Thailand-Myanmar cross border remittance service, called ‘Krungthai Bank and Shwe Bank Remittance powered by Everex’ has been launched. A number of Myanmar workers send remittances back home, but the three million in Thailand will now be able to do so at extremely cost effective rates.
With this service, customers can transfer money conveniently using their mobile. With competitive exchange rates being offered by this service, the service is said to increase the remittance influx in Myanmar.
Recipients can receive funds in three ways – home delivery, cash pick at Shwe Bank Branches and direct bank deposit in Shwe accounts.
To use this service, customers need to download and register that wallet application and top up money to their e-wallet. The service is set to be piloted in June 2019.
Read more here: Thai-Myanmar cross-border remittance service launched