2C2P a leading Southeast Asian (SEA) payment services provider, and Myanmar Payment Union (MPU), the national payment network of the Republic of the Union of Myanmar, have launched Myanmar’s first electronic bill payment solution, easyBills according to a media release on 9 June.
2C2P and MPU are providing a non-cash payment option for prepaid phone top up, eliminating what was previously a cash-based, over the counter transaction. MPU consists of 21 local banks from the private and public sectors, which authorize the issuance and acceptance of all payment cards within the country. There are almost a million MPU cards in Myanmar, a number that is growing rapidly, in line with ongoing economic reforms. Using easyBills, MPU card holders can – for the first time – pay for mobile top ups.
Aung Kyaw Moe, CEO of 2C2P said, “Although e-commerce in Myanmar is at a nascent stage, with rapidly improving mobile penetration, a growing consumer middle class, and with improved logistical and financial infrastructure, the potential for e-commerce is tremendous. Launching easyBills continues 2C2P’s path to providing a robust payment infrastructure to support Myanmar’s growth.”
The initial rollout of easyBills enables mobile users to recharge and add value to their Myanmar Posts and Telecommunications (MPT), MECTel, Telenor and Ooredoo prepaid cards. By mid-June, easyBills will expand to include the payment of electricity and other utility bills with domestic utility partners.
Zaw Lin Htut, CEO of Myanmar Payment Union said, “This year has been crucial for the growth in Myanmar’s e-commerce. We have achieved a number of firsts, from bringing e-commerce to Myanmar in February, to bringing electronic billing in May. Mobile penetration in Myanmar has exploded from some five million a few months ago, to over 18 million current users. With mobile growth set to continue its upward trajectory, matched by rapid economic growth, we are pleased to be working with 2C2P, empowering the citizens of Myanmar with convenient and easy world-class payment solutions.”
“We take immense pride in building Myanmar’s e-commerce infrastructure, together with MPU, bringing electronic commerce to the country’s fifty million people,” added Aung.
Developed by 2C2P, easyBills is available online at easyBills.com.mm.