Myanma Tourism Bank

What Myanma Tourism Bank does

Myanma Tourism Bank (MTB) is a private commercial bank headquartered in Yangon, Myanmar, that was granted its commercial banking license under the Financial Institution Law by the Central Bank of Myanmar in 2018 and commenced operations in 2019. The bank operates 19 branches nationwide and serves four primary customer segments: tourism industry businesses (its declared vertical specialty — hotels, travel agencies, restaurants, and transportation operators), SMEs, corporate clients, and individual consumers. Its product portfolio spans personal and business deposit accounts (current, savings, fixed, call), a full lending suite (auto, housing, education, green financing, SME, business, invoice, and credit guarantee insurance loans), MPU-branded credit, debit, and prepaid cards, international banking (trade finance, FX, remittance via SWIFT), treasury services, bancassurance, agent banking, and merchant services.

MTB's technology stack centers on a core banking platform feeding four customer-facing digital channels: MTB Mobile Banking (iOS and Android), MTB Internet Banking, MTB iBanking portal, and MTB Pay, a standalone digital wallet usable without an MTB bank account. The bank integrates into the MPU domestic card network, SWIFT for international transfers, and CIPS for China-corridor settlements, with QR-based merchant acceptance via MTB Pay and POS terminals. Distribution combines the 19-branch physical network, ATMs and CRMs, an agent banking layer for rural reach, and digital self-serve channels.

The bank's revenue model is a conventional commercial banking mix: net interest income from lending (loan rates 12-15% per annum) and deposits (fixed deposit rates 9.5-12%), supplemented by transaction fees on cards, account services, remittances, and trade finance, plus fee income from cross-border FX, treasury operations, and bancassurance distribution. Pricing is publicly disclosed across product tiers, including MPU credit card annual fees ranging from 20,000 MMK (Silver) to 100,000 MMK (Platinum). The bank is privately held with no disclosed parent, venture, or private equity investors, and has not raised funding rounds.

Name

Myanma Tourism Bank

Legal name

MYANMA TOURISM BANK

Website

https://mtb.com.mm

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Myanma Tourism Bank is a Myanmar-licensed commercial bank headquartered in Yangon operating 19 branches, serving tourism businesses, SMEs, corporates, and consumers with deposits, loans, cards, digital banking, and cross-border remittance services.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (52211), Depository Credit Intermediation (5221)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Alternative Payments & Digital Wallet Acceptance (A2A, RTP, wallets) (THALAHAH)

akta.pro secondary industry

General-Purpose Credit Card Schemes (FSAMAAAA)

Keywords

• Commercial banking
• Retail deposits
• SME lending
• Trade finance
• Digital payments

Headquarters

HQ city

Yangon

HQ country

Myanmar (Burma)

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income from Lending: Primary revenue stream from interest on loans including auto loans, housing loans, education loans, business loans, SME loans, green financing, and invoice financing. Interest rates range from 12-15% per annum for various loan products.
2. Interest Income from Deposits: Interest earned on customer deposits including savings, fixed deposits, and call deposits. Fixed deposit rates vary from 10.5% to 12% depending on term.
3. Fee and Commission Income: Various banking fees including account maintenance, transaction fees, credit card fees (annual fees, issuing fees, cash advance fees), loan processing fees, and service charges for remittance, payroll services, and other banking services.
4. International Banking Services: Revenue from trade financing (import/export letters of credit), foreign exchange services, guarantee services, and international remittance through SWIFT network and correspondent banking relationships.

Pricing tiers

Go-to-market motion2 records

Distribution channels8 records

Marketing channels6 records

Core offering

Myanma Tourism Bank is a commercial bank in Myanmar that provides personal and business banking services, including deposit accounts (current, savings, fixed, call), personal and business loans, MPU-branded credit/debit/prepaid cards, international trade finance (import/export letters of credit, guarantees, remittance), treasury services, payroll, agent banking, and merchant payment acceptance. Service delivery is enabled through 19 branches, ATMs and CRMs, the MTB Mobile Banking app, MTB Internet Banking, MTB iBanking, and the MTB Pay digital wallet.

Product overview

Myanma Tourism Bank (MTB) operates as a commercial bank in Myanmar offering a unified platform of banking products and services. The core digital banking offering consists of four main channels: MTB Mobile Banking, MTB Internet Banking, MTB Pay (mobile wallet), and MTB iBanking portal. These digital channels serve as the primary interface for all deposit accounts, loans, card management, transfers, and bill payments. The product portfolio spans personal banking (current, savings, fixed, and call deposits; auto, apartment, green, traveller, and education loans; credit, debit, and prepaid cards; and bancassurance products), business banking (deposits, SME and corporate loans, international trade finance, treasury, and agent banking), and merchant services (QR acceptance, POS terminals). The digital wallet MTB Pay functions as a standalone product with optional bank account linking, enabling P2P transfers and merchant QR payments. Prestige Banking is a premium sub-brand under development.

Differentiator

Problem solved

Functional benefit

Brands

• MTB Pay: Digital wallet and mobile payment service powered by Myanma Tourism Bank, offering 24/7 financial services directly from smartphones.
• MTB iBanking

Products and services

• MTB Mobile Banking Mobile banking application for smartphones and tablets enabling account access, fund transfers, mini statements, mobile top-up, payments, and bill pay 24/7.
• MTB Internet Banking Online banking platform accessible via computer or smartphone browsers for account transfers between MTB and other banks, statement viewing and downloading, and mobile top-up.
• MTB Pay Digital Wallet Smartphone-based digital payment service allowing users to link bank accounts or operate independently for 24/7 P2P transfers, cash-in/cash-out, mobile top-up, bill payments, and merchant QR acceptance.
• MTB iBanking Internet banking login portal serving as the access point for retail and corporate customers to manage accounts and conduct transactions online.
• MTB MPU Credit Card MPU-branded credit card accepted nationwide at MPU merchants, offered in Silver (up to 1,000,000 MMK limit), Gold (up to 2,500,000 MMK limit), and Platinum (up to 5,000,000 MMK limit) tiers with 16% per annum interest and tiered annual fees.
• MTB MPU Debit Card MPU co-branded debit card for ATM withdrawals, POS purchases, and online transactions nationwide.
• MTB MPU Prepaid Card Prepaid card targeted at travelers and online payments, usable at MPU-accepted merchants and ATMs nationwide with instant issuance at branches.
• Personal Deposit Accounts Suite of personal deposit products including Current Account, Savings Deposit, Fixed Deposit (with rates varying by term—30-day 10.5%, 90-day 12%, 180-day 11.5%, 1-year 11.9%), and Call Deposit.
• Personal Loans Personal lending products including Auto Loan HP, Apartment HP, Green Financing HP, Corporate Traveller Loan, and Education Loan.
• Personal Bancassurance Insurance products distributed through the bank in partnership with GGI Nippon Life, including Short Term Endowment, Flexi Health, Flexi Life, Student Life, and Credit Life Insurance.
• Personal Remittance Services Domestic and international money transfer services for individuals, including SWIFT-based cross-border remittances and local inter-bank transfers.
• Business Deposit Accounts Corporate deposit products including Current Account, Savings Deposit, Fixed Deposit, and Call Deposit for businesses.
• Business Loans Business lending including Business Loan (up to 4,000 million MMK), SME Loan (up to 500 million MMK), Green Financing, Tender Loan, Invoice Financing, Financial Institutions Loan, Housing Construction Loan, and Credit Guarantee Insurance Loan, all at 12-15% interest with 1-3 year tenor.
• International Banking Trade finance and international banking services for corporate clients covering Import Service, Export Service, Guarantee Service, and Remittance Service, operated over SWIFT, CIPS, MoneyGram, and Siam Commercial Bank (Thailand) correspondent relationships.
• Treasury Services Liquidity and investment management including Interbank Money Market, Capital Market instruments (T-Bills, T-Bonds, Securities), Foreign Exchange (FX Spot, FX Forward, Currency SWAP), and Currency Exchange.
• Agent Banking Banking services extended through agents and merchants to reach underbanked areas, with cash deposit, withdrawal, and transfer capabilities across the agent network.
• Merchant Services Payment acceptance solutions for merchants including MTB Pay QR, POS Terminal (MPU), and E-commerce integration with promotional support.
• ATM and CRM Services ATM cash withdrawals, balance inquiries, mini statements, PIN changes, and CRM cash deposits and cardless deposit functionality available 24/7 through MTB's self-service terminal network.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration17 records

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• Myanmar Payment Union (MPU)coreTechnology or IntegrationPartnership for MPU debit cards, credit cards, and prepaid cards enabling card acceptance at merchants and ATMs nationwide across Myanmar
• MoneyGramcoreTechnology or IntegrationInternational remittance partnership for money transfer services to Myanmar workers abroad
• Siam Commercial Bank (SCB) - ThailandcoreStrategic or Co-development PartnerPartnership with Siam Commercial Bank (SCB) in Thailand for international banking network expansion, enabling Myanmar worker remittances and cross-border transactions
• DingerminorStrategic or Co-development PartnerStrategic partnership for digital financial services and agent banking network expansion
• JITSminorStrategic or Co-development PartnerFinTech partnership for digital banking services
• OK$minorStrategic or Co-development PartnerFinTech partnership for digital wallet and payment services
• MyTelminorStrategic or Co-development PartnerFinTech partnership for digital financial services
• Quick FoodminorStrategic or Co-development PartnerFinTech partnership for digital payment services
• Hayman Micro FinanceminorStrategic or Co-development PartnerPartnership with microfinance institution for financial inclusion and lending services
• Mahar Bawga FinanceminorStrategic or Co-development PartnerPartnership with finance company for digital banking and financial services
• GGI Nippon LifecoreStrategic or Co-development PartnerBancassurance partnership providing credit life insurance and other insurance products through the bank

Scale indicators3 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Myawaddy Bank: Established Myanmar commercial bank with nationwide branch presence; competes with MTB on deposit gathering and corporate/SME lending in similar tourist-economy corridors.
• KBZ Bank: Myanmar's largest privately-held commercial bank with a nationwide branch network and KBZ Pay mobile wallet. Closest direct comparator to MTB on full-service commercial banking, deposits/loans, and digital wallet strategy.
• CB Bank: Major Myanmar commercial bank providing personal, SME, and corporate banking with an established digital channel — operating in the same regulatory regime and serving overlapping tourism-sector and SME customers as MTB.
• AYA Bank: Large Myanmar commercial bank with a deep branch footprint and personal/SME lending portfolio; competes directly with MTB for retail deposits and tourism-sector business banking customers.
• Tun Foundation Bank: Mid-sized Myanmar commercial bank focused on SMEs and community banking; comparable scale and product mix to MTB.
• Yoma Bank: Publicly-listed Myanmar commercial bank with strong corporate and treasury capabilities. Comparable to MTB on commercial banking products and trade finance, with a similar emphasis on digital channels.
• AGD Bank: State-affiliated Myanmar commercial bank offering full personal and business banking. Operates in the same regulatory environment as MTB with overlapping product sets.
• United Amara Bank (UAB): Myanmar commercial bank with explicit SME and trade-finance positioning; directly comparable to MTB's SME loan book, international banking services, and target business segments.

Emerging players

• GCash (Mynt / Globe Fintech Innovations): Philippines-leading mobile wallet with QR acceptance and bill pay — analogous to MTB Pay in terms of wallet-led distribution; useful peer for digital-wallet economics in an emerging Asian market.

Regional players

• Siam Commercial Bank (SCB): Major Thai commercial bank and MTB's listed cross-border partner for the Thailand remittance corridor. Relevant peer for tourism-banking franchise model and correspondent/international banking product set in the region.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/MyanmaTourismBank
• LinkedInlinkedin.com/company/myanma-tourism-bank
• Instagraminstagram.com/myanma_tourismbank

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Myanma Tourism Bank