2C2P, a Southeast Asian payment services provider, and Myanmar Citizens Bank have announced the launch of the Citizen Card, a reloadable prepaid card accepted by MasterCard merchants globally.
The Citizen Card has been launched in Myanmar
It comes with an optional smartphone application allowing cardholders to manage transactions with real-time monitoring and online support on both iOS and Android platforms.
The card is targeted at the retail, and travel and tourism sectors and facilitates physical and online shopping. Supply of the Citizen’s Card will be limited to 5,000 units. Citizen Card can be obtained at any MCB branch in Myanmar. It is also available via the MCB website by filling out an online form. Cardholders will receive special benefits with merchant partners, in addition to waived sign-up fees. Existing cardholders can add value to their Citizen Card at any MCB outlet, with more top-up options rolling out in 2015.
According to McKinsey & Co, Myanmar is expected to quadruple the size of its economy from US$45 billion to over US$200 billion by 2030, with per capita GDP rising from US$1,300 in 2010 to $5,100 by 2030.
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