MyanmarPay

National Payment System Strategy

Have a modern, safe and efficient system for large value and time-critical payment that complies with international standards and good practices

Improve operational security and resilience of CBM-NET

Establish efficent and interoperable retail payment systems offering a wide range of payment instruments

Strengthen the management of risks in retail payment system

Have sound systems and regulatory framework for safekeeping, clearing and settlement of securities

Develop the infrastructure supporting interbank money markets

Improve systems and management of settlement risks in FX market transactions

Have a comprehensive and sound legal and regulatory framework for payments

Establish an effective oversight of the national Payment System

Implement international standards for the overseen systems

Establish efficient cooperative arrangements among authorities and with the payments industry

Increase the usages of electronic payments instruments

Promote standardization and interoperability

Promote Financial Inclusions

5 Increase awareness of the popilation of Myanmar on the usage of cashless payment instruments

Migrate all government payments to the extent possible to electronic payment instruments

Improve transparency and consumer portection in the international remittance services

Improve effciency in international remittance services