KBZPay, a convenient payment service for people living at home during COVID-19

When the World Health Organization released a statement on 9 March 2020 recommending that people turn to cashless transactions to fight the spread of COVID-19, the number of digital transactions across the globe began to soar. On 24 March 2020, the Central Bank of Myanmar (CBM) also encouraged people in the country to utilize mobile banking and mobile wallet platforms to avoid having to go out so often. In this regard, the COVID-19 pandemic may kickstart a further movement towards mobile payment technology in the long run.

As people in Myanmar stay home to protect themselves against the spread of COVID-19, here are a few ways they can use mobile wallets such as KBZPay for their payment and lifestyle needs.

Worried about heading out to pay bills or to get cash from an ATM? Use your KBZPay mobile wallet for cashless payments! Simply cash-in funds into your KBZPay mobile wallet at a nearby agent or from your KBZ Bank Savings account to get started. Photo Source  https://web.facebook.com/KBZPay/

In accordance with CBM guidelines, KBZPay has increased the daily cash-in limit to MMK 400,000 for Level 1 customers and MMK 2,000,000 for Level 2 customers. This enables customers to keep a higher balance in their mobile wallet for payments and reduces the need to head out to get cash.

Additionally, the daily money transfer limit has also been raised to MMK 400,000 for Level 1 customers. This provides customers the choice and flexibility to make larger P2P transfers.

What can we do with KBZPay?

We can Top-up our phone bills. Do you find yourself spending more time on your devices, accessing social media, enjoying music and video streaming services or making video calls to loved ones and for work? Purchase top-ups and data packs easily using KBZPay!

We can make payments for Electricity and YCDC Bills. It can be made electricity, water, and municipal fee payments with a few easy taps by using the ‘Bill Payments’ feature in the KBZPay App. Photo Source https://web.facebook.com/KBZPay/

Payments can be made to Delivery Platforms. Staying home doesn’t mean you don’t get to enjoy your favorite foods. You can order a variety of food and have it delivered to your doorstep through online delivery platforms such as Food2U. You can follow social distancing measures and need not handle cash by making payment for deliveries using KBZPay.

To celebrate Thingyan, every customer who makes a payment with KBZPay (QR Payment, Top Up, Quick Pay, Bill Payment, Gift card purchase) from 10 to 20 April will be eligible to participate in a Thingyan Spin Wheel contest to win attractive prizes.

We can send Money to Loved Ones. With travel not recommended in the coming weeks, many people in the country may not get to visit their families and loved ones during the upcoming Thingyan and Myanmar New Year holidays. However, KBZPay offers ways to send free money transfers to your loved ones seamlessly.

We can receive Transfers and Withdrawals at the ATM. Help protect your loved ones by giving them an alternative to going to the bank to withdraw a remittance. With KBZPay, you can send the money to their KBZPay wallet, and they can withdraw from an ATM without a card. Help them practice social distancing by avoiding crowded places and waiting in bank branches. What’s more, your loved one will receive an SMS and an in-app notification the moment you make the transfer, so they know exactly when to check their balance and go to the ATM to make the withdrawal.

Wish to give younger relatives or friends some pocket money for the holiday period? Use the ‘Pocket Money’ function in the KBZPay app to send money to a group of people along with a personalized message! Not only do people get your gift of money, but it’s also a fun game to see who is the luckiest! Photo Source https://web.facebook.com/KBZPay/

There are ways to do good deeds during the Thingyan and Myanmar New Year holidays using your KBZPay mobile wallet! Click on the ‘Donation’ tab in your KBZPay mobile wallet to make donations to different philanthropic organizations that help those in need.

KBZPay also recently launched a ‘We Love Yangon COVID-19 Fund’ to support the activities of We Love YGN, a philanthropic organization that supports communities in Yangon during these challenging times. In less than two weeks of its inclusion in the KBZPay mobile wallet, more than 1,800 donations valued at MMK 15.2 million have been contributed to the fund.

For those essential trips to get food or medicine, paying with KBZPay QR payments allows you to keep a safe distance from the counter and the cashier, to protect both yourself and the staff serving you.

QR payments make it possible to complete your payment while only touching your mobile phone; no need to hand cash to the cashier or accept potentially contaminated cash that you then put into your wallet and no need to sign for card usage with a communal pen.QR code transactions remove the need to wait for change – it’s quick and easy to complete your payment safely and leave the store.

Some KBZPay merchants are adapting to delivery services and will bring their QR code with them so that you can do a safe QR payment when they deliver the food to your door, rather than having to hand over cash.

As we respond to the challenges of COVID-19 together, remember to keep calm and tap on with KBZPay!