Myanmar banks offer international credit cards

• Jun 23, 2016

Myanmar banks offer international credit cards

THURSDAY, 23 JUNE 2016 – In a boon for holiday shoppers, Myanmar banks are starting to offer customers international credit cards for the first time. The country has only recently returned to true credit cards, which disappeared in the wake of the 2003 banking crisis.

At the start of this year some 2 million “credit cards” had been issued, but most operated like debit cards – some require funds in an account and others require pre-payment.

But this year has seen the return of true credit cards that allow customers make purchase with no funds or collateral necessary.

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