Capital makes paying safer, faster and simpler with Visa cards

Yangon, Myanmar, 29 January 2016 – Shopping has become more convenient and reliable at Capital Hypermarket, 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 Visa prepaid, debit and credit cards at six Capital branches[1], with eventual roll-out to 120 Grab & Go convenience stores and four restaurants nationwide. Locals too will be able to use their cards at Capital and eventually Grab & Go.

“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 Hypermarket.

Part of the Capital Diamond Star Group, the first Capital Hypermarket opened its door in 2008 at Dawbon Township in Yangon, which was the first and is the largest hypermarket in the country. A second Capital Hypermarket location opened in Nay Pyi Taw in 2011.

“We congratulate Capital Hypermarket 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.[2]

“CB Bank is proud to be the driver of card acceptance across all Capital Hypermarkets and Supermarkets in Myanmar and we look forward to working with Visa to further expand access to electronic payments across the country,” said Thein Zaw Tun, Managing Director of CB Bank.

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.[3]

“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.

[1] The six branches are Dawbon Hypermarket, Nay Pyi Daw Hypermarket, Htee Tan Supermarket, North Dagon Supermarket, Aung San Stadium Supermarket and North Okkalapa Supermarket.

[2] “The Impact of Electronic Payments on Economic Growth” by Moody’s Analytics commissioned by Visa. URL

[3] VisaNet Data, Q4 FY15

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 Dawbon branch in Yangon using Visa card

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