MYANMAR Citizens Bank (MCB) and Wave Money have signed a Memorandum of Under­standing (MoU) to provide more comprehensive digital money services, according to the MCB.

The MoU was signed on 26 September at the head office of the MCB Bank.

This strategic partnership aims to provide more compre­hensive, innovative, efficient, and seamless digital financial services to customers who already use the services of both partners. The partner­ship is also a major new step in Myanmar’s financial sec­tor to improve digital financial accessibility and promote the cashless system.

At the event, officials from both sides, U Myo Thet Naing, Deputy Chief Executive Officer of the MCB, and U Ye Mon Min, Chief Business Officer of Wave Money, signed the cooperation agreement. — MT/ZN