Buy, sell and redeem gold with the tap of a finger

uabpay Digital Gold Platform is the first-of-its-kind product in Myanmar’s online gold investment space and aiming to provide the best experience to our valued uabpay users, who can easily buy or sell gold via uabpay in a secure, convenient, and transparent manner, as described below.
  • You can invest, buy, and sell gold starting at 1 Yway
  • You can buy and sell via digital payment at the same time.
  • You can check and compare purchased gold with updated market price with real-time visibility in dashboard.
  • You can withdraw physical gold starting at one tical.

Instructions

FAQs

For Gold buying,

  • Open uabpay app and navigate to the Gold Investment Feature.
  • Go to the Gold dashboard and select “Buy”.
  • Select the amount of gold you would like to buy, starting with one Yway.
  • Select the payment method.
  • Check Terms & Conditions, then click and “Buy” if you agree.

For Gold Selling,

  • Open uabpay app and navigate to the Gold Investment Feature.
  • Go to the Gold dashboard and select ‘Sell’.
  • Select from the amount of gold you want to sell back, starting with one Yway.
  • Select the payment method.
  • Check Terms & Conditions, then click and “Sell” if you agree.
  • Click the Confirm button to confirm the gold selling and wait for a few moments to avoid the user accidentally clicking buy and sell until they receive the success transaction mail from the Gold Shop side.

For Gold Redeem,

  • Open uabpay app and navigate to the Gold Investment Feature.
  • Click the Gold Balance and go to Redeem under My Gold Profile.
  • Go to redeem gold bar and select the types of gold you would like to redeem. You must have minimum of 1 tical for BaThan gold bar and minimum of 10 tical for Academy gold bar.
  • After checking and confirming Terms & Conditions, select Redeem Request button.
  • The gold shop will approve the pending request within hours and which you can see in Pending transactions tab.
  • Once the redeem is confirmed, you can either call the gold shop or use the uabpay maps to find the nearest Shwe Bon Tha shop to redeem.
  • When you arrive, please click the Generate QR button and show the QR code or the Reference ID displayed on the Notification page.
  • After the Gold Shop scans the QR code, you may receive an OTP (One Time Password) that you can use to withdraw the Physical Gold Bar.
  • After withdrawing the physical gold at Gold Shop, you will see the redeem completed screen in your uabpay app and you can check your gold balance in My Gold Profile.
We have partnered with the Shwe Bon Thar gold group, and physical gold can only be redeemed at Shwe Bon Thar gold shops in Yangon and Mandalay that are registered in the uabpay app.
The additional amount is charged to cover the handling fees of the gold shop and is paid when you buy Gold and refunded when you sell Gold. You can confirm the Buy/Sell price in uabpay app by checking the final price, including the handling fee.
You can redeem Ba Than gold for one tical, and Academy for ten ticals from our gold partner shop, Shwe Bon Tha Gold Shop.
Our gold prices are in line with the current market rates, and you can track the daily, weekly, and monthly fluctuations on our gold dashboard in the uabpay app.
No charges nor fees will be required when you redeem physical gold.
The user account must be Full KYC, which means it must be registered with all relevant information. This feature is available only to Full KYC users.

You can see the current market price in uabpay app, gold investment graph.

The minimum transaction amount is one yway of gold.
As the wallet limit is 100 lakhs per day, the maximum transaction amount per day would be 100 lakhs.
No. You can get gold certificate as free of charge for the purchase of Gold you buy.

Some of the risks in gold products are as below and buyers must understand that:

  • The gold market can be volatile and subject to both downward and upward price changes.
  • Losses can incur from the investment including the loss of your principal investment
  • Investment in gold provides no dividend yield or interest payments.
  • Over the period of your investment, prices would have to rise sufficiently to yield a profit on sale.