29 January 2013
The report finds that Myanmar’s banking sector so far has found it commercially challenging to extend financial access to the poor. As a result, fewer than 20 people out of 100 have access to formal financial services, with most people relying on family savings or costly alternatives such as informal money lenders.
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English (54 pages)

From Our Blog

Human-centered design meeting for Wave Money Myanmar
18 October 2016
Myanmar has experienced remarkable growth in smartphone penetration compared to other frontier markets. A partnership between Wave Money, CGAP and Small Surfaces is leveraging human-centered design to build a digital finance app, seeking to capitalize on this opportunity to reach the unbanked.
22 April 2015
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For the first time, Myanmar was included in the Global Findex survey and analysis. Insights show that although usage of formal services also remains low, cash usage remains high.