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The Central Bank of Myanmar announces acceptance of electronic payments for purchases of medicines and medical supplies from private hospital and receiving medical treatment at clinics

The third wave of Covid-19 is occurring, and it is difficult to get to the bank as Stay at Home programs are being carried out in the regions and states, the Central Bank of Myanmar announces the acceptance of electronic payment method for the purchase of medicines and supplies. The Central Bank of Myanmar is working to accelerate the transition to a digital economy and to make payment systems more efficient.

Banks have been instructed to target more payments with A/C Transfer Digital Payments and to allow cash withdrawals up to 50% of the monthly sales (Pay/Wallet/Cards/Account Transfer) of merchants and affiliates to be vetted only two or three times a month. The third wave of Covid-19 is occurring in Myanmar and Stay at Home programs are being carried out in the regions and states. Clinics have difficulty accessing banks, are unable to handle infectious cash, and other critically ill patients have difficulty paying for medical bills in cash.

Therefore, the Ministry of Health and Sports, The Department of Health should prioritize the payment of medical treatment, purchase of medicines and medical supplies at private hospitals and clinics licensed by the Department of Health by using the electronic payment method in the paragraph (1) above, and the maximum payment received by Digital Payment shall be 50% per month. The cash will be disbursed two or three times and the cash will be disbursed by the relevant banks. The Central Bank has announced that coordination is being made between various clinics.

Source: Daily Eleven

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