Global Treasure Bank swims into private sector competition

Global Treasure Bank plunged into more than a new name in 2013, when it shed its former identity as the state-owned Myanmar Livestock and Fisheries Development Bank and began building itself as a private-sector bank. Still, re-orienting from being a state-run bank under the Ministry of Livestock, Fisheries and Rural Development to one that is […]

Growth for digital cash

Central Bank officials are urging more commercial banks to take up electronic banking. A number of institutions including Co-operative, Ayeyarwady, Innwa and Myawaddy have formally launched banking via computers or mobiles so far in 2014, and more banks should do the same, said a senior Central Bank of Myanmar official. Rules governing bank-led mobile banking […]

Unreliable networks stem cash flow at Myanmar’s ATMs

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 […]