Visa has started to involve partnership with Myanmar by introducing the electronic payment. Chains of seminar, training and workshops have been undertaken by a selected group of local banks in response to the country’s move for social and economic changes.
The Visa Card Partner Workshop held in Yangon was joined by representatives of leading banks in the country. Visa has subjectively discussed the main objective in a two- day seminar. Initially, he stressed the important needs and the necessary guidelines to create a payment system for the country, The Nations report said.
Peter Maher, Visa Group Country Manager, Southeast Asia and Australasia said that requirement in providing the ATM network is vital and for foreign visitors arriving in Myanmar for holiday trips, journey and business transactions, the point-of-sale terminals will be given priorities.
With the increased in tourists and foreign people all over the country, hotels and inns are fully occupied. Passengers in airport have also marked an increase and this is the reason why there is a need to be linked to the global economy to open up the market sector of this kind.
This is also timely for all the unexpected inflow of visitors and tourists who will witness the biggest event next year, the Southeast Asian Games in which Burma will be the host country and the regional World Economic Forum wherein payment cards are likely to be used.
People from all walks of life, from tourists to business individuals are waiting for the Visa programme since there are a lot of benefits aside from the security, the convenience it can provide to all end- users. This will also open the opportunity for the country to come up with electronic payments.
Visa Country Manager, Somboon Krobteeranon emphasized that the seminar workshop is a one step forward in the introduction of a dependable accessibility towards attaining a successful global economy. With Myanmar, they are very enthusiastic in keeping up with the international standards and the various banks in the country are excited to start up with these electronic payments to access easy service to all the people, according to The Nation’s report.
Payments done thru electronic will help heighten the business and tourism sectors in terms of development and growth in its economy.