Onepay this week launched a new mobile interbank platform from which users can transfer money among seven local banks -Asia Green Development Bank (AGD), Ayeyarwady Bank (AYA), CB Bank, KBZ Bank, Myanma Apex Bank (MAB), uab Bank and Yoma Bank – without physically going to any of the bank branches. The service was launched in […]
Microfinance firms to get more support
November 8, 2019 by
Myanmar Apex Bank (MAB) has allocated K57 billion to support selected microfinance companies that lend to small businesses, the bank announced on Wednesday. MAB is now supporting Fullerton Finance Myanmar, Proximity Finance Microfinance, Vision Fund Myanmar, Early Dawn Microfinance, and Pact Global Finance Microfinance Fund. “Microfinance companies play an important role in supporting small businesses […]
MAB launches wealth banking service as competition rises
January 9, 2019 by
Myanmar Apex Bank (MAB) has launched a special wealth banking and rewards programme – MAB Gold Wealth Banking – for high net worth individuals in Myanmar. For now, the platform is targeting those who have the cash to place a minimum fixed deposit of K300 million as potential clients. Interest rates for fixed deposits are […]
Medium-Income Housing Offered on Installment Plan in Mandalay
July 25, 2017 by
The Garden City Apartment Complex will break ground next week with the aim of giving medium-income people the chance to buy a unit, said project director U Zin Min Swe. Civil servants who are currently working will receive a 5 percent discount and all buyers will be linked up with banks that allow interest-free installment […]
Visa Hits Out at Central Bank Regulations
December 19, 2016 by
Central bank regulations that bar people with domestically- issued Visa cards from making transactions within Myanmar are hindering the company’s expansion plans, according to a senior executive. Arturo Planell, Visa’s Country Manager for Myanmar, said last week that the regulations were one of the reasons electronic payments have failed to make bigger inroads in […]
A Myanmar bank’s e-wallet scheme to go nationwide
July 26, 2016 by
YANGON – Myanmar Apex Bank, the nation’s first bank to offer an e-wallet service, has set its sights on expanding the service across the country in three months, banking on the high mobile phone penetration rate. Managing director Win Min Khine said mobile banking was developed as an agent-based model where customers can open their […]
MasterCard with Myanma Apex Bank launch prepaid card
July 24, 2015 by
MasterCard and Myanmar’s Myanma Apex Bank have partnered to launch a prepaid MasterCard the enterpriseinnovation.net website reported on 22 July. The MAB Travel Prepaid MasterCard aims to provide Myanmar customers with an easier way to pay for purchases during their travels or make online purchases. The latest MasterCard survey on Consumer Purchasing Priorities – Travel […]
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