CB Bank launched CB Card+ mobile application for CB Bank card customers. The customers can view Card information as well as use the app to make payments at any stores which accept Visa contactless payments if their phones have NFC capabilities. CB Card+ application can be downloaded online at...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Internal Revenue Department urged taxpayers to pay tax using e-payment methods instead of paying taxes in person. It has been working with m-Banking, e-Banking, i-Banking, and mobile payment services to enable taxpayers to make the tax payment easily while staying safe by avoiding crowds. To pay tax, users need...
The Department of Trade under the Ministry of Commerce announced that it has stopped issuing import permits for vehicle imports starting from October 1st aiming to reduce foreign currency needs as the country's economy is stalling and export has dropped. According to the announcement, the junta will stop issuing permits...
Prudential Myanmar Life Insurance Limited (Prudential Myanmar) has introduced PRUHealth, a health insurance to combine financial protection, illness prevention, and wellness improvement. PRUHealth also offers additional insurance coverage to safeguard customers during the COVID-19 pandemic. “PRUHealth is the first health insurance solution of its type in Myanmar and is designed...
The skyrocketing gold price in Myanmar today has dropped by around K200,000 per tical within hours after reaching over MMK2.2 million in the morning before dropping to K2 million in the afternoon before the local gold market is closed. A tical of gold is equivalent to 16.32 grams or...
Written by Min Thu Aung Before Myanmar gained independence in 1948, there were 110 insurance companies in the country and only two of them were locally owned. The number had dwindled to 74 (four being locally owned) before 1963, the year the country nationalized private companies resulting in an insurance...
Ei Thandar Tun/Myanmar Business Today AIA Myanmar has struck a partnership agreement with AYA Financial Group and Max Myanmar Group (AFG-MAX), under which AIA Myanmar will serve as the exclusive provider of life, health and wellness products and services to AFG-MAX’s retail customer and business partner ecosystem. AIA Myanmar is one...
Central Bank of Myanmar has now allowed Authorized Dealer license holding banks and non-bank financial institutions to buy and sell Chinese yuan and Japan Yen, according to the notice issued on October 12. It has already allowed the US dollar, Euro, Singapore Dollar, Baht, and Ringgit to be traded in...
Tin Mg Oo/Myanmar Business Today Looking to diversify its investment portfolio, IKBZ Insurance has signed up to KyoPay’s invoice discounting platform to do a series of pilot transactions with vetted account receivables from local and foreign businesses in Yangon. During the first stage of the pilot phase, IKBZ will be purchasing...
Myo Sandar/Myanmar Business Today Travel booking platform FlyMya.com has entered a partnership with mobile financial service provider Wavepay to offer easy and secure travel payments. The two companies signed a memorandum of understanding on November 28. The mobile wallet option provided by the partnership will enable travelers to enjoy FlyMya travel...