Visa (V) has signed a licensing agreement with three banks in Myanmar, allowing the U.S....

|About: Visa Inc. (V)|By:, SA News Editor

Visa (V) has signed a licensing agreement with three banks in Myanmar, allowing the U.S. company's credit cards to be issued and accepted in the country. Visa's move follows MasterCard signing a similar deal in September, and is another step in the development of Myanmar's financial infrastructure and its return to the international fold.