Kanbawza Bank

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Kanbawza Bank
Private
IndustryBanking
Founded1994
HeadquartersYangon, Myanmar
Key people
Aung Ko Win (Chairman)
ProductsFinancial Services
Number of employees
Over 18,000
Websitewww.kbzbank.com

Kanbawza Bank (Burmese: ကမ္ဘောဇဘဏ်; abbreviated as KBZ Bank) is a private commercial bank in Myanmar. The bank was established on 1 July 1994 in Taunggyi, Shan State. KBZ bank is part of the KBZ Group conglomerate (founded by Aung Ko Win aka Saya Kyaung).

In February 2010, the bank bought an 80% share in Myanmar Airways International, Myanmar's international airline.[1] On 1 April 2011, the bank launched Air KBZ, one of four privately owned domestic airlines in Myanmar, with plans to expand to international flights in the near future.[2]

KBZPay[edit]

In 2018, KBZ Bank launched KBZPay, a mobile wallet stored in an app on the mobile phone. Aside from storing money, the KBZPay app allows customers to make cashless transactions, send and receive money, and withdraw physical cash through authorised agents. The app, which is available for download across the country, recently crossed the 1 million downloads mark.[3]

References[edit]

  1. ^ Moe, Wai (2010-02-03). "Western-sanctioned Kanbawza Bank Buys Airline". The Irrawaddy. Retrieved 2010-09-14.
  2. ^ Zaw Win Than (28 March 2011). "Kanbawza to launch domestic airline on April 1". Myanmar Times. Archived from the original on 16 June 2012. Retrieved 25 March 2012.
  3. ^ "Fastest Growing Mobile Wallet in Myanmar Aims for 30 Million Customers". Myanmar Business Today. Retrieved 2019-02-06.

External links[edit]