Platform for REDESIGN 2020

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Sustainable finance (public/private)/market mechanisms/carbon pricing

CERP’s Goal 5: Promoting Innovative Products & Platforms:
The Central Bank of Myanmar – CBM encourages innovation of mobile applications and use of available mobile payment services (including, but not limited, to KBZ Pay, CB Pay, Wave Money, M Pitesan, OK Dollar, etc.). E-banking could also be made for insurance mechanisms so that paying annual premiums are easy. The GOM itself uses mobile payments whenever it is feasible. These actions could be replicated in cases of climate induced disasters as well to transfers funds quickly.

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