Pyithu Hluttaw puts mobile payment motion on record

Pyithu Hluttaw is being convened in Nay Pyi Taw.  Photo: MNA
Pyithu Hluttaw is being convened in Nay Pyi Taw.  Photo: MNA

The Pyithu Hluttaw put a motion on record urging the union government to use a mobile payment system for the transaction of cash among government departments, following a debate between lawmakers and the Central Bank of Myanmar yesterday.
“Mobile banking is being used for small transactions, and the nature of mobile banking is not convenient to make large transactions,” said U Soe Thein, Deputy Governor of the Central Bank of Myanmar. “Much preparation must be made for transactions between government departments.”
The motion was tabled by U Sai Oo Kham of Hsenwi constituency urging the union government to use the mobile payment system for the ministerial departments, the public, business enterprises and other relevant sectors.
The motion was discussed by lawmakers U Tun Wai of Phaungpyin constituency, Daw Zin Mar Aung of Yankin constituency, U Aung Thike of Seikpyu constituency, U Bo Bo Oo of Sanchaung constituency and U Ohn Khin of Palaw constituency.
Lawmaker U Tun Wai of Phaungpyin Constituency said in his discussion that the mobile payment system is a basic necessity for a country, which is implementing an e-government system.
The mobile payment system can prevent waste of time and manpower in financial services, can help avoid crimes caused by using paper money and can help people in the rural areas, said U Tun Wai.
The Central Bank of Myanmar’s Deputy Governor U Soe Thein said it is found that the motion suggested to carry out payments between departments by the mobile system and to encourage the mobile payment by public, business enterprises and others, as it will be widely used by the public and business enterprises. The Central Bank of Myanmar has permitted two types of mobile payments. Banks were permitted to use mobile banking after announcing the mobile banking rules and regulations on 3 December 2013.
It can be said that as a system led by banks, anyone who wants to use the mobile payment system needs to have an account in a bank. On 30 March 2016, an announcement was made permitting individuals and entities to provide Mobile Financial Service (MFS).
MFS is provided by entities other than banks, and telecom companies are the first non-bank entities to provide this service.
There are nine banks providing mobile banking, and MFS is provided by Telenor and Ooredoo. MPT and Mytel had applied to provide MFS, and OK Dollar private business is also permitted to provide MFS.
“One of the difficulties of mobile banking is the requirement for the person making a transaction to have a bank account,” said U Soe Thein.
Bank branches are not present at all places and are yet to reach all rural areas, even though branches are present in most of the urban areas, he added.
“As the Central Bank of Myanmar can develop the mobile services by giving permission and adopting rules and regulations, the motion should be kept at a level of putting it on record only,” said U Soe Thein.
Pyithu Hluttaw Speaker U T Khun Myat announced to put the motion on record after seeking approval from the Hluttaw.—GNLM

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