Central Bank of Myanmar issued Authorize Dealer License to Myanmar Citizens Bank on 24th August, 2012 so that migrant workers can make convenient transactions of salaries to Myanmar. Currently MCB is operating International Remittance in cooperation with IME (International Money Express) based in Malaysia and a hundred agents from 69 locations and providing worldwide transaction services for Myanmar workers outside the country.
The bank is also serving transactions in cooperation with MoneyGram based in London and 300,000 agents from 197 countries. Besides Inbound Remittance together with MoneyGram, the bank is providing the customers a new banking product, Non Trade Remittance: Outbound Remittance, by allowing maximum of USD 3000 per person. Transactions can also be made with other mobile networks such as Transfer To and Merchantrade. The bank keeps widening the network in association with a number of international money services businesses such as Transfer To Mobile Financial Services, International F.C. Stone, Queen Bee Capital based in Japan and Hanpass based in Korea.