SingPost said it is the first postal service provider in the world to offer remittance services to Myanmar.

November 27, 2013 Leave a comment

SingPost launches remittance services to Myanmar

POSTED: 27 Nov 2013 11:50
Singapore Post (SingPost) has launched remittance services to Myanmar at all its post offices. In its statement on Wednesday, SingPost said it is the first postal service provider in the world to offer remittance services to Myanmar. SINGAPORE: Singapore Post (SingPost) has launched remittance services to Myanmar at all its post offices. In its statement on Wednesday, SingPost said it is the first postal service provider in the world to offer remittance services to Myanmar. SingPost is partnering four commercial banks in Myanmar in the effort. They are Asia Green Development Bank, Cooperative Bank, Kanbawza Bank and Tun Foundation Bank. SingPost said apart from remitting money to their families in Myanmar, senders can also remit their salaries home as savings, which will accrue interest paid out by the banks in Myanmar. The statement said there are some 150,000 to 200,000 Myanmar nationals in Singapore.

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