Western Union begins international money transfers in Burma
American financial services company Western Union has signed a deal with Burma’s Co-operative Bank (CB Bank). It allows customers to make international person-to-person money transfers in Burma, Mizzima reports.
“Western Union has just signed an agreement with CB Bank for money transfers to begin on December 14,” Phey Myint, CB Bank’s Managing Director told Mizzima. Following the agreement, money can be transferred from inside Burma to foreign countries and vice versa. He said, adding that Western Union’s Singapore office would function as a conduit for all international transfers.
Source: The Irrawaddy, dec 13, 2012