Myanmar’s private lender Cooperative Bank is planning to introduce prepaid debit cards following the receipt of clearance from the Central Bank of Myanmar. A senior central bank officer was quoted by the Irrawaddy as saying that the card, which will be accepted domestically as well as internationally, will be issued to consumers from 1 October this year. Dubbed as "Easi Travel" prepaid card, it will be launched in collaboration with US-based global technology company MasterCard, the bank said. Following launch of the prepaid debit card, which has already been checked at banks in Thailand, Singapore, China and the UK, the CB Bank will be the first lender in Myanmar to issue the cards. Furthermore, the bank is also planning to debut a similar Visa-branded card, following the current roll out with MasterCard. It is believed that the prepaid card will be provided in one-time-use and reloadable versions, which will be exclusively available to CB Bank account holders.
Posted on: Fri, 27 Sep 2013 13:09:53 +0000
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