Maybank in landmark deal with four Myanmar banks for remittance services

mme-signing

26 Jan Maybank in landmark deal with four Myanmar banks for remittance services

20 March 2012

Maybank created another milestone today when it became the first local bank to sign-up with four banks from Myanmar simultaneously to introduce Maybank Money Express (MME) service to the country. This new MME service opens a new channel for workers from Myanmar in Malaysia to remit funds back home.

The signing ceremony was between Maybank and Asia Green Development Bank (AGD Bank), Co-operative Bank Limited (CB Bank), Ayeryarwady Bank Limited and Kanbawza Bank Limited. The new service will see remittance transactions from Malaysia into Myanmar via an electronic platform through Maybank branches and forex booths, to the respective banks in Myanmar.