In an efforts to modernize its banking sector, the Central Bank of Myanmar has made the following announcements on 7th November 2019: ANNOUNCEMENT New round of Foreign Bank Licensing in the Republic of the Union of Myanmar Over the past years the Central Bank of Myanmar has initiated a process to open the domestic […]
Myanmar Central Bank on the verge of opening up the whole banking sector to foreign investors
November 8, 2019 by
Can mobile banking overcome Myanmar’s trust issues?
November 6, 2018 by
It is 5pm on a Wednesday and Yangon’s streets are at a near standstill. Sunset comes early to this city of 7.36 million. Thankfully, since it is winter, the weather is cooler and drier than the rest of the year. So as dusk descends over some of the unruliest traffic in Asia – there are […]
Myanmar’s United Amara to issue 15,000 Visa cards in 4 months
September 22, 2017 by
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 […]
Strengthening Myanmar’s banking sector is key to economic growth
August 31, 2017 by
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. […]
Myanmar: The New Hotbed for Satellite
May 4, 2017 by
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 […]
Unreliable networks stem cash flow at Myanmar’s ATMs
July 18, 2014 by
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 […]
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