Western Union expands service to Myanmar

Western Union expands service to Myanmar

Western Union, a leader in global payment services has launched Western Union Money Transfer Services at six banks in Myanmar, for the first time allowing citizens and residents to receive international money remittances from more than 200 countries and territories in minutes.

In addition to the six banks, Kanbawza Bank, the largest private bank in Myanmar with over 90 locations nationwide has signed with Western Union.

According to a press release, a combined network of more than 150 locations representing the Cooperative Bank, First Private Bank, Myanma Apex Bank, Myanmar Livestock and Fisheries Development Bank, Myanmar Oriental Bank and United Amara Bank are now connected to Western Union's global network of over 500,000 Agent locations.

Kanbawza's agreement will further expand the Western Union Agent Network to nearly 250 locations in the coming month. Western Union is the first global money transfer operator to sign seven banks after sanctions were eased last year.

“We welcome our first seven Bank Agents into the Western Union family. Together, we are delighted to move money into Myanmar allowing its people to access remittances with speed, reliability and convenience,” said Managing Director and Senior Vice President, Western Union, Asia Pacific, Drina Yue.

vientiane times