{"id":360,"date":"2023-03-31T07:47:56","date_gmt":"2023-03-31T07:47:56","guid":{"rendered":"https:\/\/payplusmyanmar.com\/?page_id=360"},"modified":"2023-04-26T03:26:25","modified_gmt":"2023-04-26T03:26:25","slug":"real-time-payment","status":"publish","type":"page","link":"https:\/\/payplusmyanmar.com\/index.php\/real-time-payment\/","title":{"rendered":"real-time payment"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"360\" class=\"elementor elementor-360\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-de5476d elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"de5476d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-72bdf90\" data-id=\"72bdf90\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-02e0786 elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-image\" data-id=\"02e0786\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.12.2 - 23-04-2023 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"2048\" height=\"1152\" src=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/real-time-article-01-2048x1152.jpg\" class=\"attachment-2048x2048 size-2048x2048 wp-image-352\" alt=\"\" srcset=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/real-time-article-01-2048x1152.jpg 2048w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/real-time-article-01-300x169.jpg 300w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/real-time-article-01-1024x576.jpg 1024w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/real-time-article-01-768x432.jpg 768w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/real-time-article-01-1536x864.jpg 1536w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/real-time-article-01-800x450.jpg 800w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c8463b elementor-hidden-desktop elementor-widget elementor-widget-image\" data-id=\"3c8463b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"2048\" height=\"1152\" src=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/real-time-article-01-2048x1152.jpg\" class=\"attachment-2048x2048 size-2048x2048 wp-image-352\" alt=\"\" srcset=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/real-time-article-01-2048x1152.jpg 2048w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/real-time-article-01-300x169.jpg 300w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/real-time-article-01-1024x576.jpg 1024w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/real-time-article-01-768x432.jpg 768w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/real-time-article-01-1536x864.jpg 1536w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/real-time-article-01-800x450.jpg 800w\" sizes=\"auto, (max-width: 2048px) 100vw, 2048px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-623a96e elementor-widget elementor-widget-heading\" data-id=\"623a96e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.12.2 - 23-04-2023 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-default\">March 31, 2023 | By Jason Myat, Ruth Aung<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4ec5ec0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4ec5ec0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-6b8be00\" data-id=\"6b8be00\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4b3f43f elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-heading\" data-id=\"4b3f43f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Real-time Payment <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f58b85f elementor-hidden-desktop elementor-widget elementor-widget-heading\" data-id=\"f58b85f\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Real-time Payment<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0b13296 elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-text-editor\" data-id=\"0b13296\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.12.2 - 23-04-2023 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><span style=\"font-weight: 400;\">Individuals and their cultural environment have different levels of familiarity with traditional payment systems. People who grew up in third-world countries where cash and cheques are commonly used may be more accustomed to traditional payment methods, whereas those who grew up in countries with better access to digital payment options will be able to accept advanced payments. However, the acceptance of social costs as a significant factor in the payment sector is growing over time. <\/span><span style=\"font-weight: 400;\">The term &#8220;social cost&#8221; refers to the economic losses endured by all sectors, such as the price of creating money for the central bank, the amount of time spent waiting for cash or making payments, and the cost of processing cash or check transactions at a retail bank. Traditional payments involve transactions that are cash-based and other payment methods like <\/span><span style=\"font-weight: 400;\">cheques, demand drafts, and letters of credit. Typically, the Automated Clearing House (ACH) system handles these payments, and the settlement procedure takes a few days. Wire transfers, which are quicker than ACH but still take a few hours or a day to settle, are another option for payments. Every payment method has a social cost on its own.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4410d86 elementor-hidden-desktop elementor-widget elementor-widget-text-editor\" data-id=\"4410d86\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Individuals and their cultural environment have different levels of familiarity with traditional payment systems. People who grew up in third-world countries where cash and cheques are commonly used may be more accustomed to traditional payment methods, whereas those who grew up in countries with better access to digital payment options will be able to accept advanced payments. However, the acceptance of social costs as a significant factor in the payment sector is growing over time. <\/span><span style=\"font-weight: 400;\">The term &#8220;social cost&#8221; refers to the economic losses endured by all sectors, such as the price of creating money for the central bank, the amount of time spent waiting for cash or making payments, and the cost of processing cash or check transactions at a retail bank. Traditional payments involve transactions that are cash-based and other payment methods like <\/span><span style=\"font-weight: 400;\">cheques, demand drafts, and letters of credit. Typically, the Automated Clearing House (ACH) system handles these payments, and the settlement procedure takes a few days. Wire transfers, which are quicker than ACH but still take a few hours or a day to settle, are another option for payments. Every payment method has a social cost on its own.<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1ffc412 elementor-widget elementor-widget-image\" data-id=\"1ffc412\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"822\" height=\"486\" src=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/04\/d1202c80-1395-48be-93b6-b4cb968d451c.jpg\" class=\"attachment-large size-large wp-image-425\" alt=\"\" srcset=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/04\/d1202c80-1395-48be-93b6-b4cb968d451c.jpg 822w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/04\/d1202c80-1395-48be-93b6-b4cb968d451c-300x177.jpg 300w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/04\/d1202c80-1395-48be-93b6-b4cb968d451c-768x454.jpg 768w\" sizes=\"auto, (max-width: 822px) 100vw, 822px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-20927cb elementor-widget elementor-widget-image\" data-id=\"20927cb\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"938\" src=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-31-at-14.21.18-1024x938.png\" class=\"attachment-large size-large wp-image-367\" alt=\"\" srcset=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-31-at-14.21.18-1024x938.png 1024w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-31-at-14.21.18-300x275.png 300w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-31-at-14.21.18-768x704.png 768w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-31-at-14.21.18-1536x1407.png 1536w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/Screenshot-2023-03-31-at-14.21.18.png 1620w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3f2900b elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-text-editor\" data-id=\"3f2900b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">As an example of a developed country, the UK had already achieved a strong real-time payment system. The UK&#8217;s Faster Payment Services cost GBP 0.14 per transaction in 2008, the first year after the real-time payment launch, then fell with rising transaction volumes to GBP 0.02 per transaction in 2014, according to a 2014 analysis by the Federal Reserve on the potential benefits of introducing real-time payments in the UK. This data indicates that the expenses of the net payment system per real-time payment transaction may be lower than those of other payment systems, particularly those that are not electronic.<\/span><\/p><p><span style=\"font-weight: 400;\">A real-time payment is one that allows for instant money transfers between bank accounts and is made to facilitate transactions practically quickly, as opposed to traditional payment methods, which may need a few days for the cash to clear. These payment systems are gaining popularity across the globe because they have numerous benefits compared to traditional payment methods. These payments are made via digital channels like mobile banking applications, internet banking, or electronic wallets, and they are processed and paid promptly, around the clock. For instance, they can aid in lowering transaction costs, boosting productivity, and enhancing security. The real-time payment contains 4 major process <\/span><\/p><p><br style=\"font-weight: 400;\" \/><br \/><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9db1dc9 elementor-hidden-desktop elementor-widget elementor-widget-text-editor\" data-id=\"9db1dc9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">As an example of a developed country, the UK had already achieved a strong real-time payment system. The UK&#8217;s Faster Payment Services cost GBP 0.14 per transaction in 2008, the first year after the real-time payment launch, then fell with rising transaction volumes to GBP 0.02 per transaction in 2014, according to a 2014 analysis by the Federal Reserve on the potential benefits of introducing real-time payments in the UK. This data indicates that the expenses of the net payment system per real-time payment transaction may be lower than those of other payment systems, particularly those that are not electronic.<\/span><\/p><p><span style=\"font-weight: 400;\">A real-time payment is one that allows for instant money transfers between bank accounts and is made to facilitate transactions practically quickly, as opposed to traditional payment methods, which may need a few days for the cash to clear. These payment systems are gaining popularity across the globe because they have numerous benefits compared to traditional payment methods. These payments are made via digital channels like mobile banking applications, internet banking, or electronic wallets, and they are processed and paid promptly, around the clock. For instance, they can aid in lowering transaction costs, boosting productivity, and enhancing security. The real-time payment contains 4 major process <\/span><\/p><p><br style=\"font-weight: 400;\" \/><br \/><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-77f1029 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"77f1029\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-595bb96\" data-id=\"595bb96\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-5b4bfee\" data-id=\"5b4bfee\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ce1de99 elementor-widget elementor-widget-image\" data-id=\"ce1de99\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/viber_image_2023-03-31_15-09-11-403-1024x1024.png\" class=\"attachment-large size-large wp-image-392\" alt=\"\" srcset=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/viber_image_2023-03-31_15-09-11-403-1024x1024.png 1024w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/viber_image_2023-03-31_15-09-11-403-300x300.png 300w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/viber_image_2023-03-31_15-09-11-403-150x150.png 150w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/viber_image_2023-03-31_15-09-11-403-768x768.png 768w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/viber_image_2023-03-31_15-09-11-403-1536x1536.png 1536w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/viber_image_2023-03-31_15-09-11-403-2048x2048.png 2048w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/viber_image_2023-03-31_15-09-11-403-600x600.png 600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-702c20b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"702c20b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-58c55ec\" data-id=\"58c55ec\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5bee18d elementor-widget elementor-widget-image\" data-id=\"5bee18d\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/1-01-1-1024x1024.png\" class=\"attachment-large size-large wp-image-383\" alt=\"\" srcset=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/1-01-1-1024x1024.png 1024w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/1-01-1-300x300.png 300w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/1-01-1-150x150.png 150w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/1-01-1-768x768.png 768w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/1-01-1-1536x1536.png 1536w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/1-01-1-2048x2048.png 2048w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/1-01-1-600x600.png 600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-24366c9\" data-id=\"24366c9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d894803 elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-text-editor\" data-id=\"d894803\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Payment requests must be submitted by the payer using a mobile app and an internet banking portal in order for the payment to be initiated.\u00a0 The payment request is approved once the payer&#8217;s bank certifies that they have sufficient funds and that the requested payment is legitimate.\u00a0 Direct debits are an example of a payment that the payer can pre-authorize before the payee initiates the transaction.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2672edd elementor-hidden-desktop elementor-widget elementor-widget-text-editor\" data-id=\"2672edd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Payment requests must be submitted by the payer using a mobile app and an internet banking portal in order for the payment to be initiated.\u00a0 The payment request is approved once the payer&#8217;s bank certifies that they have sufficient funds and that the requested payment is legitimate.\u00a0 Direct debits are an example of a payment that the payer can pre-authorize before the payee initiates the transaction.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-c1ca37e elementor-hidden-tablet elementor-hidden-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c1ca37e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-b69991e\" data-id=\"b69991e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9b52761 elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-text-editor\" data-id=\"9b52761\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>After approval, the payment request is transmitted to the payment system for processing. The payment is transmitted to the recipient&#8217;s institution by the payment system for processing. As a facilitator between the payer and the payee&#8217;s financial institutions, a payment scheme administrator often handles clearing.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-7ca7f4c\" data-id=\"7ca7f4c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-af0e19b elementor-widget elementor-widget-image\" data-id=\"af0e19b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/22-01-1-1024x1024.png\" class=\"attachment-large size-large wp-image-384\" alt=\"\" srcset=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/22-01-1-1024x1024.png 1024w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/22-01-1-300x300.png 300w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/22-01-1-150x150.png 150w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/22-01-1-768x768.png 768w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/22-01-1-1536x1536.png 1536w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/22-01-1-2048x2048.png 2048w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/22-01-1-600x600.png 600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-ba12148 elementor-reverse-mobile elementor-hidden-desktop elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ba12148\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-ccc3e05\" data-id=\"ccc3e05\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7635600 elementor-hidden-desktop elementor-widget elementor-widget-text-editor\" data-id=\"7635600\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>After approval, the payment request is transmitted to the payment system for processing. The payment is transmitted to the recipient&#8217;s institution by the payment system for processing. As a facilitator between the payer and the payee&#8217;s financial institutions, a payment scheme administrator often handles clearing.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-720b679\" data-id=\"720b679\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-55e958a elementor-widget elementor-widget-image\" data-id=\"55e958a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/22-01-1-1024x1024.png\" class=\"attachment-large size-large wp-image-384\" alt=\"\" srcset=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/22-01-1-1024x1024.png 1024w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/22-01-1-300x300.png 300w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/22-01-1-150x150.png 150w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/22-01-1-768x768.png 768w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/22-01-1-1536x1536.png 1536w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/22-01-1-2048x2048.png 2048w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/22-01-1-600x600.png 600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-d4c20d3 elementor-hidden-tablet elementor-hidden-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d4c20d3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-988f889\" data-id=\"988f889\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7567a09 elementor-widget elementor-widget-image\" data-id=\"7567a09\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/33-01-1-1024x1024.png\" class=\"attachment-large size-large wp-image-385\" alt=\"\" srcset=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/33-01-1-1024x1024.png 1024w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/33-01-1-300x300.png 300w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/33-01-1-150x150.png 150w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/33-01-1-768x768.png 768w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/33-01-1-1536x1536.png 1536w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/33-01-1-2048x2048.png 2048w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/33-01-1-600x600.png 600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-a5f81dd\" data-id=\"a5f81dd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2c2dd5a elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-text-editor\" data-id=\"2c2dd5a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The money is received by the recipient&#8217;s bank, which immediately credits the recipient&#8217;s account. After the money has been credited to the recipient&#8217;s account, the payment is regarded as settled. Settlement is the release of payment obligations between the financial institutions of the payer and payee, with the transfer of funds taking place either on a gross basis.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-49e3406 elementor-hidden-desktop elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"49e3406\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-b81fdb3\" data-id=\"b81fdb3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-391dfb9 elementor-widget elementor-widget-image\" data-id=\"391dfb9\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/33-01-1-1024x1024.png\" class=\"attachment-large size-large wp-image-385\" alt=\"\" srcset=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/33-01-1-1024x1024.png 1024w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/33-01-1-300x300.png 300w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/33-01-1-150x150.png 150w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/33-01-1-768x768.png 768w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/33-01-1-1536x1536.png 1536w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/33-01-1-2048x2048.png 2048w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/33-01-1-600x600.png 600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-adc65a5\" data-id=\"adc65a5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1aece11 elementor-widget elementor-widget-text-editor\" data-id=\"1aece11\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>The money is received by the recipient&#8217;s bank, which immediately credits the recipient&#8217;s account. After the money has been credited to the recipient&#8217;s account, the payment is regarded as settled. Settlement is the release of payment obligations between the financial institutions of the payer and payee, with the transfer of funds taking place either on a gross basis.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-9722831 elementor-hidden-tablet elementor-hidden-mobile elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9722831\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-8540e20\" data-id=\"8540e20\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4a1964e elementor-widget elementor-widget-text-editor\" data-id=\"4a1964e\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>A notification that the payment has been made as well as completed has now been forwarded to the payer and payee by the respective institutions. The procedure comes to an end with this step.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-f7f798f\" data-id=\"f7f798f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0bd9803 elementor-widget elementor-widget-image\" data-id=\"0bd9803\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/44-01-1-1024x1024.png\" class=\"attachment-large size-large wp-image-386\" alt=\"\" srcset=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/44-01-1-1024x1024.png 1024w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/44-01-1-300x300.png 300w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/44-01-1-150x150.png 150w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/44-01-1-768x768.png 768w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/44-01-1-1536x1536.png 1536w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/44-01-1-2048x2048.png 2048w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/44-01-1-600x600.png 600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-eae519a elementor-reverse-tablet elementor-reverse-mobile elementor-hidden-desktop elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"eae519a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-eb1a20a\" data-id=\"eb1a20a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-45ebd88 elementor-widget elementor-widget-text-editor\" data-id=\"45ebd88\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>A notification that the payment has been made as well as completed has now been forwarded to the payer and payee by the respective institutions. The procedure comes to an end with this step.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-705a7db\" data-id=\"705a7db\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f884ff9 elementor-widget elementor-widget-image\" data-id=\"f884ff9\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/44-01-1-1024x1024.png\" class=\"attachment-large size-large wp-image-386\" alt=\"\" srcset=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/44-01-1-1024x1024.png 1024w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/44-01-1-300x300.png 300w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/44-01-1-150x150.png 150w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/44-01-1-768x768.png 768w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/44-01-1-1536x1536.png 1536w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/44-01-1-2048x2048.png 2048w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/44-01-1-600x600.png 600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-a0fd87b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a0fd87b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-0f6bca1\" data-id=\"0f6bca1\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-77e783b elementor-widget elementor-widget-image\" data-id=\"77e783b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" src=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/66-01-1024x1024.png\" class=\"attachment-large size-large wp-image-388\" alt=\"\" srcset=\"https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/66-01-1024x1024.png 1024w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/66-01-300x300.png 300w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/66-01-150x150.png 150w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/66-01-768x768.png 768w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/66-01-1536x1536.png 1536w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/66-01-2048x2048.png 2048w, https:\/\/payplusmyanmar.com\/wp-content\/uploads\/2023\/03\/66-01-600x600.png 600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-7f22f00\" data-id=\"7f22f00\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-b4b7112 elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-text-editor\" data-id=\"b4b7112\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">In developed nations, real-time payments are already more prevalent and expanding. In the future, they are likely to become even more ubiquitous in our country, Myanmar as well. Payment inefficiency, often known as &#8220;Payment float,&#8221; has long been a concern to several corporate enterprises. For\u00a0<\/span><span style=\"font-weight: 400;\">both organizations and consumers, real-time payments may help decrease payment float and create a more effective and secure payment system. To learn more about the payment float, stay tuned for the Real-time payment part 2. <\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8ced9c3 elementor-hidden-desktop elementor-widget elementor-widget-text-editor\" data-id=\"8ced9c3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">In developed nations, real-time payments are already more prevalent and expanding. In the future, they are likely to become even more ubiquitous in our country, Myanmar as well. Payment inefficiency, often known as &#8220;Payment float,&#8221; has long been a concern to several corporate enterprises. For\u00a0<\/span><span style=\"font-weight: 400;\">both organizations and consumers, real-time payments may help decrease payment float and create a more effective and secure payment system. To learn more about the payment float, stay tuned for the Real-time payment part 2. <\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-924a09a elementor-section-full_width elementor-hidden-tablet elementor-hidden-mobile elementor-section-height-default elementor-section-height-default\" data-id=\"924a09a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-396356e\" data-id=\"396356e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-bf6711a\" data-id=\"bf6711a\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-22e1fa6 elementor-widget elementor-widget-heading\" data-id=\"22e1fa6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/payplusmyanmar.com\/index.php\/article\/\"><- More  Articles<\/a><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-f83250e elementor-section-full_width elementor-hidden-desktop elementor-section-height-default elementor-section-height-default\" data-id=\"f83250e\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-463fef8\" data-id=\"463fef8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fbc1de4 elementor-widget elementor-widget-heading\" data-id=\"fbc1de4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\"><a href=\"https:\/\/payplusmyanmar.com\/index.php\/article\/\"><- More Articles<\/a><\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>March 31, 2023 | By Jason Myat, Ruth Aung Real-time Payment Real-time Payment Individuals and their cultural environment have different levels of familiarity with traditional payment systems. People who grew up in third-world countries where cash and cheques are commonly used may be more accustomed to traditional payment methods, whereas those who grew up in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"elementor_canvas","meta":{"footnotes":""},"class_list":["post-360","page","type-page","status-publish","hentry","entry"],"_links":{"self":[{"href":"https:\/\/payplusmyanmar.com\/index.php\/wp-json\/wp\/v2\/pages\/360","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/payplusmyanmar.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/payplusmyanmar.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/payplusmyanmar.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/payplusmyanmar.com\/index.php\/wp-json\/wp\/v2\/comments?post=360"}],"version-history":[{"count":40,"href":"https:\/\/payplusmyanmar.com\/index.php\/wp-json\/wp\/v2\/pages\/360\/revisions"}],"predecessor-version":[{"id":428,"href":"https:\/\/payplusmyanmar.com\/index.php\/wp-json\/wp\/v2\/pages\/360\/revisions\/428"}],"wp:attachment":[{"href":"https:\/\/payplusmyanmar.com\/index.php\/wp-json\/wp\/v2\/media?parent=360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}