Developing Scalable and Transparent Benefit Payment Systems in Myanmar

Similar to other low-income countries, in Myanmar social protection benefits are usually provided through direct cash or food distribution. With the rapid development of the financial and telecommunications market in the country, there is the poten...

Full description

Bibliographic Details
Main Author:	Stokkel, Inge
Format:	Report
Language:	English en_US
Published:	World Bank, Washington, DC 2015
Subjects:	INDIVIDUAL ACCOUNTS WITHDRAWAL DEPOSIT FINANCIAL SERVICES ELECTRONIC TRANSFERS LIABILITY ACCOUNTING DEPOSITS DELIVERY MECHANISMS LOCAL BANK PAYMENT SERVICE LUMP SUMS INFORMATION TECHNOLOGY INCOME FINANCIAL LITERACY WORTH SUPPLIES SPENDING BANKING SYSTEM PURCHASES PAYMENT SYSTEM COST-EFFECTIVENESS INFORMATION LIQUIDITY BANK ACCOUNT HEALTH INSURANCE WELFARE ATM CARD SALARIES OWNERSHIP CASH TRANSFER PAYMENTS SOCIAL ASSISTANCE SAVING BENEFICIARIES INFLATION STATE BANK PENSION CASH WITHDRAWALS SAFETY NETS BUDGET ELECTRONIC BENEFIT LITERACY WITHDRAWALS RAPID DEVELOPMENT COST EFFECTIVENESS BENEFICIARY LOCAL BANKS TRAINING WAGE ELECTRONIC PAYMENT SYSTEM MONEY ELECTRONIC PAYMENT SYSTEMS CASH PAYMENT PAYMENT FINANCIAL INSTITUTIONS SOCIAL SECURITY CONTRIBUTIONS FINANCIAL REGULATIONS SCHOLARSHIP FINANCIAL LITERACY TRAINING SERVICE PROVIDER SMART CARDS SOCIAL SECURITY SOCIAL PROTECTION BIOMETRICS LOANS ELECTRONIC PAYMENTS CASH TRANSFERS FINANCIAL SYSTEM FINANCIAL ACCOUNTS DEBIT CARDS FINANCE ADMINISTRATIVE COSTS FINANCIAL TOOL BANKS TRANSACTIONS THEFT OF MONEY EQUITY TRANSACTION MARKET ANALYSIS REGULATORY FRAMEWORKS FRAUD PAYMENT MECHANISMS EXPENSES FINANCIAL TRANSACTIONS INAPPROPRIATE USE CASH PAYMENTS BANK PURCHASING POWER CONTRIBUTIONS DEMAND FINANCIAL ASPECTS SAFETY NET SAVING MONEY CONSUMERS FINANCIAL ACCOUNT FINANCIAL SERVICE PROVIDERS SALE LOCAL MARKETS SECURITY RISKS LOW-INCOME PAYMENT MECHANISM DRUG USE FINANCIAL SERVICE FINGERPRINTS SOCIAL WELFARE BANK ACCOUNTS FINANCIAL INFRASTRUCTURE INSURANCE SECURITY INCIDENT ECONOMIC DEVELOPMENT BANK CARD PURCHASE SECURITY ECONOMIES OF SCALE FINANCIAL SERVICES PROVIDERS EDUCATION BANK BRANCH ATMS ATM ID ELECTRONIC PAYMENT SOCIAL SECURITY PAYMENTS PENSIONERS ID CARDS SUPPLY SOCIAL SECURITY NUMBER MOBILE PHONES ELECTRONIC FINANCIAL TRANSACTIONS INVESTMENTS RISK MANAGEMENT DEBIT CARD CHECK RAPID GROWTH AMOUNT OF MONEY LOW COST COMMODITIES BANK BRANCHES PAYMENT SYSTEMS FINANCIAL SECTOR COMMODITY HOUSEHOLD EXPENDITURE IDENTIFICATION MOBILE BANKING CASH FLOW SERVICE PROVIDERS INVESTING
Online Access:	http://documents.worldbank.org/curated/en/2015/07/24764933/developing-scalable-transparent-benefit-payment-systems-myanmar http://hdl.handle.net/10986/22330

Description
Summary:	Similar to other low-income countries, in Myanmar social protection benefits are usually provided through direct cash or food distribution. With the rapid development of the financial and telecommunications market in the country, there is the potential for a gradual transition to electronic payment systems for current and future social protection transfers, once adequate legal and regulatory frameworks are in place. This will make the delivery of payments cheaper, quicker, safer, and more transparent. In addition, increasing the connectivity of the people of Myanmar, especially the poor and vulnerable, to financial services will not only accelerate povertyreduction but also promote inclusive economic growth.

Developing Scalable and Transparent Benefit Payment Systems in Myanmar

Similar Items