Press Release

uab Visa Credit Card launch in Myanmar

Yangon, 12 September 2017: United Amara Bank (uab) Limited, one of the Myanmar’s largest private banks, today announced the launch of its first suite of credit cards with Visa in Myanmar.
Three types of Visa Credit Card will be offered; Classic, Gold and Platinum.
 Speaking at the launch, Mr. Christopher Loh, uab’s Special Advisor to the Chairman said, “With the launch of uab Visa Credit Cards, our customers can now shop and travel with uab, giving them the convenience of cashless payments and many discounts and benefits with participating merchants both locally and overseas.

 Mr.Arturo Planell, Visa Country Manager, Myanmar said, “Greater access to financial products such as Visa credit cards will enable uab customers to pay with greater confidence at home and abroad.uab Visa cardholders can tap into the same security standard, unparalleled convenience, and global acceptance enjoyed by millions of other Visa cardholders worldwide.”
Mr. Christopher Loh also said, “We are delighted to be able to work with Visa, the global leader in payments, to provide to our customers easy access to both local and international payments. This new milestone will deepen our Retail Banking presence and together with other new initiatives that uab is planning will bring significant new value to the market and our customers.”
 These credit cards have been designed around the needs of customers who are travelling, making over-the-counter or on-line payments. Besides the convenience, credit cards are useful especially for emergencies and unforeseen events, though cardholders should use their credit cards responsibly and within budget at all times.
uab Credit Cards will have unique benefits such as:

  • Convenient and cashless payment at over 44 million international Visa merchants in 200 countries including 7,000 in Myanmar.
  • Contactless payments with Visa payWave
  • Cash advances at ATMs with Visa logos in Myanmar and globally
  • Exclusive lifestyle benefits including airport lounge access for Platinum Cardholders
  • Travel, hotel, hospital and dining discounts with participating merchants
  • Interest-free usage of up to 45 days

 These cards are designed to help the customer get more benefits not available when using cash for payments. The Credit Cards also has special features for fraud prevention and features to avoid the card getting worn out with regular use.
uab Visa credit cards will also allow customers to plan their finances and payments may be made in full or through an easy payment scheme. Further, transactions are charged in Myanmar Kyats as mandated by Central Bank of Myanmar, so cardholders do not have to worry about being charged in foreign currencies.
uab Visa Credit Card will initially be launched on a invitation basis only and subsequently Customers may make an application for Credit Cards at any UAB Branch or contact UAB’s 24 hour Call Center Tel: (95) -1-855 1335 for assistance.