KBZ Bank, Myanmar’s largest privately-owned bank, alongside its mobile payments platform KBZPay, has been recognized for excellence within the banking and mobile payments industry at the 15th Asian Banking and Finance (ABF) Retail Banking Awards and the 9th ABF Wholesale Banking Awards announced on 16 July 2020. To honor its dedication to driving financial inclusion … Read more
Across Myanmar, people from all walks of life are now using phones to manage their finances, buy goods in shops, and pay bills and transfer money to loved ones. Before the introduction of mobile money, such basic tasks were prohibitively time-consuming. Coupled with Myanmar’s limited banking infrastructure, this left many millions outside the reach of … Read more
All holders of Myanmar Payment Union (MPU) debit cards that are registered to be used for e-commerce can now perform instant cash-in transactions to their KBZPay mobile wallet. The MPU Cash-In feature is available on the recently launched KBZPay 3.0 app upgrade and allows non-KBZ Bank customers to transfer funds to their KBZPay mobile wallets … Read more
MPT Money has expanded its collaboration with Myanma Agricultural Development Bank (MADB) for digital loan disbursement to farmers. Now, MPT Money agents will support loan disbursement to the farmers in Pathein Gyi, Monywa, Bago, Lashio, and Magwe Townships. A Contract Signing Ceremony between both parties was held during the first week of September 2020 and … Read more
Visa, the world’s leader in digital payments, today revealed that more than half (51 percent) of Myanmar consumers are interested in using zero checkout technology, one of the newest ways for retailers to enable a frictionless shopping experience by allowing consumers to make purchases using sensors or RFID technology, eliminating the need to go through … Read more