Police Step Up Crack Down on ATM Card Fraud

Local banks are teaming up with the Myanmar Police Force to crack down on il­legal cash withdrawals by counterfeit ATM cards, according to the Criminal Investigation Department (CID) of Naypyidaw. In a steamed effort to stop criminals from de­frauding Myanmar ATMs, police are installing CCTV cameras around cash machines, increasing levels of security, and even […]

KBZ to provide 24-hour service for trade-related payments via MPU

Kanbawza Bank has prepared to offer its around-the-clock service for trade-related payments through Myanmar Payment Union-MPU system, said U Aung Kyaw Myo, Deputy CEO of the KBZ Bank. The announcement for the payment system change came at the workshop on trade transaction payments with Myanmar Payment Union (MPU) system and expanding the fully online licensing […]

Myanmar Payment Union Forms Public Company

RANGOON — Burma’s sole domestic provider of card-based payments, Myanmar Payment Union, has formed a public company comprised of its 23 member banks, according to the organization’s chief executive officer Zaw Lin Htut. Myanmar Payment Union (MPU) had planned to form a public company in 2014 and Burma’s Directorate of Investment and Companies Administration gave […]

Online future for highway bus tickets

The scrum for bus tickets in the lead-up to popular holidays like water festival could soon be a thing of the past, as more companies – and, they hope, customers – head online to make bookings. The country’s increasing interconnectedness, particularly in Yangon, is allowing people to save time they would have spent buying tickets […]