Are you still on the fence about whether or not Mobile Money can be beneficial to someone living in Myanmar (Burma)? Need incentive? Here are 10 compelling reasons to adopt Mobile Money in Myanmar. You might just end up crossing over to this form of payment, or give it some thought.
1. It’s ‘green’
As the environmentally cognizant have proven, it’s simple (and exciting!) to go green. Adopting mobile money is one of the noblest ways to go green in your daily life as you choose a mobile wallet, in place of paper notes! The impact on the environment can be enormous.
2. It helps end financial exclusion
Mobile money has the power to bring unbanked populations under the formal financial system. More than 75% of Myanmar’s 60 million people do not have access to a bank through no fault of their own; by adopting mobile money, you make the service more ubiquitous as a result drawing in more users – aka theory of network effects. The more people there are on a network, the more the benefits that accrue to its members. So by signing up, you’re doing your part to help end the nationwide crisis of financial exclusion in Myanmar.
3. It’s cool
With so many possibilities surrounding mobile wallets – money transfer, cash withdrawal, merchant purchases, airtime purchase, etc. among them – obviously, adopting mobile money isn’t just the right thing to do; it’s the cool thing to do. As an early adopter, to your peers, you’ll be the techie rock star!
4. It demonstrates your depth
Signing up for mobile money demonstrates you’re a person of great inner profundity who values substance (willing to try out a novel concept – mobile wallet) over style (sticking with the conventional leather wallet).
5. It showcases your techie style
If you’re a techie style hound, there’s no more styling statement than a mobile wallet. It coordinates brilliantly with your entire tech move! Smartphone? Check. Internet? Check. Mobile money? Check, check, check.
6. Your demonstration of faith in democracy
Are you a political die-hard? By adopting mobile money, you reaffirm your confidence in Myanmar’s democratic process. President Thein Sein has made reform of Myanmar’s overall financial and banking system the government’s foremost priority.
Will you be signing up for mobile money?