METRO GROUP and Yoma Strategic Holdings partner to develop one stop food distribution platform in Myanmar

Düsseldorf, 2017-Feb-28 — /EPR Retail News/ — METRO GROUP Wholesale & Food Specialist Company announces its joint venture partnership with the Singapore-listed Myanmar-focused Yoma Strategic Holdings Ltd. to develop a one stop food distribution platform in Myanmar. According to the agreement, METRO will take an 85% stake in the newly established joint venture called METRO Wholesale Myanmar Ltd., with the remaining 15% shares owned by Yoma Strategic Holdings.

“I’m pleased that METRO is now entering Myanmar, such a promising market that offers abundant opportunities for our B2B wholesale business. The establishment of the joint venture with Yoma Strategic Holdings marks an important step for this meaningful expansion”, said Olaf Koch, Chairman of the Management Board of METRO AG. “We are convinced that METRO’s proven expertise in areas such as food safety and supply chain management will strongly contribute to the development and upgrade of the local supply and distribution infrastructure.”

As the first step, METRO will open a depot for wholesale distribution located in Yangon’s Thilawa Special Economic Zone, with the construction work scheduled to start in March 2017, and the depot is expected to open in beginning of 2018. By focusing on a pure delivery model instead of constructing a classic brick and mortar store METRO underlines the increasing strategic importance on food service distribution and efficient use of investment which will be in the low double-digit EUR million range for Myanmar.

METRO’s efficient one stop wholesale distribution platform will be a solution for a market which at current is fragmented, with retailers often having to source their products through a complex mix of local retail and wholesale distributors as well as importers. From this platform over 3,300 food and non-food high quality products as well as customized services will be delivered to the professional customers including hotels, restaurants, catering firms, independent small retailers and offices. It aims to effectively address the evolving needs of the local professional customers, who now increasingly seek products of consistently reliable quality and good value. In addition to exploring its own unique sourcing expertise and channels to secure high quality products, METRO will leverage on Yoma Strategic Holdings’ logistics and warehousing infrastructure to facilitate the key supply chain build-up for Myanmar. “We are confident that our partnership with METRO will bring global know-how in modern wholesale distribution and contribute to bringing reliable and safe food to the people of Myanmar”, said Melvyn Pun, Yoma Strategic Holdings’ Chief Executive Officer.

In many countries of its operations, METRO works very closely with the local community to improve the food safety through series of dedicated and tailored training programs for the farmers and producers. This approach will be applied too in Myanmar to make joint efforts with various stakeholders to support the improvement of the food safety. After careful analysis, trainings will be developed and carried out to equip local farmers with necessary awareness, knowledge and skills in the areas such as production, harvesting, processing and packaging. Trained and qualified farmers will contribute to an efficient, sustainable and reliable supply chain of METRO Myanmar but also the overall well-being of the community.

The METRO GROUP Wholesale & Food Specialist Company (W&FS Co.) is an internationally leading specialist in wholesale and food retail. With its sales lines METRO Cash & Carry and Real as well as its other associated companies, METRO GROUP W&FS Co. operates in 35 countries and employs more than 150,000 people around the world. In 2015/16, METRO GROUP W&FS Co. achieved sales of around €37 billion. The company provides custom solutions to meet the regional and international needs of its wholesale and retail customers. More information is available at www.metrogroup.de and https://wfsco.metrogroup.de/

Listed on the Main Board of the Singapore Securities Exchange Trading Limited (SGX-ST), Yoma Strategic Holdings Ltd. is a leading business corporation with a diversified portfolio of businesses in Real Estate, Consumer, Automotive & Equipment, and Investments in Myanmar. Together with its partner, the SPA Group, the Group is taking a conglomerate approach to build a diversified portfolio of businesses in Myanmar. The Company was ranked in the top 10% of the Governance and Transparency index for three consecutive years (2014 – 2016), ranked 17th out of top 100 largest Singapore companies in the Asean Corporate Governance Scorecard 2015 and won the Best Managed Board (Gold) Award at the Singapore Corporate Awards in 2016. More information is available at www.yomastrategic.com

Contact:
METRO AG
Corporate Communications
Metro-Straße 1
40235 Düsseldorf

Phone +49 (0) 211 68 86-42 52
Fax +49 (0) 211 68 86-20 01

www.metrogroup.de
presse@metro.de
@Metro_Comms

Source: METRO GROUP

CB Bank in Myanmar rolls out cardless cash withdrawal and P2P payment services with advanced technology from Diebold Nixdorf

Leading Myanmar retail bank rolling out cardless cash withdrawal and P2P payment services with advanced technology from Diebold Nixdorf

North Canton, Ohio, USA and Paderborn, Germany, 2017-Jan-19 — /EPR Retail News/ — Co-Operative Bank Limited (CB Bank) in Myanmar has awarded Diebold Nixdorf an extensive contract for systems, software and services to expand its self-service cash offerings beyond the country’s main commercial hub Yangon. The bank will add 500 new ATMs and cash recyclers to its current network of 500 terminals supplied by Diebold Nixdorf.

Recently, Diebold Nixdorf helped CB Bank migrate all its ATMs to more secure EMV chip card technology and obtain EMV certification with both VISA and MasterCard. EMV is a technical standard for smart payment cards introduced by Europay, Mastercard and VISA.

Diebold Nixdorf is also assisting CB Bank with the implementation of cardless cash withdrawals at ATMs. The solution allows bank customers to use their mobile devices to generate a one-time PIN to activate a withdrawal at an ATM either for themselves or for a third party without requiring a bankcard. The technology provides an innovative person-to-person payment service to consumers especially in developing markets, and underscores Diebold Nixdorf’s commitment to drive connected commerce and help bridge the digital and physical worlds.

“Diebold Nixdorf was awarded the contract due to its superior product quality, flexible software and ability to offer field service for both hardware and software within the country,” said U Kyaw Lynn, CEO and Executive Vice Chairman, at CB Bank. “With the help of their advanced technology and services provided, we aim to become one of Myanmar’s top banks offering secure, innovative and convenient cash services across our branch, online and mobile channels.”

Diebold Nixdorf’s Myanmar partner, Kaytumadi iSolutions, will localize product features and begin installing the new systems at the start of next year. The rollout is scheduled for completion by the end of 2017.

Diebold Nixdorf will service the entire 1,000-strong fleet of advanced cash systems in CB Bank’s network of 180 branches.

“Together with our local partner, we are enabling CB Bank to extend the reach of its self-service offerings and win a greater share of Myanmar’s growing market for cash services,” said Neil Emerson, Senior Vice President & Managing Director, Asia Pacific, at Diebold Nixdorf.

Demand for cash is strong in Myanmar. Cash is the main mode of payment in the southeastern Asia country of more than 53 million people. Competition to provide cash services is also fierce. CB Bank already operates one of the largest ATM networks in the country and aims to expand its market position even further by doubling the number of terminals in its self-service network.

CB Bank benefits from its IT partner’s wealth of local experience in Myanmar. Diebold Nixdorf, which has been delivering solutions to CB Bank since 2012, is a major supplier of cash-handling technology and services to all major banks in the country and across the Asia-Pacific region.

About Co-Operative Bank Limited
Established since 1992, CB Bank is one of the earliest and largest private sector banks in Myanmar, employing about 7000 employees. CB Bank has business lines in retail banking, corporate banking and SME banking. CB Bank offers services in consumer financing, cards & merchant services, corporate finance & advisory, international trade, treasury and transaction banking. CB Bank has 180 branches, 350 mobile banking agents and more than 500 ATMs all over the country. CB Bank launched the first ATM in Myanmar on 1 November 2011 and since then has grown it ATM network in excess of 500 ATMs. The bank was the first to launch Self Service Cash Deposit and Cash Recycling Services in the country. CB also holds the top market position in card issuing bank and POS merchant acquisition in Myanmar. The self-service banking services of the bank are branded as EASI Banking.
Visit www.cbbank.com.mm for more information.

About Diebold Nixdorf
Diebold Nixdorf is a world leader in enabling connected commerce for millions of consumers each day across the financial and retail industries. Its software-defined solutions bridge the physical and digital worlds of cash and consumer transactions conveniently, securely and efficiently. As an innovation partner for nearly all of the world’s top 100 financial institutions and a majority of the top 25 global retailers, Diebold Nixdorf delivers unparalleled services and technology that are essential to evolve in an ‘always on’ and changing consumer landscape.

Diebold Nixdorf has a presence in more than 130 countries with approximately 25,000 employees worldwide. The organization maintains corporate offices in North Canton, Ohio, USA and Paderborn, Germany. Shares are traded on the New York and Frankfurt Stock Exchanges under the symbol ‘DBD’. Visit www.DieboldNixdorf.com for more information.

Contact:

Ulrich Nolte
Media Relations – Germany
Email: ulrich.nolte@dieboldnixdorf.com
Phone: +49 5251 693 5211

Steve Virostek
Investor Relations
Email: steve.virostek@dieboldnixdorf.com
Phone: 330-490-6319

Source: Diebold Nixdorf

Wincor Nixdorf announces Asia Green Development Bank to be the first bank in Myanmar to offer EMV-based ATM transactions

Paderborn, Germany, 2016-Jul-07 — /EPR Retail News/ — Asia Green Development Bank Ltd. now accepts EMV-based VISA and MasterCard chipcard transactions in all its ATMs, becoming the first bank in Myanmar to offer the service, Wincor Nixdorf announced today.

EMV, or Europay MasterCard Visa, is a technical specification that facilitates interoperability between chip-based credit and debit cards and point-of-sale devices or ATMs. The key objectives of EMV are to reduce counterfeiting and fraudulent transactions, and to standardize all payment solutions on a singular specification recognized globally.

“AGD aims to provide enhanced customer experiences in the most secured environment for our customers. By implementing the global EMV standard, we are achieving a significant leap forward in protecting our cardholders against fraud.” said Htoo Htet Tay Za, managing director, Asia Green Development Bank. “Wincor Nixdorf has been a long term partner with the bank and we are confident they are able to help AGD successfully manage this EMV migration.”

Wincor Nixdorf, together with its local partners Myanmar Golden Rock Intl. Ltd and ACE Data Systems, implemented the EMV solution within a five-month timeframe. The solution encompasses three levels, including EMV Level 1 Hardware (Wincor’s EMV-compliant card reader), EMV Level 2 Software, and EMV Level 3 Back-End Integration.

“Wincor Nixdorf congratulates AGD Bank for running the first EMV compliant ATM network in Myanmar, therefore setting the pace for other banks to also ensure this security certificate,” said Karsten Kemna, Wincor Nixdorf Vice President for Asia-Pacific Banking. “We are thrilled to work with AGD through our local Myanmar partners to make transactions most secure for their cardholders. Wincor Nixdorf has been working extensively with various financial institutions across the globe for many years to help them transition to EMV, and we are continuously developing and promoting technologies that ensure safer transactions for the benefit of the end customers.”

About Asia Green Development Bank
Asia Green Development Bank Limited (AGD Bank) opened its head office and first branch in August 2010 in Nay Pyi Taw. AGD Bank aims to deliver banking excellence through inspired and outstanding customer service, while offering innovative products and services that meets clients’ requirements.
Today, AGD Bank has 53 branches throughout Myanmar and International Banking Division that operates international remittance services, foreign exchange and agent banking operations. Under the leadership of new managing director U Htoo Htet Tay Za, a new senior management team, and a strong Information Communications & Technology department, AGD Bank offers new products and services such as UnionPay Debit card and mobile money application to potential and existing clients.
AGD’s vision is to provide the vitally important banking infrastructure that will make a lasting and sustainable impact on this future, building the economic foundations for a progressive Myanmar.

Contact:
Phone: +49 5251 / 693 30
E-Mail:info@wincor-nixdorf.com

Source: Wincor Nixdorf