card, Visa Gold Card and Visa Platinum Card – have been introduced to the public. Being recognised as a leading bank using digital technologies in Myanmar, AGD Bank […]

Majority of Myanmar People Want Access to Banking and Cashless Payment Methods

YANGON — The majority of people in Myanmar want access to banking services and cashless payment methods, such as credit and ATM cards, mobile payments, contactless payments and payment via QR codes, according to Visa’s Financial Education for Sustainable Growth Study. The Study, conducted recently in Myanmar by global payments technology company Visa, is part […]