There is huge potential in allowing capable microfinance institutions and mobile network operators to use mobile financial services to provide international and local remittances. The potential is in the socio-economic enhancement of rural households, and the catalysing effects on financial sector effectiveness and economic growth in Myanmar. This on top of benefits that mobile financial services have upon the sustainable and effective provision of savings, credit and insurance services by lowering transaction costs for rural and urban households and financial service providers.

The Myanmar financial sector authorities have made huge steps forward to providing an enabling regulatory environment that allows for unleashing this potential. This paper aims to illustrate those issues that require further clarification and request such clarification, and give publicity to existing opportunities.

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