Mizzima awarded global JTI certificate for reliable news on Myanmar

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Mizzima Mizzima, one of Myanmar ’s most prominent news outlets and a press freedom advocate, obtained the Journalism Trust Initiative ( JTI ) certification from global audit firm Bureau Veritas , JTI says in a press statement 5 January.  Operating in clandestine mode within Myanmar and supported by an exiled team, Mizzima strives to fulfil its role as reliable source of news and information for the Myanmar public. “Your Journalism Trust Initiative certification affirms what audiences already know: that principled, transparent journalism matters. Congratulations on this achievement and on your continued contribution to informing citizens about Myanmar,” says Benjamin Sabbah , director of Journalism Trust Initiative “Myanmar’s ongoing conflict has created an intensely contested media landscape, where mis- and disinformation are increasingly deployed to reinforce state propaganda and the prevailing “official” narrative. Although Mizzima is already regarded as one of the most trusted ...

Visa announces credit card agreement in Burma

Monday, 05 November 2012 13:34 Mizzima News

Visa Inc. announced on Saturday that it has signed its first licensing agreements in Burma with three banks: Kanbawza Bank, Cooperative Bank and Myanmar Oriental Bank.

The agreements will pave the way for Visa-branded credit cards and debit cards to be accepted in the country—a move that will be particularly welcome among foreign tourists in Burma who until now have been obliged to carry around large wads of cash, but who will now be able to withdraw money from ATMs.

The system to accept Visa cards may be operational as early as January, said banking officials in Rangoon.

Than Lwin, the deputy chairman of Kanbawza Bank, referred to the deal as “a milestone” that will boost the tourism industry in particular, according to The Associated Press.

Mizzima reported in October that Visa had started training Burmese local bank employers to use electronic payment systems to help modernize the economy.

In September, Visa’s main rival MasterCard Inc. signed a similar licensing agreement with Co-Operative Bank, which has 24 ATMs in the country, to issue the country's first branded cards.

Foreign banks are still not allowed to offer banking services in Burma, but a growing number have opened representative offices.

Until recently, foreign visitors were unable to use credit and debit cards in Burma due to economic sanctions leveled on the former military junta by the US and the EU. Those restrictions were lifted earlier this year after a series of democratic reforms were enacted by the new government in Naypyidaw headed by President Thein Sein.

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