The Era Of Mobile Shopping Is Becoming Popular In Burma After The Era Of Big Bag Shopping.

< p > > a href= "http://? Www.sjfzxm.com/news/index_p.asp" > Burma < /a > currency is small, 1 yuan can be exchanged for 150 yuan Burmese coin, get heavy in hand.

In the streets and alleys of Burma, people can often see shopping with large bundles of Burmese money. If a person wants to buy large appliances such as refrigerators, he may have to pay a large sum of money to buy them.

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With the popularity of mobile phones in Burma, the Bank of Burma has taken the opportunity to launch a mobile banking service to encourage people to use electronic money.

In this way, Burma can save a lot of money in printing and pportation costs, and it may also pave the way for the future development of e-commerce.

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< p > recent reports show that in Burma, some financial institutions such as Co-operative, Ayeyarwady and Innwa and Myawaddy have officially launched a href= "http:// www.sjfzxm.com/news/index_c.asp" this year.

Senior officials of the Central Bank of Burma expressed their approval of the move and said other banks should popularize the business.

It is reported that the regulation governing mobile banking business was passed in 2013 last year, with the aim of enabling banks who did not accept the banking business to set up banking business to expand their influence.

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< p > at present, mobile banking is still in its infancy in Burma.

However, many people in the industry are optimistic about the prospects of the business and think that their market potential is huge.

In the future, the popularity of this business will enable most people to use mobile phones to pfer accounts, pay, inquire balances and other businesses, and reduce the number of bank branches that rely on traditional mode of operation.

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< p > according to the official of Burma, at present, the law stipulates that only banks can carry out this business. Other types of enterprises can not operate this business, because only such regulations will not bring financial losses to customers.

Banks must obtain special examination and approval before launching electronic banking and service products.

In addition, banks will take corresponding risk management measures to reduce risks.

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The introduction of < p > a href= "http:// www.sjfzxm.com/news/index_c.asp" > electronic banking business < /a > can also reduce the amount of money printed and make money circulation faster.

Co-operative Bank launched its e-banking business earlier this month. The vice president of the bank said: "our bank is facing enormous logistics challenges because it has to put billions of Burmese dollars into 200 cash machines every week (1 yuan or 150 yuan).

It is hoped that Burma's network service system and information technology will be improved as soon as possible so that our currency delivery pressure will be reduced a lot. "

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< p > the industry in Burma is very confident that in the past, some countries had to realize most pactions electronically (that is, 80% of pactions were completed through network remittances, and only 20% of pactions were completed in cash). It took about thirty years, and Burma should be able to complete the construction in less time.

Despite the fact that only 526 thousand people in Burma have ATM cards, the proportion of automatic card holders and bank cards accounts for only about 1% of the total population.

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