- Thriving Myanmar-Thai border trade faces warehouse shortage
- Thilawa Economic Zone’s 70,000 acres to be farmed
- Myanmar’s Oversea Employment Agencies Federation opens office in Thailand
- Commerce ministry to use its lands for necessity
- Nepalese Airlines to launch nonstop flight service to Yangon
- Buses remain least among 90,000 vehicles registered
- Korean firm to conduct feasibility study on water supplying projects in Yangon
- Credit Information Bureau to be formed
- ASEAN Economic Community Workshop held in Myanmar
- Vietnam-Myanmar economic seminar in Yangon
Published on Tuesday, 25 December 2012 14:45
Visa cards can now be used in Myanmar, according to an official from a commercial private bank in the country.
Managing Director Phay Myint from Co-operative Bank, known as CB Bank, said at a press conference on December 21 that the cards can be used at the bank and Kanbawza Bank, another commercial private bank.
An initial launch on December 12 made the card service available at ATMs at the airport and bank branches. This time, debit and credit cards can be used to withdraw cash from 45 ATMs, out of 55 installed by the CB.
The US-based financial-services giant signed licensing agreements with three local banks, Kanbawza Bank Ltd., Myanmar Oriental Bank Ltd. and Co-Operative Bank Ltd., following an announcement in August that it will start training workshops for banks in the country.
Visa Inc. is an American multinational financial services corporation headquartered in the United States. Visa and debit cards are widely used in more than 170 countries around the world.