»»Visa Credit Card To Enter Myanmar

With a workshop held in Yangon, attended by a number of the Myanmar’s leading banks, Visa has announced it is entering the market of Myanmar.
The event is the first of a series of training workshops planned by the credit card company aiming to prepare local banks for the introduction of electronic payments.

Myanmar will be hosting major events such as Southeast Asian Games and World Economic Forum on East Asia next year.

That means the country will be preparing for the influx of international visitors attending these events, as well as of business people planning trips to Myanmar as a consequence of the relaxation of international sanctions. The easing of the sanctions, from the European Union and the United States, will encourage companies and citizens from these regions, to directly invest in Myanmar.

Visa’s workshops are a first step on a path to upgrading the Myanmar’s banking facilities to accept and issue international payment cards.

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