The Myanmar National Financial Switching System Myanmar Payment Union (MPU)

Organisation

Myanmar Payment Union (MPU)

Solutions

• Consulting and contributing to the construction and completion of the e-Government architecture, shared data warehouse architecture, digital transformation program, data strategy, etc.
• Building and deploying key platforms for the city’s e-Government: Ho Chi Minh City Local Government Service Platform (HCM LGSP), Data integration platform, Unstructured data storage platform, Data processing platform, etc.
• Building and deploying model information systems for the future District model: Digital District system for District 7, Binh Tan District…; Digital Citizen application; Specialized system of District 12, Nha Be Rural district, Binh Chanh Rural district, etc.
• Building the Center for COVID-19 Prevention and Control, Economic Recovery and Public Services in District 7, now the Intelligent Operations Center of District 7

Key Results

• The deployment of a national financial switching system will help Myanmar accelerate the process of evolving from its cash payment system to electronic payment solutions, and keep pace with financial technology developments with other countries in the region and the world
• For the first time: Myanmar people can transfer money between banks
• 90%: Cash transactions are transited to non-cash ones
• Connection Portal: The system connects banks, telecommunications companies, e-commerce and value-added services.
• Optimizing non-cash transactions: Outstanding services of the banking industry such as ATM services, Payment services on POS systems, e-commerce, value-added services on VAS mobile devices, EMV service cards, electronic bill payment services… are applied on the new platform of the electronic payment system.