Signing for MytelPay CB MasterCard issuance between MytelPay and CB Bank
The issuance of MytelPay CB MasterCard, a sort of Credit Card, is signed between MytelPay, a transaction service, and Co-operative Bank Limited (CB Bank) on December 3, 2020.
The cooperation of MytelPay with CB Bank is a prominent milestone between two groups and it will become the very first Co-brand card payment system of Mobile Financial Service account along with Bank card in Myanmar. 
Photo Source https://web.facebook.com/MytelPayOfficial
The signing ceremony was held at Mytel head office, Yangon and Mr. Hoàng Trung Thanh, Executive officer of Mytel Wallet International Myanmar Co., Ltd and U Zayar Aung, Director of the Card Department at CB Bank with the inclusion of the responsibilities from two groups attended the ceremony.
MytelPay with CB Master Card is being introduced soon and it will be served for convenient payment at thousands of restaurants and supermarkets as well as online shopping abroad.
“We are delighted to cooperate with CB Bank and Mastercard for the latest innovation of the cashless payment system with Bank card in Myanmar. The comfortable payment will be available at such almost places as restaurants, supermarkets, and online shopping for both local and abroad in the very near future. I am sure MytelPay CB MasterCard, the compatibility of MytelPay with CB Bank and MasterCard will get better in the future digital payment of Myanmar and it will also be a great system that supports all-inclusive financial programs. Apart from the excellent modernized payment system, MytelPay always makes attempts to render the greatest services to our customers” said Mr. Hoàng Trung Thanh from MytelPay. Photo Source https://web.facebook.com/MytelPayOfficial
“It’s a big achievement for CB Bank to work together with MytelPay, the most convenient and secure transaction service in Myanmar. As technology is in charge of this 21st century, banks need to make more cooperation. Along with this cooperation, we do hope that MytelPay and CB Bank will make more partnerships in finance, banking, and mobile payment service for the users. MytelPay CB Master Cardholders can serve cashless payment for online shopping and shop at supermarkets with ease and comfort. We believe that we will make more collaboration with MytelPay” said U Zayar Aung, director of the Card department at CB Bank.
MytelPay users can register MytelPay CB Master Card through the MytelPay app and the limited usage of this Card is set with the time depending on MytelPay Wallet Balance. Therefore, MytelPay CB Master Card is able to be used at any ATM, POS, and e-commerce where Master Card is available. With more than 25,000 sales representatives, MytelPay was introduced on June 9, 2019, and it is offering services to users across Myanmar.
