Docs

Myanmar

Bank account

Service specification

TypeDescription
Direct to Bank methodDirect credit to bank account in Myanmar Kyat (MMK).
Supported beneficiary account type – Individual only.
Supported sender type - Individual only.
Transaction Turnaround Time· Real-time: 24x7 (within 10 minutes)
Area availabilityMyanmar nationwide
Validation / Verification· No system validation or verification on account.
· Real-time credit to account only check account number, name is ignored Amount received Beneficiary received net amount as specified by Sender.
Amount receivedBeneficiary received net amount as specified by Sender.
Transaction LimitMaximum per Transaction MMK 6,000,000.00
Minimum per Transaction MMK 100.00
Compliance accumulated limit MMK 40,000,000.00 per day per Beneficiary
Maximum BeneficiaryNo restriction
Service ChargeTransaction Fee will be refunded on best effort basis once the Transaction is accepted by the gloRemit® Service System and submitted by the gloRemit® Service System to the Payout Channel.
Cancellation ProcessCancellation is on best effort basis.
Remarks
Do_Transfer bAccType Value1

Supported Bank

NoNameIssuer Code
1KBZ Bank950001

Electronic wallet

Service specification

TypeDescription
Cash-out MethodDirect credit to electronic wallet in Myanmar Kyat (MMK).
Supported beneficiary account type – Individual only.
Supported sender type – Individual and Company.
Transaction Turnaround Time24x7 within 15 minutes credit to electronic wallet.
Area availabilityMyanmar nationwide
Validation / VerificationAccount validation is available.
Accepted account number is a valid Myanmar mobile number.
Accepted format:
959796873746, +959796944567, 9796912356, 09796947890
Amount receivedBeneficiary received net amount as specified by Sender.
Transaction LimitMaximum per transaction MMK 5,000,000.00
Minimum per Transaction MMK 1,000.00
Daily Limit MMK 5,000,000.00
Maximum BeneficiaryNo restriction
Service ChargeTransaction Fee will be refunded on best effort basis once the Transaction is accepted by the gloRemit® Service System and submitted by the gloRemit® Service System to the Payout Channel.
Cancellation ProcessCancellation is on best effort basis.
RemarksOnly wallet Level 2 Trust Active and Level 2 Trust Pending Active allowed to received money.
Do_Transfer bAccType Value2

List of e-wallet service

NoNameWebsiteIssuer Code
1KBZ payhttps://www.kbzpay.com/en/EWKBZ