Western Union Begins International Money Transfers in Burma
13 December 2012
American financial services company Western Union has signed a deal with Burma’s Co-operative Bank (CB Bank) that allows customers to make international person-to-person money transfers, Mizzima reports. “Western Union has just signed an agreement with CB Bank for money transfers to begin on December 14,” Phey Myint, CB Bank’s Managing Director told Mizzima. Following the agreement, money can be transferred from inside Burma to foreign countries and vice versa, he said, adding that Western Union’s Singapore office would function as a conduit for all international transfers.