Yangon-based Myanmar Payment Union (“MPU”), the national payment network of the Republic of the Union of Myanmar has inked a deal for MPU member banks in Myanmar to issue MPU/JCB co-branded cards linking to their customers’ saving bank accounts.
MPU, the only payment network in Myanmar, consists of 21 banks with the aim to construct a cashless electronic retail payment environment. By adding JCB payment services on its network, MPU and its member banks will offer their customers card payment services at JCB’s acceptance network of 27 million locations in 190 countries and territories.
MPU/JCB co-branded cards will be issued with J/Smart, JCB’s EMV compliant chip program, to facilitate secure payment transactions in Myanmar.
MPU and JCBI have been developing their partnership since 2013, and are committed to expanding JCB card acceptance in Myanmar. Now JCB cards are accepted at most card accepting locations in the region through MPU network.
MPU was founded by the Central Bank of Myanmar, and JCB International, the international operations subsidiary of JCB.
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