Central Bank of Myanmar Performs Measures to Accelerate Digital Payment System in State

The Central Bank of Myanmar is endeavouring to improve payment service providers’ platforms providing digital transaction services across the country, secure the digital payment system and reduce the use of cash among people.

Moreover, the CBM issues merchant acquiring service licenses so that banks can process payments from customers on behalf of merchants using digital system. To meet the goals and objectives of the National Payment Strategy (2020-2025), National Payment System Governing Committee comprising the CBM and other ministries concerned has been formed and coordination matters are being undertaken.

     Source: MWD (20-7-2023)

 

  • The CBM is endeavouring to improve payment service providers’ platforms providing digital transaction services across the country, secure the digital payment system and reduce the use of cash among people.
engdate: 
Thursday, July 20, 2023 - 12:45
month: 
July, 2023