AYA Bank an­nounced that it has launched a cor­porate card in Myanmar. This is the first corporate credit card targeted for business payment use ever issued in the country.

The AYA Universal Corporate MPU-JCB Co-Branded Card has 2 different products: The Universal Corporate Platinum Credit Card and the Universal Corporate Gold Credit Card. All the cardmembers can enjoy the same JCB privileges as personal credit card­members, such as JCB Plaza and special offers at selected merchants all over the world. Univer­sal Corporate Platinum Credit Card cardmembers can also use exclusive JCB Platinum services, such as JCB Platinum Airport Lounge service, JCB Plati­num Concierge Desk, and Special JCB Platinum Ho­tel Services.

U Zaw Zaw, Founder aw Zaw, Founder and Chairman of AYA Bank commented, "The Myanmar economy is growing fast and we have commercial cooperation with neighboring coun­tries which means com­panies need to send their employees on business trips and need to use oth­er international services."

Kimihisa Imada, Presi­dent and COO of JCB International said, corpo­rate card can be used for the payment of business-related expenses, most often travel-related. Em­ployees who go on busi­ness trips can also enjoy JCB privileges which make traveling smoother and safer.

He added, "I am very pleased JCB will be the first interna­tional brand on a corpo­rate product in Myanmar. I am confi­dent that the issuance of AYA Universal Corporate MPU-JCB Co-Branded Card can satisfy our cus­tomers and will allow both AYA Bank and JCB to continue growing busi­ness.”

AYA Bank received its banking license from the Central Bank of My­anmar on 2 July 2010, and began operations on 11 August 2010. AYA Bank subscribes to global standards in governance, risk and compliance in its management and opera­tions.

Myanmar Payment Union (MPU) was estab­lished in 2011 under the guidance of the Ministry of Finance and the Cen­tral Bank of Myanmar. MPU started operating as National Payment Switch in late 2012 with the issu­ance of debit cards. In late 2015, MPU credit card was issued by our member banks and the first co-brand debit card was issued in Feb 2016 and soon fol­lowed by co-brand credit cards. In April 2015, MPU launched MPU e-com­merce service in partner­ship with its technical service provider 2C2P. MPU is the only official national payment switch­ing network to be recog­nized by the central bank of Myanmar, and current­ly 23 members of 28 local financial institutions have been connected to MPU.

JCB is a major global payments brand and a leading payment card is­suer and acquirer in Ja­pan. JCB launched its card business in Japan in 1961 and began expand­ing worldwide in 1981. As a comprehensive payment solution provider, JCB commits to provide re­sponsive and high-quality service and products to all customers worldwide.