ATMs

Myanmar’s United Amara to issue 15,000 Visa cards in 4 months

September 22, 2017 by Thiha

UNITED Amara Bank (UAB), one of the largest financial institutions in Myanmar, will issue more than 15,000 Visa credit cards by the end of this year, says Christopher Loh, the bank’s chief executive officer and special adviser to the chairman. Loh announced on Tuesday the launch of UAB’s first suite of credit cards with Visa […]

Filed Under: Latest News Tagged With: ATMs, branch network, cashless payments, Christopher Loh, Classic, Electronic Payments, Global Leader, gold, International Airports, merchants, mobile banking service, Platinum, retail banking, special adviser, the bank’s chief executive officer, UAB, United Amara Bank, Visa cards, Visa Country manager Arturo Planell, Visa logos, Visa payWave

Regulatory roadmap needed for banking sector reform

September 13, 2017 by Thiha

Myanmar needs to establish a regulatory roadmap for the banking sector. This will give the local banks more clarity on the progress and timing of upcoming regulations, allowing them to gear up for further reform and growth. “Carrying out regulatory reform at an unmeasured pace can cause trouble,” said Azeem Azimuddin, CFO of Ayeyarwady Bank, […]

Filed Under: Latest News Tagged With: ATMs, Azeem Azimuddin, Bank accounts, Banking Sector, Basel Committee, central bank, CEO of Yoma Bank, CFO of Ayeyarwady Bank, debt capital exchange, foreign equity exchange, Hal Bosher, International Standards, Liquidity Ratio, Local Banks, Microfinance Institutions, Mr Azimuddin, Myanmar Global Investment Forum, Myanmar’s new Financial Institutions Law, Nay Pyi Taw, New Central Bank Law, new Companies Act, new financial regulations, Regulatory roadmap, share prices, the Global Financial Crisis, Yangon Stock Exchange, YSX

Expression of Interest for Consultancy Assignment – Electronic Cash Transfers in Myanmar. Closing Date 22 Sep 2017

September 7, 2017 by thiha

Options assessment for electronic cash transfer delivery, Myanmar Background Social protection is becoming an increasingly important component of both strategic policy development and public expenditure in Myanmar. The government’s increasing investments in social protection are underpinned by the National Social Protection Strategic Plan, approved in December 2014. That Strategic Plan has eight flagships of which […]

Filed Under: Tenders & Awards Tagged With: ATMs, cash cards, digital payment, Dry Zone, Dry Zone Social Protection Project, electronic cash, Electronic Payment, EOI, expression of interest, HelpAge, Ministry of Social Welfare, mobile fund transfers, mobile phone, Relief and Resettlement (MSWRR), Social Protection Policy Project), social protection strategic plan

Strengthening Myanmar’s banking sector is key to economic growth

August 31, 2017 by Thiha

Central to Myanmar’s economic development is the reform of its finance sector and specifically its banking sector. Banks play a fundamental role in the transformation of market economies. Recently the government has enacted a series of laws intended to reform and strengthen its banking institutions to restore investors’ confidence and to make capital more accessible. […]

Filed Under: Latest News Tagged With: Advisory Services, Asia Development Bank, ATMs, banking businesses, banking industry, banking institutions, Banking Sector, Banking Services, card systems, CBM, central bank, China, commodity market, Dollar prices, domestic banking industry, Economic Growth, Executive Director, finance sector, Financial Institutions Law, financial laws, Foreign Banks, foreign currency exchange rates, Foreign Exchange Management Law, foreign exchange rate, foreign investment companies, former deputy-governor of the Central Bank of Myanmar, frontier economy, Global New Light of Myanmar, Interest Rates, international bank branches, international loans, International Monetary Fund, Kanbawza Bank Ltd, Local Banks, long-term loans, low cost apartment, market economies, mobile banking, Monetary System, Myanmar, new Central Bank of Myanmar Law, senior consultant, stock exchange, tax incentive program, technical assistant, U Than Lwin, World Bank

Promise seen for cards in Myanmar’s ranks of unbanked

August 4, 2017 by Thiha

Zayar Aung, head of cards at CB Bank, said Myanmar had enjoyed annual growth in cards usage over the past four years thanks to the growing number of automated teller machines (ATMs). “Four years ago, we only had less than 100 ATMs. Now, there are nearly 3,000 ATMs across the country,” he told the Myanmar […]

Filed Under: Latest News Tagged With: AGD Bank, Asia Green Development Bank, ATMs, Automated Teller Machines, bank account, card holders, Cards, CB Bank, channels, debit cards, digital payments, Digital Services, e-mobile banking, e-wallets, Electronic Payments, Facebook, head of cards and payments, head of cards at CB Bank, Incentives, Internet penetration rate, Kyaw Hlaing Win, Myanmar Banking and Payments Conference, Myanmar’s banking industry, Myanmar’s ranks, newspaper advertisements, skills shortage, smart phone, social networks, the bank’s website, Zayar Aung

Myanmar: The New Hotbed for Satellite

May 4, 2017 by Thiha

The stunning landscape of Myanmar hides a tempestuous past that features its struggle for independence and eventual democracy. In 2010, the country sat on the cusp of massive change when the military junta handed over power. After 48 years of oppressive rule, a metamorphosis is occurring across the country. The daily lives of Myanmar’s 51.4 […]

Filed Under: Latest News Tagged With: 2G, 3G, 4G, Africa, Asia, ATMs, chief executive officer of Burst Myanmar, consumer, country, Daniel Michener, game, Geosynchronous Earth Orbit (GEO), HTS, Information and Communications Technology (ICTs), infrastructure, KDDI, LIRNEasia, market, MNO, mobile banking, mobile phone, Myanmar, Myanmar Posts and Telecommunications (MPT), network, Ooredoo, Operators, Oxford, photo, Provide, Quality of Service (QoS), satellite, SES, Smartphone, telecom, telenor, Thilawa Special Economic Zone (SEZ), Very Small Aperture Terminal (VSAT), video, village

Pea price plunges due to low demand from India

December 1, 2016 by Thiha

With the decreasing demand from India due to a currency upheaval, the price of mung bean plunged by around Ks200,000 per tonne, according to Bayintnaung pea market. India is the largest buyer of various kinds of Myanmar peas. India’s prime minister announced on 8 November that all 500 and 1,000 rupee notes — India’s most […]

Filed Under: Latest News Tagged With: ATMs, Bayintnaung pea market, India, Pea price

Unreliable networks stem cash flow at Myanmar’s ATMs

July 18, 2014 by thiha

Myanmar, one of the final frontiers for the international financial system, now boasts over 2,000 automatic teller machines (ATM) and credit card services provided by global brands such as MasterCard and Visa. Yet in a country where electricity is provided in fits and spurts, and internet connection is difficult to guarantee, online banking and ATM […]

Filed Under: Latest News Tagged With: ATMs, Automatic teller machines, banking, CB, connectivity, cooperative bank, credit card services, electronic banking, infrastructure, Myanmar Post and Telecommunications, netwrok connections, Set Aung, Wai Phyo Aung

Ayeyarwady Bank announces Ks 1 trillion in deposits

July 10, 2014 by thiha

The Ayeyarwady Bank has recorded public deposits amounting to Ks 1 trillion (US$1 billion) since its founding in 2010, according to bank statements. The bank began business three years ago with the opening of its headquarters in Nay Pyi Taw on August 11, 2010. Apart from normal banking procedures, it has become a member of […]

Filed Under: Latest News Tagged With: ATMs, AYA i-Banking, Ayeyarwady Bank, central bank, international bank cards, Nay Pyi Taw, online banking, United Nations Global Compact, visa

Central Bank VP paints picture of hi-tech Myanmar

June 27, 2014 by thiha

Satt Aung, the vice-president of the Central Bank of Myanmar, has painted a rosy picture of the not-too-distant future in a modern Myanmar where mobile banking and electronic transactions will be the norm for shopping, making payments and even paying for taxis. Addressing the Union Parliament on Wednesday on the subject of foreign bank operations […]

Filed Under: Latest News Tagged With: ATMs, banking, Banks, central bank, communication, electronic transactions, Kyat, mobile banking payments, paint, Satt Aung, Vice-President