MasterCard expands its cards acceptance network in Myanmar

MYANMAR: By end of 2013, more than 500 restaurants, retail outlets and hotels in Myanmar will be able to accept MasterCard payments through Point-of-Sale (POS) terminals under the partnership signed between MasterCard Worldwide and Co-operative Bank Ltd (CB Bank).

To further expand its international payments network in the country, MasterCard Worldwide recently also signed agreements with Kanbawza Bank Ltd (KBZ Bank) and United Amara Bank Ltd (UAB Bank) for the acceptance and issuance of MasterCard in Myanmar. KBZ Bank has the largest branch network in Myanmar and operates 46 ATMs across Myanmar at convenient locations such as supermarkets, airports, shopping centers and clinics.

Author: VSDaily Editor

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