2C2P and MPU launch Myanmar’s first e-commerce payments platform

2C2P, a leading Southeast Asian payment services company, and Myanmar Payment Union (MPU), the national payment network of the Republic of the Union of Myanmar, have developed and implemented Myanmar’s first electronic commerce payments platform. MPU card holders can now – for the first time – search, select and directly pay for online purchases. There […]

Why Gap Is Opening Factories in Myanmar

Apparel retailer Gap (NYSE: GPS ) — the parent company of Old Navy, Gap, Banana Republic, Athleta, and Piperlime — is headed to Myanmar, the country formerly known as Burma. Gap will be the first American retailer to enter the country since the former military nation transitioned into a democracy three years ago. Gap has […]

Banks Wait for Central Bank to Give Go-Ahead to International Cards

Two of Burma’s leading private banks want to begin issuing debit cards that can be used all over the world, but are waiting for the green light to do so from Central Bank, bankers said. Both the Cooperative Bank (CB Bank) and the Asian Green Development (AGD) Bank have teamed up with United States-based bank […]