Myanmar Payment Union Forms Public Company

RANGOON — Burma’s sole domestic provider of card-based payments, Myanmar Payment Union, has formed a public company comprised of its 23 member banks, according to the organization’s chief executive officer Zaw Lin Htut. Myanmar Payment Union (MPU) had planned to form a public company in 2014 and Burma’s Directorate of Investment and Companies Administration gave […]

Indian Agri Logistics Group Ties Up with United Amara Bank for Collateral Financing

Indian agri logistics and warehousing company SLCM Ltd, a wholly-owned subsidiary of Sohan Lal Commodity Management Group, has signed a memorandum of agreement with local lender United Amara Bank (UAB) for collateral financing in Myanmar. The move is aimed at strengthening the network for providing collateral management solutions to farmers, processors, traders, exporters and importers […]