Only four banks in Myanmar have
submitted mobile banking proposals to the Central Bank, according to an
official at the Central Bank.
“Most of Myanmar banks are not ready for mobile banking,” said the official who asked not to be named.
The four banks that have asked the
Central Bank for permission to offer services via mobile phones are
First Private Bank, Cooperative Bank, Innwa Bank and Myawaddy Bank, he
said.
Myanmar Post and Telecommunication
announced last December that it had the necessary infrastructure to set
up a system that would allow mobile banking within three months.
source: Eleven Myanmar
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