Thursday, Mar 5, 2015Thursday, Mar 5, 2015

Myanmar gives green light to foreign credit cards

Published on Oct 19, 2012 12:14 PM

YANGON (AFP) - Myanmar has given approval for the introduction of Visa and other foreign credit cards, whose absence has been a long-standing headache for visitors to the former pariah state.

Visa, MasterCard, China UnionPay and Japan Credit Bureau have been granted permission by the finance ministry to enter the long-closed country, the state-run New Light of Myanmar newspaper announced on Friday.

It did not say when the introduction would take place.

The Post and Telecommunications department and Myanmar Information Technology Co. will handle the technical side of the launch of card services at local banks and ATMs and their usage at hotels and restaurants.

If you are not a subscriber, you can get instant, unlimited access here