These are the Terms and Conditions applicable to Kanbawza Bank Limited’s (KBZ Bank) Operating Account - Current. 1. Definitions ‘Bank’ refers to Kanbawza Bank Limited (the Bank). ‘Customer’ refers to a KBZ Bank customer holding the Deposit Account at the Bank. ‘Cheque’ refers to a bill of exchange drawn on...
KBZ Bank is working hard to bring essential banking services to our customers during this difficult period while also prioritising the health and safety of our staff and customers.
KBZPay customers have continued to display their spirit of generosity by using the ‘Donation’ feature in the KBZPay app to contribute more than MMK 320.9 million in donations during the period of July to December 2020.
2C2P, Southeast Asia’s leading payments platform, and KBZPay, the leading mobile wallet in Myanmar, have established a partnership to expand the digital payments network in Myanmar.
KBZ Bank, Myanmar’s largest private bank, and Tranglo, one of Asia’s leading cross-border payment hubs, have formed a remittance partnership to facilitate inbound foreign money transfers directly into the accounts of KBZ Bank customers.
KBZ Bank, Myanmar’s largest privately-owned bank, alongside its mobile payments platform KBZPay, has been recognised for excellence within the banking and mobile payments industry at the 15th Asian Banking and Finance (ABF) Retail Banking Awards and the 9th BF Wholesale Banking Awards announced on 16 July 2020.
All holders of Myanmar Payment Union (MPU) debit cards which are registered to be used for e-commerce can now perform instant cash-in transactions to their KBZPay mobile wallet.
With the economic fallout from COVID-19 impacting small and medium-sized enterprises (SMEs) across Myanmar, KBZ Bank has introduced the COVID-19 Credit Assistance Program for SMEs to provide urgent financial relief to its existing and new SME customers.