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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
In dirt-poor Myanmar, smartphones are transforming finance
One customer, who walks in wearing a long red longyi and delicately beaded top, says she was at first nervous about Wave. A clothesmaker, she now sends earnings through it twice a month at a cost of 500 kyat ($0.37) a go. She says Wave’s appeal is its “convenience”.
Source: In dirt-poor Myanmar, smartphones are transforming finance
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