ATOM and KBZ Bank Forge Strategic Partnership to Expand Access to Digital Financial Services Nationwide
ATOM, Myanmar’s leading 4.5G VoLTE telecom provider, and KBZ Bank, Myanmar’s largest privately-owned bank, have signed a Memorandum of Understanding (MOU) to explore a strategic partnership delivering inclusive digital financial services across Myanmar, including remote and underserved areas.
Under a shared mission to make financial services more secure, convenient and achieve 100% financial inclusion, ATOM enters this strategic collaboration with KBZ Bank, a leading fintech and banking institution. This collaboration combines ATOM’s advanced and innovative telecommunications services with KBZ Bank’s financial expertise to jointly explore possible digital remittance opportunities including mobile wallets, digital payment solutions, micro-credit products and accessibility of telecom products and services to targeted population.
“Leveraging our nationwide mobile network and digital infrastructure, we see immense potential in strengthening ATOM’s ongoing products and services and expanding access to integrated financial services for communities across Myanmar, particularly in the remote and underserved areas. This strategic collaboration with KBZ Bank reflects our shared commitment to enhance financial inclusion and mobile-enabled financial solutions that empower individuals and uplift entire communities,” said Mr. Ahmad Abdallah, CEO of ATOM.
Through ATOM applications, customers can easily make payment using KBZPay while co-branded offerings such as credit cards, micro loans, e-commerce solutions, other innovative financial services and customer loyalty benefits will also be given for various customer and user segments. Both organizations will jointly design, deploy and promote the services that support financial inclusion, expand market reach and comply with industry standards and regulations.
U Zaw Lin Aung, CEO of KBZ Bank, speaking at the signing ceremony, added: “We are proud to collaborate with ATOM in accelerating Myanmar’s financial inclusion roadmap. This partnership aligns perfectly with our mission to achieve 100% Financial Inclusion in Myanmar. Our purpose is to improve the socio-economic life of people in Myanmar through banking services, we want to give communities and businesses access to opportunities and a better quality of life in Myanmar by increasing access to financial products and services, thereby giving communities and businesses access to opportunities and a better quality of life. Together, we are going to unlock the best digital financial services that are beneficial for Myanmar community. By creating innovative, user-friendly solutions, we’ll expand access to secure, inclusive, and affordable financial services—supporting better livelihoods and economic growth.”
In today’s evolving financial landscape, integrating telecommunications and banking offers strong potential to enhance financial inclusion, improve service delivery, and expand market reach. The strategic partnership between ATOM and KBZ Bank reflects a shared vision for a Beyond Better Digital Future of Myanmar uplifting individuals, supporting livelihoods, and enhancing inclusive, long-term development across Myanmar. The two industry leaders aim to pursue impactful initiatives that bring meaningful value to customers and communities.
