MPT Money Teams Up with Myanmar Agricultural Development Bank for Digital Loan Disbursement

MPT Money has teamed up with Myanma Agricultural Development Bank (MADB) to support the Monsoon Agricultural Loan Program at MADB Pathein Gyi Township Branch by providing loan disbursement service through MPT Money utilizing MPT Money agents, without any fees and changes for the farmers.

This project is the pilot project between MPT Money and MADB for the disbursement of loans without any fees or charges and this program to continue in the future with more expansion to nationwide locations. Photo Source https://mptmoney.com.mm/news_detail/103

Agriculture is a predominant industry of Myanmar’s economy and a large portion of Myanmar farmers depend on bank loans to fund their seasonal farming activities. Each year, MABD disburses a large volume of short-term loans to farmers.

“MPT Money, as the fastest growing mobile financial services platform and we are proud to partner with Myanma Agricultural Development Bank to support Myanmar farmers in the disbursement of Monsoon agricultural loans. With MPT Money, the disbursement of seasonal loans by MADB has now entered the digital era!”, said U Khin Maung Myint, Managing Director of MPT Money. Photo Source https://mptmoney.com.mm/news_detail/103

“We believe that by partnering with MPT Money, we can provide convenient and effective financial service for farmers during the COVID-19 period as we can avoid over-crowding at our branch. It is a well trusted digital money service and farmers can receive their loan disbursement monies faster than cashing out at the branch,” explained U Tun Tun Oo, Regional Manager, Pathein Gyi Township.

MABD is the largest financial institution serving the agriculture sector in Myanmar. Surging use of MPT Money is now driving a cashless revolution also in rural areas and trying to provide this service to the other branches of MADB Bank.

Photo Source https://mptmoney.com.mm/news_detail/103

MPT Money application is can be used over any mobile network. Customers can download MPT Money Application from http://bit.ly/MPTMoneyAndroid (for Android users) and from http://bit.ly/MPTMoney_iOS (for iOS users) and start enjoying the exciting benefits Digital Payment Services has to offer.