15 March
MANDALAY commis-sioned the Mandalay smart pay (MSP Wallet) system yesterday, opening MSP accounts at Manda-lay Convention Centre for the convenience of tax payers.
The system which will not charge any service fees was jointly implemented by 2C2P, a Myanmar citi-zen-owned company based in Singapore, and Yadana-bon Bank.
Mandalay City De-velopment Committee (MCDC) has implement-ed the MSP Wallet with the aim of solving the problems in finding small notes and cutting time in paying municipal taxes. Taxpayers can send mon-ey through the QR Code round the clock without any charges. Later, we will extend the system till it becomes available for all trade purposes. As smart pay has become an international practice, we should also have one. Tax-payers no more need to count or even touch the notes,” said Mandalay Mayor Dr Ye Lwin.
As for introducing the system, we reached an agreement with 2C2P in the previous year. The first phase involves the settle-ment of municipal taxes, and later, the system can be applied in paying other charges including car and motorcycle keeping fees and market fees. Finally, business companies can be able to establish mutual trade links between them through the system, said a member of MCDC.
“Thanks to the sys-tem, taxpayers do not need to carry cash and go to the relevant offices in person. They can transfer the mon-ey from their accounts. It’s a safer method for all. We can make top-ups from Ks 5000 to a million,” said Ma Mi Mi Aung, who attend-ed the press meet on the Mandalay Smart Pay sys-tem. Taxpayers can open an account or have top-ups at the development affairs department in the Manda-lay city and all branches of Yadanabon bank and Myanmar Apex Bank. — Min Htet Aung (Mandalay sub-printing house)(Translated by TMT)
