Two private banks, Ayeyarwady Bank (AYA Bank) in Myanmar and Thailand’s Siam Commercial Bank (SCB) have signed a memorandum of understanding (MOU) to collaborate in the development of cross border payments and fund transfer services between the two countries.This cements an October 2019 agreement between the Central Bank of Myanmar and the Bank of Thailand […]

KBZPay has launched Quick Access Loan, a new short-term financing product, to help its agents and merchants improve their cash flow so they can better serve customers and grow their businesses.With the aim of driving financial inclusion, Quick Access Loans have been made available to all KBZPay Partners, who can access instant credit of K300,000 […]

Western Union has terminated its contract with the Tatmadaw-owned Myawaddy Bank, becoming the latest foreign company to disassociate itself from military-associated companies.Western Union, which provides money transfer services, confirmed with rights group Burma Campaign UK on Tuesday its decision to cut ties with the subsidiary bank of the Union of Myanmar Economic Holdings Ltd (UMEHL), […]