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Myanmar

MM · MMR · 104Asia-PacificMMK K20 methods

Revised · 5 sources

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KBZPay leads Myanmar's digital payments, leveraging the country's largest private bank (KZ Bank) customer base to build a comprehensive digital wallet ecosystem.

~25M
online population
~26%
banked adults
<5%
credit card population
MixMethodsBehaviourBanksSourcesFacts

Payment mix

share of e-commerce spend
  • Cash55%
  • E-Wallet / Mobile Money35%
  • Card7%
  • Bank Transfer3%

Methods in use

top 8 of 20 · by spend
All 20 methods in Myanmar →

Checkout behaviour

Wave Money's agent network model has been pivotal for reaching unbanked rural populations.

MMQR, Myanmar's national QR payment standard, launched February 2025, connecting 12 major digital wallets and banks.

Facts
ISO 3166
MM · MMR · 104
Region
Asia-Pacific
Population
54M
Currency
MMK K
Banked adults
~26%
Methods live
20
Banks covered
5
Largest banks
Compare with
ChinaUnited StatesUnited KingdomJapan
Sources
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