Written by Admin on November 26, 2013. Posted in Business, News
Cooperatives Bank, one of Myanmar's leading private banks, introduced
mobile banking in the cash-dominated Southeast Asian country, local
newspaper Pyi Myanmar reported.
"We have yet to apply for official permission from the central bank,"
said an unnamed official of the bank.
The same official said the bank's mobile banking system is in trial
period and hasn't experience any errors so far.
The source also said the permission would be granted soon as the bank
has almost got ready the system.
If the central bank approves the mobile banking system, the remittance
could be made through mobile phones.
The central bank is drafting rules and regulations for the mobile banking.
The CB bank owned by Myanmar tycoon Khin Maung Aye is planning to
assign reliable persons in rural areas where the mobile network is not
easily accessible.
http://www.information.myanmaronlinecentre.com/cb-trying-out-mobile-banking-system/
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