• Burmese
Sunday, September 24, 2023
No Result
View All Result
NEWSLETTER
The Irrawaddy
27 °c
Yangon
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Letters
  • Junta Watch
  • Ethnic Issues
  • Features
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Obituaries
  • Politics
  • Business
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Letters
  • Junta Watch
  • Ethnic Issues
  • Features
  • In Person
    • Interview
    • Profile
  • Books
  • Donation
No Result
View All Result
The Irrawaddy
No Result
View All Result
Home News Burma

Myanmar Junta Restricts Mobile Money Payments to cut Resistance Funding

by The Irrawaddy
August 18, 2022
in Burma, Factiva, News
Reading Time: 1 min read
A A
Myanmar Junta Restricts Mobile Money Payments to cut Resistance Funding

A Wave Money agent in Yangon.

5.1k
VIEWS
Share on FacebookShare on Twitter

Myanmar’s military regime has ordered mobile money service providers to keep a complete record of users who either transfer or receive mobile payments, in a bid to cut off funding to the country’s resistance movement.

On Monday, the junta issued a directive telling banks and other financial institutions that provide mobile money services to keep the personal information of those who transfer or receive money through their mobile wallet apps.

RelatedPosts

Myanmar Junta Massacres Sagaing Resistance Fighters

Myanmar Junta Massacres Sagaing Resistance Fighters

September 23, 2023
1.6k
Myanmar’s Civilian Government Calls on International Community to Help Unseat Junta

Myanmar’s Civilian Government Calls on International Community to Help Unseat Junta

September 23, 2023
861
Myanmar Junta Troops Loot Abandoned Magwe Town

Myanmar Junta Troops Loot Abandoned Magwe Town

September 23, 2023
756

Under the regime’s order, new users wishing to open a mobile wallet app account are required to submit photos of their citizenship ID card, phone number and a photo of their face.

Observers believe that the new restrictions on mobile money services have been introduced because Myanmar people at home and overseas are using mobile wallet apps to transfer money to resistance forces to fund the fight against the junta.

In Myanmar, mobile wallet services are run by telecom companies as well as private banks. Mobile wallets run by telecom companies include Telenor’s Wave Money, Ooredoo’s M-Pitesan and MPT’s MPT Pay. Bank mobile wallet apps include KBZPay, CB Pay, AYA Pay, and OnePay.

Wave Money, which is also linked with Yoma Bank, and KBZPay are probably the most popular mobile money apps among Myanmar users.

The junta has also instructed service providers to upgrade their app system so that the name of the recipient of a money transfer appears once the sender types their phone number into the mobile money app.

Mobile money agents have also been told to install CCTV cameras at their shops to record who is transferring or withdrawing money.

Since last year, the regime has frozen the bank accounts and mobile money wallets of people who give financial support to the anti-coup resistance.

Your Thoughts …
Tags: CoupjuntaKBZPaymilitary regimeMobile Wallet AppsWave Money
Previous Post

Junta Chief Blames Resistance for Myanmar’s Chaos

Next Post

UK’s Euromoney Urged to Revoke Its Award to Myanmar Crony Bank UAB

The Irrawaddy

The Irrawaddy

...

Similar Picks:

Myanmar Junta’s Central Bank Had $6.8 Bn in Reserves at 14 Int’l Banks in March

Myanmar Junta’s Central Bank Had $6.8 Bn in Reserves at 14 Int’l Banks in March

August 21, 2023
13k
Myanmar Resistance’s Next Steps are Clear; It’s the Junta’s that Aren’t

Myanmar Resistance’s Next Steps are Clear; It’s the Junta’s that Aren’t

August 8, 2023
10.4k
Cash-Starved Junta Milks Myanmar Migrant Workers With New Remittance Rule

Cash-Starved Junta Milks Myanmar Migrant Workers With New Remittance Rule

September 12, 2023
8.9k
Singapore Called On to Stop Feeding Myanmar Junta’s War Machine

Singapore Called On to Stop Feeding Myanmar Junta’s War Machine

August 24, 2023
8.3k
KIA Seizes Three Key Myanmar Junta Outposts

KIA Seizes Three Key Myanmar Junta Outposts

August 8, 2023
5.5k
Myanmar and the Death of ASEAN

Myanmar and the Death of ASEAN

August 29, 2023
5.5k
Load More
Next Post
UK’s Euromoney Urged to Revoke Its Award to Myanmar Crony Bank UAB

UK’s Euromoney Urged to Revoke Its Award to Myanmar Crony Bank UAB

Myanmar’s Commercial Capital Yangon hit by Record Rainfall and Floods

Myanmar’s Commercial Capital Yangon hit by Record Rainfall and Floods

No Result
View All Result

Recommended

Former Refugee Puts Plight of Myanmar Children Center Stage at Miss Universe Pageant

Former Refugee Puts Plight of Myanmar Children Center Stage at Miss Universe Pageant

5 days ago
1.9k
Myanmar Junta Boss Unlikely to Get BRI Forum Invite He Craves From China

Myanmar Junta Boss Unlikely to Get BRI Forum Invite He Craves From China

4 days ago
1.4k

Most Read

  • Myanmar Junta Massacres Sagaing Resistance Fighters

    Myanmar Junta Massacres Sagaing Resistance Fighters

    shares
    Share 0 Tweet 0
  • Myanmar’s Civilian Government Calls on International Community to Help Unseat Junta

    shares
    Share 0 Tweet 0
  • Myanmar Junta Troops Loot Abandoned Magwe Town

    shares
    Share 0 Tweet 0
  • Junta Watch: Belarus Seals Bloody Alliance With Regime; Resistance-Hit Naypyitaw Touted as Top Tourism Destination; and More

    shares
    Share 0 Tweet 0
  • Fighting Set to Intensify on Myanmar’s Border with China: Analysts

    shares
    Share 0 Tweet 0

Newsletter

Get The Irrawaddy’s latest news, analyses and opinion pieces on Myanmar in your inbox.

Subscribe here for daily updates.

Contents

  • News
  • Politics
  • War Against the Junta
  • Myanmar’s Crisis & the World
  • Conflicts In Numbers
  • Junta Crony
  • Ethnic Issues
  • Asia
  • World
  • Business
  • Economy
  • Election 2020
  • Elections in History
  • Cartoons
  • Features
  • Opinion
  • Editorial
  • Commentary
  • Guest Column
  • Analysis
  • Letters
  • In Person
  • Interview
  • Profile
  • Dateline
  • Specials
  • Myanmar Diary
  • Women & Gender
  • Places in History
  • On This Day
  • From the Archive
  • Myanmar & COVID-19
  • Intelligence
  • Myanmar-China Watch
  • Lifestyle
  • Travel
  • Food
  • Fashion & Design
  • Videos
  • Photos
  • Photo Essay
  • Donation

About The Irrawaddy

Founded in 1993 by a group of Myanmar journalists living in exile in Thailand, The Irrawaddy is a leading source of reliable news, information, and analysis on Burma/Myanmar and the Southeast Asian region. From its inception, The Irrawaddy has been an independent news media group, unaffiliated with any political party, organization or government. We believe that media must be free and independent and we strive to preserve press freedom.

  • Copyright
  • Code of Ethics
  • Privacy Policy
  • Team
  • About Us
  • Careers
  • Contact
  • Burmese

© 2023 Irrawaddy Publishing Group. All Rights Reserved

No Result
View All Result
  • Home
  • News
    • Burma
    • Politics
    • World
    • Asia
    • Myanmar’s Crisis & the World
    • Ethnic Issues
    • War Against the Junta
    • Junta Cronies
    • Conflicts In Numbers
    • Junta Watch
    • Obituaries
  • Politics
  • Opinion
    • Commentary
    • Guest Column
    • Analysis
    • Editorial
    • Letters
  • Ethnic Issues
  • Features
  • In Person
    • Interview
    • Profile
  • Business
    • Economy
    • Business Roundup
  • Donation

© 2023 Irrawaddy Publishing Group. All Rights Reserved

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.