Yuan - Kyat Border Trade Payment Service

Business Banking > Other Services

Yuan - Kyat Border Trade Payment Service

Business Banking > Other Services

About Yuan – Kyat Border Trade Payment Service

All Myanmar businesses taking part in Myanmar – China Border Trade can now get Yuan – Kyat Border Trade Payment Service at Yoma Bank Yangon Main Branch and Yoma Bank Muse Branch.

Choose the perfect payment service for you

Key Features & Benefits

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MMK Cash Withdrawal Charges

Yoma Certified Chequebook

Monthly Statements

Account to Account Transfer Charges between Yoma Bank Foreign Currency (Chinese Yuan) Accounts

Service available at Yoma Bank Yangon Main Branch and Yoma Bank Muse Branch

Eligibility & Requirements
to Payment Service

For Business Customers

  • NRC/Passport of Authorized Person
  • Visa Page (Valid Business Visa)
  • Application Letter (Company Letter Head with
  • MD/Chairman Signature and Stamp)
  • Initial Deposit Limitation Amount
  • Import / Export License (If Import/Export Company)
  • Board of Director’s Meeting Minutes & Meeting Resolution (Company Letter Head with the signatures of more than 75% of persons from DICA’s List)
  • Certification of Incorporation
  • Memorandum of Association (MOA) / Articles of Association (AOA)
  • Myanmar Traders Membership (if needed)
  • Official Transfer of Authority to the Agent, Invoice and Sales Contract (if with Agent)
  • Account Opening Charges – MMK 10,000
    Initial Deposit Amount (Currently waived)
requirement
Note

Currently, Yuan – Kyat Border Trade Payment Services are only available to Business Customers doing businesses on Myanmar – China Border Trade.

Before you applied check these information

About Yuan – Kyat Border Trade Payment Service

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The services provided by Yoma Bank are as follows:

  • Foreign Currency (Chinese Yuan) account
  • Foreign Currency (Chinese Yuan) chequebook
  • Inward/Outward Remittance between any Chinese banks and Yoma Bank’s Foreign Currency (Chinese Yuan) account via Telegraphic Transfer (TT)
  • Letter of Credit (LC), Document of Acceptance (DA) and Document Against Payment (DP) services (Border Trade only)
  • Direct transfer between Yoma Bank Foreign Currency (Chinese Yuan) accounts
  • MMK cash withdrawal based on daily exchange rates

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