Myanmar’s Kanbawza Bank joins Western Union network

westernunion

Expanding its service offering

The Western Union Company has announced the launch of its services in 13 of Myanmar’s 14 states and divisions, with the addition of 100 branches at Kanbawza Bank (KBZ Bank).

The payment company introduced its money transfer services at six bank agents in January this year, allowing consumers from 74 countries to send money in Myanmar.

According to KBZ Bank’s international managing director U Nyo Myint, many of its customers depend on their overseas family and friend for regular financial support. As a private retail bank with a large customer base in Myanmar, it is best suited to provide an essential service as a vital link between the country’s citizens at home and overseas, the banks said.

In 2012, Western Union completed 231 million consumer-to-consumer transactions globally. 

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