Rajah & Tann Regional Round-Up
your snapshot of key legal developments in Asia
 Issue 2 - Apr/May/Jun 2021
 

Reformation of the National Payment System Governing Committee

The State Administration Council has reformed the National Payment System Governing Committee ("NPSGC") by virtue of State Administration Council Order No. 147/2021 for the purposes of rectifying the economic crisis in Myanmar. The aims of the new NPSGC include but are not limited to the: (i) promotion of digital currency in Myanmar; (ii) reinvigoration of the electronic payment system; (iii) eradication of illegal cash payment systems; and (iv) implementation of the ASEAN Economic Integration program. The newly reformed NPSGC will be chaired by the Central Bank of Myanmar. Numerous other ministries will be members of the NPSGC.



Please note that whilst the information in this Update is correct to the best of our knowledge and belief at the time of writing, it is only intended to provide a general guide to the subject matter and should not be treated as a substitute for specific professional advice.

 

Rajah & Tann
Myanmar Company Limited
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No.3A Bogyoke Aung San Road,
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Yangon, Myanmar
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Dr Min Thein
Managing Partner
D +951 9345343
F +951 9345348
min.thein@rajahtann.com

Chester Toh
Director
D +65 62320220
chester.toh@rajahtann.com

Jainil Bhandari
Director
D +65 62320601
jainil.bhandari@rajahtann.com

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