Western Union launches Myanmar service

Western Union, the US-based global money transfer service provider, has signed a deal with Myanmar’s Co-operative Bank (CB Bank) to conduct person-to-person money transfers in and out the country.

Using Western Union’s bureau in Singapore for all international transfers, money can now be transferred from Myanmar to foreign countries, and vice versa from international countries to Myanmar, Phey Myint, CB Bank’s Managing Director, was quoted as saying by Myanmar news portal Mizzima.

In September, Western Union signed a contract with Myanmar Oriental Bank to allow remittances through its Myanmar branches, but only payments coming into the country were agreed at that time.

Both Myanmar Oriental Bank and CB Bank have also signed deals with US credit card firms VISA and MasterCard to allow cardholders to make transactions through their respective banks.



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Western Union, the US-based global money transfer service provider, has signed a deal with Myanmar's Co-operative Bank (CB Bank) to conduct person-to-person money transfers in and out the country. Using Western Union’s bureau in Singapore for all international transfers, money can now be transferred from Myanmar to foreign countries, and vice versa from international countries to Myanmar, Phey Myint, CB Bank’s Managing Director, was quoted as saying by Myanmar news portal Mizzima. In September, Western Union signed a contract with Myanmar Oriental Bank to allow remittances through its Myanmar branches, but only payments coming into the country were agreed at...

Western Union, the US-based global money transfer service provider, has signed a deal with Myanmar’s Co-operative Bank (CB Bank) to conduct person-to-person money transfers in and out the country.

Using Western Union’s bureau in Singapore for all international transfers, money can now be transferred from Myanmar to foreign countries, and vice versa from international countries to Myanmar, Phey Myint, CB Bank’s Managing Director, was quoted as saying by Myanmar news portal Mizzima.

In September, Western Union signed a contract with Myanmar Oriental Bank to allow remittances through its Myanmar branches, but only payments coming into the country were agreed at that time.

Both Myanmar Oriental Bank and CB Bank have also signed deals with US credit card firms VISA and MasterCard to allow cardholders to make transactions through their respective banks.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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