Interoperable Real-time Payment Switch for MFIs and their Clients

A single point of integration for MFIs and digital payment providers

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A participant-governed, shared and open platform for financial institutions to transact with each other more easily and cost effectively.

A platform shared by microfinance institutions (MFIs), mobile wallets and banks 

Our Story

The platform grew from the desire of the Myanmar MFI industry to provide real-time loan repayment through a diverse set of mobile money service providers. Leading MFIs discovered that a standard product offering would reduce cost and simplify the education of loan officers and customers, making transaction scale possible. The MFIs know that the system will only work with the wallets that are also incentivized to participate, so they were invited to join the governance as well.  

Vision

We aim to include low-income Myanmar citizens in the digital economy by transforming Myanmar MFIs into digital financial institutions through industry-wide projects.

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Mission

Our mission is to drive financial inclusion by providing low-cost rails to connect the financial institutions that serve Myanmar’s financially excluded populations.

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Our use cases focus on payments that most effectively serve the underbanked. 

WynePay aims to include low-income Myanmar citizens in the digital economy by transforming Myanmar MFIs into digital financial institutions through industry-wide projects.

Use Cases

Digital Loan Repayment

Repayment against a loan by a customer to the lending MFI.

Digital Loan Disbursement

Disbursal of a loan by an MFI to a customer using two mechanisms: disbursal to a mobile money wallet, and disbursal via an OTC transaction at an agent.

Electronic Cash Transfer (ECT)

Electronic Cash Transfer (ECT) from the Government or an NGO to a list of beneficiaries. These beneficiaries may or not be customers of MFIs.

Learn more about the use cases here.

Main Features 

Interoperable

Make disbursement or accept repayments from the borrowers despite the different mobile wallets 

Open Platform

Need no other additional work from other participants

Real-time

Make transactions without any delay

Participant-owned

Enable decision making and set rules among the participants 

What Makes Us Different?

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A first ever initiative of Bill and Melinda Gates Foundation’s Financial Services for the Poor (FSP) program

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A very first interoperable real-time payment switch platform in Myanmar

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An infinite passion for financial inclusion

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WynePay is trusted by leading financial service providers in Myanmar.

Our Partners

Project Leads

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Technology supported by

Project supported by

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