Visa Hits Out at Central Bank Regulations

​​ Central bank regulations that bar people with domestically- issued Visa cards from making transactions within Myanmar are hindering the company’s expansion plans, according to a senior executive. Arturo Planell, Visa’s Country Manager for Myanmar, said last week that the regulations were one of the reasons electronic payments have failed to make bigger inroads in […]

A Myanmar bank’s e-wallet scheme to go nationwide

YANGON – Myanmar Apex Bank, the nation’s first bank to offer an e-wallet service, has set its sights on expanding the service across the country in three months, banking on the high mobile phone penetration rate. Managing director Win Min Khine said mobile banking was developed as an agent-based model where customers can open their […]

MasterCard with Myanma Apex Bank launch prepaid card

MasterCard and Myanmar’s Myanma Apex Bank have partnered to launch a prepaid MasterCard the enterpriseinnovation.net website reported on 22 July. The MAB Travel Prepaid MasterCard aims to provide Myanmar customers with an easier way to pay for purchases during their travels or make online purchases. The latest MasterCard survey on Consumer Purchasing Priorities – Travel […]