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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 […]

Government support needed to develop digital payment habits in Myanmar

Government support is badly needed for the local digital payments sector to develop further, U Zaw Lin Htut, CEO of Myanmar Payment Union (MPU) told The Myanmar Times in a recent interview. Despite the MPU’s attempts to reduce cash dependency since 2012, local payments are still mainly settled via paper money. Even for payments for […]

Innoveller transforms bus industry, but faces payment, policy roadblocks

For Ko Kyaw Kyaw Win, co-founder of Innoveller Co Ltd, the opportunity to digitise and expand the Myanmar bus services industry was obvious. With hundreds of express buses departing across the country each day and no central platform to aggregate those routes, the solution to clearing up operator inefficiencies and passenger frustrations was clear. “There […]