banking system in Myanmar has been moving forward from the traditional cashbased settlement to electric-based settlement. However, a domestic retail funds transfer system corresponding to Zengin-Net in Japan isn’t existing in Myanmar, so the development of small payment system hasn’t caught up with the current retail banking improvement. The second point is the transformation of overseas movement. Typical case is “Progress Report on Establishing a Regional Settlement Intermediary and Next Steps: Implementing Central Securities Depository-Real-Time Gross Settlement Linkages in ASEAN+3” released by ASEAN+3 CSIF (Cross-Border Settlement Infrastructure Forum). This report shows a roadmap and time schedule for the development of cross-border settlement infrastructure within the region. CBM may also be required to go along with the roadmap, for example, adapting ISO20022, developing CDS-RTGS link and connecting with other central banking systems. The third point is the movement of upgrading CBS by commercial banks in Myanmar. Commercial banks have introduced packaged core banking software and improved the efficiency and autonomy of their business process. On the other hand, as CBMNET isn’t connected to CBSs of commercial banks, STP (straight through processing) between CBM-NET and commercial bank’s systems isn’t currently applicable, thus it may lead to less transaction volumes than expected. The fourth point is the movement of upgrading central bank payment/settlement systems in foreign countries. One example is liquidity saving facilities (LSF) that allow banks to settle transactions with low liquidity. LSF has been introduced mainly among developed countries which have large transaction volume (Japan: 2008, Korea: 2009, UK: 2013). Other requirements from CBM such as warehouse function of forward dating transactions and 24-hour operation seem to be in the same context. The fifth point is the further requirement of promoting efficiency and BPR (business process re-engineering) of CBM internal operations. Introduction of CBM-NET and accounting system enable CBM staff to transform their operations from manualbased into system-based. However, automatic data linkage between CBM-NET and accounting system hasn’t been implemented yet, and the data transfer is conducted manually. Implementing automatic data linkage may have beneficial effect on the 9