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myanmar Myanmar RemittanceSpeed Remittance

About Myanmar Remittance

Myanmar Speed Remittance

  • Speed Remittance for local currency (MMK) is possible.
  • Speed Remittance generally arrives within 24 hours after the transfer request is received. (Weekends, holidays and local bank holidays are excepted.)

How to remit

After you activate your PayForex account, you can send remittance request through customer page “myPay”. 3 steps for speed remittance without exchange operation.
※If you are remitting other currencies to Myanmar other than MMK, please follow “Transaction process” as standard remittance.

STEP1: Deposit

DepositFirstly, deposit into PayForex account. If you use for “Speed Deposit“, you can deposit after you confirm the transfer currency and amount on “STEP3: Remittance instruction”. Please select the deposit methods based on your needs.

STEP2: Register a beneficiary bank account

Register a beneficiary bank account Register beneficiary information through [myPay]-[Beneficiary]- [Myanmar].

STEP3: Remittance instruction

Remittance instruction Send remittance request via [Remittance]-[Myanmar]. Input either JPY amount or MMK amount. It will automatically exchange so there is no need to do exchange in advance. Moreover, if you haven’t deposited or there is not enough on your balance, you could always use “Speed Deposit“.

Terms of use / Restrictions

Myanmar Speed Remittance

Items Contents
Sender Must open PayForex account (Individual and Corporate)
Beneficiary Domestic bank account holder in Myanmar (Individual and Corporate) .
Transfer currency MMK only
Remit JPY Not available
Estimated time of arrival Generally within 24 hours
Fees Please check “Remittance fee for (MMK) today” on this page.
Other bank charges There might be other bank charges (Intermediary bank, beneficiary bank) involved.Please check “About fees” for details.
Pay Other Bank Charges service Available

Myanmar Standard Remittance

Items Contents
Sender Must open PayForex account (Individual and Corporate)
Beneficiary Domestic bank account holder in Myanmar (Individual and Corporate) .
Transfer currency USD only
Remit JPY Not available
Estimated time of arrival 1-3 business days
Fees Please check “List of transfer fees” .
Other bank charges There might be other bank charges (Intermediary bank, beneficiary bank) involved.Please check “About fees” for details.
Pay Other Bank Charges service Available