Hot! Myanmar Welcomes Credit Card Giant Visa

020513_Burma Welcomes Visa_MoneyBlogNewz

United States credit card giant Visa is now accepted at select merchants and retailers in Myanmar, according to a statement issued by the company.

The United States had previously barred financial institutions from operating in the country, due to the financial instability of the banking system under the military-led government.

As Myanmar pushed through reforms aimed at fixing its battered financial system, the U.S. eased restrictions. Visa began rolling out ATMs in the country in December.

Read the full article here.

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Flickr photo courtesy of MoneyBlogNewz

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