ANZ Outage Highlights Risks of Cashless Society

A recent mass outage of ANZ software highlighted the risks of a cashless society, as customers were unable to access their accounts and Woolworths was unable to process EFTPOS transactions. This incident is a reminder that cash is still an important backup payment option.

Limiting financial inclusion can have wide-ranging negative effects on individuals, businesses, and communities. It's important for policymakers and financial institutions to consider these risks when making decisions about access to banking services.

  Head of Sales & Marketing, Lin Aung Kyaw, shares insights on Myanmar's payment landscape.

Signs promoting cash at retail outlets are popping up everywhere. Get free signs from the Cash Welcome. 

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