Western Union to operate in Myanmar
- Published: 13 Dec 2012 at 17.42
- Online news: Asia
Western Union has signed a deal to conduct person-to-person money transfers through Co-operative Bank of Myanmar, one of the last nations on Earth which restricted the US money-transfer company.
“Western Union has just signed an agreement with CB Bank for money transfers to begin (Friday) Dec 14,” Phey Myint, CB Bank’s Managing Director told Mizzima.
Using Western Union’s bureau in Singapore as a conduit for all international transfers, money can now be transferred from Myanmar to foreign countries, and vice versa, he said.
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