Cashless Pioneer: Myanmar Moves Towards A Cashless Society
What was once a 100% cash society a mere year ago, Myanmar is slowly moving towards a world beyond cash as they make their entry into the financial system. Within a year, Myanmar citizens have seen the launch of the first ATM, first debit payments card, and first international card acceptance. Here we speak to Mr. Pe Myint of CB Bank, which was the first bank in Myanmar to be licensed for the issuance and acceptance of MasterCard. We also speak to Ms Kyu Kyu Maw of Chatrium Hotel Royal Lake Yangon, which recently set up bank accounts for their staff for the ease of monthly salary payments.