Myanmar
Wallets reach where banking does not.
- Currency
- MMK
- Settlement
- T+0
- Methods
- 5
The market
KBZPay and Wave Money carry consumer payments in a market where bank penetration is limited. Both support movement in and out, which is what makes the market operable at all.
What we would tell you
Enter deliberately or not at all. Settlement structure should be resolved before a single transaction is processed.
- Population
- ~55 million
- Market shape
- Wallet-dominant
- Indicative
- Digital adoption
- Growing from a low base
- Indicative
Moving value out
Materially constrained
Collecting here is not the hard part. This rating describes repatriation.
Foreign exchange is tightly controlled and outward settlement is genuinely difficult. Treat this as a market you collect in, not one you move money out of easily.
Methods
5 local methods in Myanmar.
4 move money in both directions. 1 are collection only.
- KBZPayWalletin · out
- Wave MoneyWalletin · out
- AYA PayWalletin · out
- CB PayWalletin · out
- MPUDomestic cardin
Bar widths indicate approximate share of local online payment volume and are shown for ordering only.
Tell us where you need to get paid.
Four questions about your business and your markets. If we are a fit, a payments lead responds within one business day with the methods and indicative pricing for your corridors.
We work with licensed operators and incorporated businesses. Corporate email required. We do not publish a general enquiries address.
Elsewhere in Southeast Asia