Over the past five years, Myanmar has emerged from isolation to become one of the new global investment destinations. As the country develops and capital pours in, the pace of economic change has been relentless, impacting the very social fabric of the country and its people.
With a growing middle class comes more financial products and services. However, most people’s understanding of these products and services, be they new types of saving accounts or credit cards, does not grow in correspondence with their availability and proliferation.
To understand the perceptions, attitudes and behaviors of Myanmar people when it comes to money, banking and payments, we’re pleased to present findings from this study, Financial Education for Sustainable Growth: Myanmar Financial and Payment Attitudes Study.
The survey was conducted amongst 1,044 consumers in five major cities in Myanmar to represent the urban population. In addition, 8 one-on-one in-depth interviews were conducted, split equally between Yangon and Mandalay.
We hope this report will serve as a benchmark in the future as the country integrates more closely with the global economy. More importantly, we hope ideas and insights in this report will spark and enrich public dialogues that will lead to open and sustainable economic progress in Myanmar.