MasterCard Becomes First International Payments Network to License Branded Cards in Myanmar

MasterCard Worldwide (NYSE: MA) is the first international payments network to issue a license to a Myanmar bank, paving the way for branded cards to be issued and accepted in the country for the first time, following a historic agreement signed this month. The license agreement with Myanmar's Co-Operative Bank Limited, one of the most established commercial banks in Myanmar with the largest ATM network in the country, will see the issuing of MasterCard branded cards and the acceptance of MasterCard/ Maestro/ Cirrus cards by ATMs within the country. The agreement also enables merchants in Myanmar to accept MasterCard payment cards, giving them access to commerce and the ability to See full press release