Shifting Payment Preferences and Enhancing Financial Inclusion
Implemented strategies within a mock-up plan to reduce cash-on-delivery reliance and boost digital payment adoption for Alibaba Myanmar, enhancing financial inclusion and operational efficiency.
Challenge: Myanmar's economy had a heavy reliance on cash-on-delivery (COD) for 85% of transactions due to a largely unbanked population (74% of citizens lack bank accounts) and underdeveloped digital payment infrastructure. This limited scalability and operational efficiency.
Solution: My mock-up plan addressed this by retaining COD as an option (85% of transactions) to cater to Myanmar’s unbanked population and build initial trust. Concurrently, it strategically incentivized a shift towards digital payments (KBZPay, WavePay) through offers like 5% cashback. This aligns with Myanmar’s mobile-first economy and aims to promote broader financial inclusion.
Results: The goal is to increase digital payment usage to 60% of all orders via KBZPay/WavePay by May 2026 and reduce COD reliance to below 70%, improving transaction speed and overall market scalability.
Read the full mock-up plan at: shainwaiyan.com/marketing-plan
Shain Studio