Thursday, 20 December 2012

VISA card under test run

Myanmar’s Cooperative Bank (CB) is the only bank allowed to test the VISA card before other local banks can start providing the service.

“VISA use started on December 12. Now the card is under test run and users can try using them with two ATMs at CB Bank and two more at the airport. The service charge is 5,000 kyats,” Pe Myint, managing director of CB bank, said.


Visa service is also provided by two other banks--Kanbawza Bank and Myanmar Economic Bank—and more banks will be using the service in the future. Plans are underway to have the service available via ATMs of Myanmar banks and hotels and tourist spots.

A VISA card company announced that the company will also be launching a Mobile Point of Sales system.

VISA is a global payment technology company and its system has been used in 200 countries.

Other similar services in Myanmar are provided by Japan Credit Bureau, UnionPay, and MasterCard.
 
source: Eleven Myanmar

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