Use of Myanmar Mobile Money increases among pensioners

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The number of pensioners using Myanmar Mobile Money service to withdraw their pensions has increased, said an official from the service company.

Using Myanmar Mobile Money enables people who contact with banks to avoid carrying cash as well as access to mobile financial services- deposit, withdrawal, remittance transfer and remittance withdrawal over the counter service and buying phone bill. From Myanmar Economic Bank or MMM’s external agents, pensions can be withdrawn easily by submitting application forms to banks.

“No need to go anywhere, just need to apply a form, we send SMS to client’s phone, then clients can withdraw pension from our agents across the country. We send it on the 21st of the month. We send SMS to client’s SIM card so no matter your phone is a keypad or an iPhone, you can get the message and withdraw by showing it to the agent. This service is very helpful for the elderly and those in poor health. Your phone is your bank,” said the official.

Including Nay Pyi Taw Council area, Yangon Region and Mandalay Region, pensioners across the country have widely used the service to withdraw their pensions, and there are more than 12,000 MMM subscribers nationwide.

“Withdrawing from agents is 100 percent safe. We send SMS to their mobile SIMs, so there is no risk of being hacked,” he said.

Thit Taw/ZS



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