MMQR (Myanmar Quick Response), branded MyanmarPay, is the national standardised
QR code payment system in
Myanmar
Myanmar, officially the Republic of the Union of Myanmar; and also referred to as Burma (the official English name until 1989), is a country in northwest Southeast Asia. It is the largest country by area in Mainland Southeast Asia and has ...
. Introduced by the
Central Bank of Myanmar
The Central Bank of Myanmar
(; ; abbreviated CBM) is the central bank of Myanmar (formerly Burma).
Organisation
Its headquarter is located in Nay Pyi Taw, and has branches in Yangon and Mandalay.
History
The Central Bank of Myanmar was ...
(CBM), MMQR aims to unify and streamline the country's digital payment landscape, and to reduce reliance on cash transactions.
It facilitates interoperability between various banks and mobile financial service providers, enabling seamless and secure payments through a single QR code, powered by the
EMVCo standard.
History
Prior to the introduction of MMQR, Myanmar's digital payment ecosystem was fragmented, with different banks and mobile wallets operating on their own proprietary QR code systems. This often required users to maintain multiple accounts and businesses to manage various payment acceptance methods, leading to inconvenience and inefficiency.
The
Central Bank of Myanmar
The Central Bank of Myanmar
(; ; abbreviated CBM) is the central bank of Myanmar (formerly Burma).
Organisation
Its headquarter is located in Nay Pyi Taw, and has branches in Yangon and Mandalay.
History
The Central Bank of Myanmar was ...
recognized the need for a unified national standard to modernise the country's financial system and align it with international practices. The development of MMQR was a key component of Myanmar's National Payment System Strategy (2020-2025), which aims to foster digital banking, expand digital payments, and reduce cash usage.
In January 2019, the Central Bank initially launched the MMQR Specification Version 1.0 for QR code payment, laying the groundwork for interoperability. In 2021, the Central Bank of Myanmar selected Payplus as the digital payment switch operator for MyanmarPay. Implementation of the digital payment switch for MyanmarPay began in 2022. MMQR was officially launched on 27 February 2025.
References
See also
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ASEAN Integrated QR Code Payment System
The ASEAN Integrated QR Code Payment System is a 2023 initiative by ASEAN for an integrated QR code payment systems. It was part of ASEAN's Local Currency Transaction (LCT) Framework. The initiative was aimed at using local currencies and reduced ...
*
Central Bank of Myanmar
The Central Bank of Myanmar
(; ; abbreviated CBM) is the central bank of Myanmar (formerly Burma).
Organisation
Its headquarter is located in Nay Pyi Taw, and has branches in Yangon and Mandalay.
History
The Central Bank of Myanmar was ...
External links
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{{Economy of Myanmar
Economy of Myanmar
Online payments
Barcodes
2025 establishments in Myanmar