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CB Bank, Telenor launch new Visa card

Telenor Myanmar, CB Bank and Visa last week launched a new CB-Telenor Visa card in Myanmar, days after the Central Bank of Myanmar on April 24 raised annual credit card interest rates to 20pc from 13pc to put a lid on runaway credit card debt. Nevertheless, the companies believe this will appeal to a growing […]

Kargo: Technology Solving the Highway to Logistics Hell

By Ben Roache Coordinating the logistics of trucking goods around Myanmar should be a nightmare. And for foreign firms, or even new companies, it is. Unsurprisingly, this industry is highly inefficient, outdated, and unorganised, plagued with many of the same issues that face other industries in the country, such difficulties in credit and finance, communications, […]

Visa Profits up on Better Use of Its Credit Cards

Visa Inc beat Wall Street’s quarterly profit expectations when it released financial results on October 25 as more people made payments using its world-wide network, which includes Myanmar. Visa’s payment volumes rose 9.8 percent to $1.93 trillion with the US accounting for about 43 pc of that total. For the quarter ended September 30, net […]

Red Dot Payment raises series A round to bring payment solution to Myanmar

With ecommerce on the rise in Asia, it is only natural that payment solutions will soon follow suit in order to keep up. It therefore comes as no surprise that Red Dot Payment, a Singapore-based online payment processing company with a focus on Southeast Asia, has announced that they have secured series A funding “in […]

Myanmar makes progress in int’l payment card launching

Consult-Myanmar welcome you to the 27th SEA Games Myanmar, 11-22 Dec 2013 Myanmar launched Easi Travel Master Card Monday to facilitate its citizens traveling abroad in payment and the first ever event signified the progress of its banking industry. The Easi Travel Master Card was launched by the private-run Cooperative Bank (CB) with the cooperation […]

JCB Credit to be launched in Myanmar in September

Japan Credit Bureau (JCB) signed a deal with Myanmar Payment Union (MPU) in Yangon on Thursday last week to launch its credit card in the country. The agreement includes withdrawing cash from the automatic tellers machines (ATM) with JCB cards starting from September this year. The signing ceremony of Master License Agreement for Acquiring Business […]