Bangkok--10 Feb--Spark Communications
Capital Hypermart is the first retail chain in Myanmar to have the most Visa acceptance points
From left: CB Bank's Head of Card and Merchant Services Zayar Aung, Managing Director Thein Zaw Tun, Visa Country Manager for Myanmar Arturo Planell (center), Capital Hypermart's COO Abdul Latip bin Isnin and General Manager Thwe Thwe Moe celebrate the first electronic payments at Capital Hypermart's Thaketa branch in Yangon using Visa card
Shopping has become more convenient and reliable at Capital Hypermart, as one of the country's largest supermarket chains teams up with Visa and CB Bank to accept Visa cards across all Capital Hypermarket and Supermarket branches – the most acceptance points for a supermarket chain in Myanmar.
Now local and foreign customers can pay with their internationally-issued[1] Visa prepaid, debit and credit cards at seven Capital branches[2], with eventual rollout to 93 Grab & Go convenience stores and four restaurants nationwide.
"We are always looking for ways to better serve our customers. Accepting card payment makes it more convenient for our customers and, at the same time, streamlines the checkout process, freeing up our staff members to serve other customers," said Daw Thwe Thwe Moe, General Manager, Capital Hypermart.
Part of the Capital Diamond Star Group, the first Capital Hypermart opened its door in 2008 at Thaketa Township in Yangon, which, along with Capital Hypermart in Napyidaw, is the first and largest hypermarket in the country.
"We congratulate Capital Hypermart for expanding access to electronic payments in Myanmar. With its scale, more customers can enjoy the simplicity, reliability and security enjoyed by all Visa cardholders worldwide," said Arturo Planell, Visa Country Manager, Myanmar.
Electronic payment does not only help businesses increase sales, but the steady migration to electronic payments has also proven to spur economic growth in many countries.[3]
Since entering Myanmar in 2012, Visa has tirelessly helped Myanmar financial institutions and merchants to grow their businesses. Currently, there are more than 2,300 point-of-sale (POS) acceptance points and 1,400 ATMs accepting Visa cards.[4]
"We hope to continue this upward trajectory as we work with our partners, so electronic payments will be available for all people of Myanmar," added Mr. Planell.