Bank account holders will be able to use their ATM cards as prepaid cards under the Yangon Payment Services (YPS) scheme, said Yangon Chief Minister U Phyo Min Thein.
Source: MPU cards, Visa and MasterCard credit cards to be enabled under YPS
mpu
Interbank cash transfers available with single ATM card next year
Interbank cash remittance services will be available by early next year. Photo: Aungmyin Yezaw
To link up all the banks on the MPU network, the necessary infrastructure needed was software, which MPU purchased from China. The software is now being replaced by a one developed in the US and this caused delays. The installation of the new software will now be completed in December 2017 before launching in early 2018, U Mya Than said.
via Interbank cash transfers available with single ATM card next year | The Myanmar Times
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