CBM reviews loan rules, strengthens mobile payment monitoring

14 SEPTEMBER 2025

 

THE Central Bank of Myanmar (CBM), Yangon Branch, held a meeting yesterday afternoon to enhance the monitoring and verification of payments via mobile banking and digital payment platforms, and to establish loan rules, risk-weighted calculations, and specific compliance requirements.

 

At the meeting, the Governor of the CBM emphasized the need to obtain complete KYC information when onboarding mobile payment platforms, agents, and users/merchants for bank-account-based payments, to enhance transaction monitoring, and to pay special attention to online scams, fraud, and gambling, noting that the CBM has issued monitoring and compliance guidelines requiring banks, mobile financial service providers, and payment clearing service providers to monitor suspicious transactions, increase transaction reporting, and face administrative action for noncompliance.

 

Pay officials have been advised to increase awareness of points requiring scrutiny, while relevant banks, mobile financial service providers, and payment clearing businesses acting on behalf of sellers are urged to further monitor MMQR-related transactions, scrutinize agent and merchant categories, prevent online scams, fraud, and AML violations, ensure that mobile payments exceeding the specified limit are conducted through bank channels (Mobile Banking, CBM-NET, ACH), and carry out transactions in accordance with the objectives of mobile banking, payment platforms, and RTGS.

 

Officials from banks, mobile financial services, and merchant clearing services then presented their current status and plans.

 

The Governor of the CBM stated that the Bank will review the sectors driving the country’s economy and issue loans, extend only necessary regulations due to improved bank compliance, implement risk-percentage calculations with banks from the 2026–2027 financial year, and then adjourned the meeting. — MNA/TH