Myanmar banks offer international credit cards

In a boon for holiday shoppers, Myanmar banks are starting to offer customers international credit cards for the first time. The country has only recently returned to true credit cards, which disappeared in the wake of the 2003 banking crisis. At the start of this year some 2 million “credit cards” had been issued, but most operated […]

KBZ Eyes Niche Market with Credit Card

Local lender KBZ Bank has launched Myanmar’s first credit card recently, eyeing to tap into big businesses and high-income individuals’ needs for credit card in the country. Launched late last month, there were 500 applicants at the beginning, which has grown in its first week to 600, according to KBZ officials. U Nyo Myint, managing […]

KBZ with first domestic credit cards in a decade

KBZ is set to issue the first true credit cards in over a decade, as the bank claims the Central Bank of Myanmar has given its permission to begin the service, according to a press release yesterday. Credit cards can be used across the country at ATM machines and restaurants with point of sale terminals. […]