A nine-year build from core banking to 12 million transactions a year.
Trusty Pay, operated by JL Group in Myanmar, is one of the first licensed payment institutions in the country. The Bankware engagement spans nine years and a multi-product evolution from core banking to e-wallet, merchant network, banking integration, and open API platform.
Frontier-market payments pioneer.
Trusty Pay JL Group's digital-payments pioneer in Myanmar.
Trusty Pay launched in September 2016 as one of the first licensed payment institutions in Myanmar. The Bankware engagement began with cloud-native e-wallet and payment platform infrastructure on the BX Payment Suite, with Bankware serving as the core technology partner for over half of Trusty Pay's business. The platform was an early adopter of Myanmar's FAST Payment system.
Frontier-market payments with regulatory complexity and underbanked customers.
Trusty Pay had to deliver digital payments in a frontier-market context, limited banking infrastructure, an underbanked customer base, reliance on agent networks for cash-in and cash-out, combined with the regulatory complexity of operating an early-stage payment institution license under the Central Bank of Myanmar. Multi-currency support, agent-network onboarding, and FAST Payment integration all required deep operational customization.
BX Payment Suite for cloud-native e-wallet and merchant infrastructure.
Bankware deployed BX Payment Suite as the cloud-native e-wallet and payment platform infrastructure. The functional surface includes electronic wallet operations, multi-currency support including Myanmar Kyat and the major regional currencies, payment processing across QR Code, P2P, and bill payment modes, loyalty and merchant programs, and the agency-model support for remote-area expansion through the cash counter network.
Cloud-native e-wallet and payment platform, QR, P2P, bill payment, multi-currency.
Read moreEarly adopter of Myanmar's FAST Payment system, agent-network and merchant routing.
Read moreBanking integration and open API layer for partner and merchant ecosystem expansion.
Read more400K customers, 8K merchants, 70%+ CAGR, Myanmar's digital-payments anchor.
Trusty Pay reached 400,000-plus customers, 8,000-plus merchants, and a 1,000-plus cash counter network nationwide. The platform processes 12 million-plus transactions per year with 70 percent-plus compound annual growth rate sustained across the multi-year window. Coverage spans urban and rural regions across Myanmar through the agent-network model, the reference for cloud-native payment institutions in frontier markets.
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Read the engagementTell us about your frontier-market payments track.
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