Myanmar keyword: Digital payment

July 9, 2024

Myanmar is undergoing a digital transformation, significantly benefiting consumers and businesses through the growth of e-commerce and digital payment systems. This article examines the legal framework governing these areas, focusing on consumer protection, data privacy, and dispute resolution mechanisms. Myanmar has implemented several key laws to regulate the e-commerce sector and ensure consumer protection. The […]

April 23, 2021

Below is a brief summary of some of the recent directives and instructions issued by the Central Bank of Myanmar (“CBM”). Minimum Reserve Requirement for banks The CBM issued Directive 2/2021 on 16 February 2021 allowing banks to continue maintaining minimum reserve requirement at 3.5% (of the total MMK deposits made by customers) till 30 […]