Monday, 24 September 2012

Remittance service for migrants

Mizzima reportson the introduction of Western Union services to transfer into Myanmar:
The Western Union Company will offer international money remittance services in Burma in collaboration with Myanmar Oriental Bank (MOB) to facilitate overseas transfers of money back to Burma, according to a company press release. The remittance service will be provided by the US- based company through a joint agreement with MOB starting at the end of the month. The deal covers only incoming remittance. Outbound transfers will follow later... Burmese workers abroad have traditionally relied on the Hundi network, an informal international remittance network to transfer money back to their families at home.

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