Western Union to open in Chin State’s Hakha
27 March 2014: The first Western Union service in Chin State will be available for sending and receiving money soon as the Co-operative Bank Ltd., better known across the country as CB Bank, is scheduled to open next month.
Mr. Lalramchuana, CB Bank manager, said in the Chinland Post that he hoped that the opening ceremony of the bank would be held before the end of April although he said he hadn’t been informed of the exact date.
“The building itself is completed and what needs to be done now is the installation of internet and network services. So, I hope it will be finished soon,” added the manager.
The manager indicated that the bank might open soon after the Burmese New Year Water Festival, a public holiday that falls on 13-16 April.
He also said that the Western Union service would function once the bank started providing financial services to the Chin public.
Detailed information about the rates of money exchange if remittance comes from abroad, the service charges and how long the process will take is not available yet.
The Western Union started its services in Burma early last year, functioning with seven domestic banks, Kanbawza, Co-operative, First Private, Myanma Apex, Myanmar Livestock and Fisheries Development, Myanmar Oriental and United Amara, according to sources.#