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Burma’s Cashless Economy Takes Further Strides

5 July 2013

Major international credit cards companies are steadily expanding their presence in Burma, with reports this week that Japanese credit-card issuer JCB International (JCBI) has entered the local market and MasterCard customers now have access to 140 ATMs in the country. According to Asian News International, JCBI has entered into an agreement with the Myanmar Payment Union that will enable it to start offering its services in the country beginning this autumn. Meanwhile, MasterCard, which been operating in Burma for less than a year, has signed a deal with Kanbawza Bank that will add its 55 ATMs to the number that can now handle transactions using the company’s cards, Travel Daily News reported on Friday.