Financial Services

Myanmar Financial Services

Since the political reforms of 2011, a number of significant steps towards liberalisation have been taken in the banking sector. The Central Bank of Myanmar has been given much needed autonomy and ATMs are now allowed in the country. Further aiding accessibility, mobile banking services have been introduced. New private banks are being set up and foreign banks have been granted licences to open branches. After years of stop-and-go liberalisation, a critical mass of changes has been instituted that promises to improve sector performance and greatly contribute to the development of the country. This chapter contains interviews with U Kyaw Kyaw Maung, Governor of the Central Bank of Myanmar; Linus Goh, Head of Global Commercial Banking and Executive Vice President, Oversea-Chinese Corporation; and Daw Chawsu, Head of International Banking, Kanbawza Bank; and a viewpoint from Brad Jones, CEO, Wave Money.

Previous chapter from this report:
Economy, from The Report: Myanmar 2016
First article from this chapter and report:
Myanmar financial institutions explore the market
Cover of The Report: Myanmar 2016

The Report

This chapter is from the Myanmar 2016 report. Explore other chapters from this report.

Interviews & Viewpoints

Sketch of Brad Jones, CEO, Wave Money
Brad Jones, CEO, Wave Money, on how mobile financial services can benefit the country: Viewpoint

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