January 3, 2018 by mgthantzin
Yangon Payment System
YRTA will soon introduce Yangon Payment System (YPS). According to Global New Light of Myanmar, they are gonna announce winner for YPS tender on coming 10th January. I wish to see some promotions from the winning company in first few months to make the adoption rate better.
Majority of regular commuters are from low-income households. They will not be willing (or rather cannot afford) to top-up large sum of money (say Ks5000). Probably Ks1000 to Ks2000 top-ups will be more common. (Another reason of low top-up amount may be the concern that they might lose the card.) We may also have to consider what is the smallest acceptable denomination – Ks200 or Ks500.
In order to make the system efficient, promotions similar to mobile bill counterparts can be implemented. For example, if we top-up Ks2000, there will be Ks200 additional credit etc. In fact, there are many things to consider while devising policies with big impact on large population. And, winning company, I hope, makes the system flexible enough to ensure that it can adapt to demands and requirements which may soon arise.
I wish YBS a success.