What is KBZPay? KBZPay Review, Features

KBZPay is a mobile wallet from Myanmar’s KBZ Bank. It allows people to send and receive money through their mobile phones, pay for goods using QR codes, and withdraw cash from authorized agents. At last count, KBZPay had more than 8 million users.

About KBZPay

For more than two decades, KBZ Bank has been part of Myanmar's growth story, working tirelessly to strengthen communities and institutions for the long term and improve the quality of life for all. As Myanmar's largest private bank, we represent nearly 40% of the country's retail and commercial banking, driving the success of the country's entrepreneurs, businesses and communities. KBZPay seizes the benefits of mobile-first technology to promote financial inclusion and connect our customers to the people, opportunities and places they value most. Through KBZPay, Myanmar's fastest growing mobile wallet, we are bringing banking beyond our 500 branches and into even more communities. We are also transforming from the inside out, leveraging the latest technology to work more efficiently and better serve our customers, while developing future bankers and leaders. Myanmar's future will be built on the strength of key institutions, and KBZ Bank is leading the way.

KBZPay's functional services

1. Account

Eligible individuals and organizations can watch their funds grow through a KBZ savings account.

2. Debit Card

With our Discovery Debit Card, you can pay online at mini-marts, shopping malls and restaurants without having to carry cash all the time.

3. Loans

Features include hire purchases, overdrafts and home loans.

4. Remittance

To facilitate fast and secure fund transfers, KBZPay provides international remittance services for students going abroad for medical treatment, foreigners and overseas workers. In addition, KBZPay also has a local remittance function.