Private banks impose extra charge on international money transfers

YANGON—Several of Myanmar private banks are charging nearly Ks 15 (US$0.015) per US dollar on international money transfers in addition to the transfer service fee, raising concerns among the local business people. “I usually work with my export earnings deposited in United Amara Bank, Asia Green Development Bank and Kanbawza Bank, especially for importing cars,” […]

MoneyGram extends international money transfer to Myanmar

MoneyGram International, Inc. has tied up with Asia Green Development (AGD) bank to facilitate international money-transfer in Myanmar. US based MoneyGram is a leading global money transfer company providing services in 79 countries. According to AGD bank Chairman Than Yi, Myanmar customers can now receive money from around the world at AGD bank branches. In […]