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 […]
Singapore Firm Acquires Stake in Myanmar Payment Company
November 3, 2015 by
Singapore-based payments firm fastacash has made a strategic investment in Myanmar-focused payments company, MyPAY. MyPAY, which is developing a mobile payment system, also has a strategic partnership with local social network MySQUAR, which claims to have 1.5 million user accounts. However, a fastach spokesperson told Myanmar Business Today that the firm “won’t be able to […]
Myanmar’s first electronic bill payment solution launched
June 11, 2015 by
2C2P a leading Southeast Asian (SEA) payment services provider, and Myanmar Payment Union (MPU), the national payment network of the Republic of the Union of Myanmar, have launched Myanmar’s first electronic bill payment solution, easyBills according to a media release on 9 June. 2C2P and MPU are providing a non-cash payment option for prepaid phone […]
MPU, JCB Ink Licence Agreement for EMV Debit Cards in Myanmar
March 20, 2015 by
Myanmar Payment Union (MPU) and JCB International Co, a subsidiary of Japanese credit card company JCB Co Ltd, have signed a licensing deal to issue JCB cards in Myanmar, the firms said. With this agreement, MPU member banks in Myanmar will be able to issue MPU/JCB co-branded cards linking to their customers’ saving bank accounts. […]
Yangon Tax Department Announces Restaurant Crackdown
December 23, 2014 by
YANGON — Yangon Division’s Internal Revenue Department has urged restaurateurs to use official stamps on diner receipts to indicate payment of commercial tax, warning of hefty fines for noncompliant business owners. The pre-purchase system began in Yangon last month, requiring business owners to affix stamps bought from the department to customer receipts in order to […]
Yangon Online Delivers Amazon, eBay And Apple To Myanmar
April 28, 2014 by
The website of the Yangon Online Store resembles an early, very pared-down Amazon or eBay site. The familiar categories of merchandise for sale include books, electronics, computers, sports equipment, health & beauty, clothing, automotive, and Apple products. Look a little closer and you will notice that only a few items have prices listed and that […]
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