KBZPay has developed a new feature for its customers which will ease out the various payments to Yangon City Development Committee (YCDC). This new function, now available in the latest version of the KBZPay app, was launched following a contract signing with YCDC on September 6, 2019 and with the support of Yangon Regional Government, making it the first mobile wallet in Myanmar to offer such payment services. KBZPay customers in Yangon can now make payments for land rental fees, land tax, goods tax, utilities, kitchen waste as well as commercial and hospital waste using their mobile wallet.
Soe Ko Ko, Head of Agent Banking, KBZPay, says, “KBZPay strives to empower people with access to everyday financial services and over the past year, we have seen more customers utilise their mobile wallets for quick and hassle-free bill payments. The new YCDC Bills function gives customers flexibility and the assurance of safe, secure payments for YCDC bills and adds to our QuickPay function which allows payments to over 90 companies, organisations and universities. With billing and payment among YCDC’s most frequent and important touchpoints, we are glad to support them with the improvement of the customer experience.”
As YCDC bills are regular payment requirements for landowners, households and companies, KBZPay has now made the payment process faster, smarter and simpler. YCDC’s collaboration with KBZPay reflects their recognition of cashless payment as the way forward to streamline operations, improve efficiency and more importantly, to increase the volume of bill payment collections. The launch of the YCDC Bills function to support YCDC bill payments comes after guidelines were released in June by the Advanced Education Department of the Ministry of Education, advising universities and colleges to accept payments of school fees using KBZPay. In recent months, KBZPay has also expanded the list of companies that payments can be made to including MMBusTicket, Fortune Broadband, BMF Microfinance, and iMyanmarHouse.com.