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AGD Bank – the first bank in Myanmar to accept EMV-based UnionPay chip card transactions in all its ATMs

October 30, 2018

Oct 29, 2018, Yangon, Myanmar. Asia Green Development Bank now accepts EMV-based UnionPay chip card transactions in all its ATMs, becoming the first bank in Myanmar to offer the service. AGD Bank, UnionPay International, Diebold Nixdorf and its local partners, ACE Data Systems, and Myanmar Golden Rock are working in collaboration to provide this service that promises a safer, easier and more secure system for UnionPay card users.

EMV (Europay, MasterCard, Visa), is a technical specification that facilitates interoperability between chip-based 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 U Htoo Htet Tay Za, Managing Director of Asia Green Development Bank.


With UPI’s global presence in 170 countries and experience in providing high quality cross-border payment services, the company is leading the way with their partners to introduce new innovative solutions that will change the way transactions are conducted in Myanmar.


“We are proud to partner with AGD Bank and Diebold Nixdorf, to provide the first UnionPay EMV-certified ATMs for cardholders in the country. As Myanmar’s financial services infrastructure develops, we are committed to enabling safe and secure card-based solutions for businesses and consumers,” said Mr. Wenhui Yang, General Manager of UPI Southeast Asia.


“Diebold Nixdorf congratulates AGD Bank for being the first to run an UnionPay EMV-compliant ATM network in Myanmar and setting the pace for other banks to also ensure this security certificate,” said Mr. Piers Leach, Myanmar country manager for Diebold Nixdorf. “We are excited to work with AGD and our local partners to continually develop and implement solutions that ultimately ensure smoother, safer and more convenient transactions for that benefit end customers.”


Local partner, ACE Data Systems Company Limited, congratulates AGD Bank for being the first bank in Myanmar to accept EMV-based UnionPay chip card transactions in all its ATMs and set a record of the first bank in Myanmar to offer such services to their customers. “We are delighted to partner with Diebold Nixdorf, Myanmar Golden Rock, AGD Bank and UnionPay International to implement the EMV solution, said U Zaw Moe Thant, Chief Executive Officer of ACE Data Systems Ltd.”


Another local partner, Myanmar Golden Rock International Company Limited, also congratulates AGD Bank on running the first EMV compliant ATM network in Myanmar. “We have felt honored to work with AGD Bank since day one and are proud to be a part of this big project. We take pride in their accomplishments and hope to be a part of many projects to come in the future said Mr. Alvin Law, Managing Director of Myanmar Golden Rock International Company Limited.”


AGD Bank Ltd., UnionPay International, Diebold Nixdorf, along with their local partners, ACE Data Systems, Myanmar Golden Rock Intl. Ltd were able to implement the EMV solution within a three-month timeframe. This system solution encompasses three levels, including EMV Level 1 Card reader, EMV Level 2 Software, and EMV Level 3 Back-End Integration.

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 75 branches throughout Myanmar and International Banking Division that operates international remittance services, foreign exchange and agent banking operations. Under the leadership of managing director U Htoo Htet Tay Za, AGD Bank continually seeks to offer new products and services such as AGD Pay, UnionPay Debit card, Visa Credit card and MPU Debit Card to its banking clients for seamless transactions and reducing the time spent to perform banking transactions.

AGD’s vision is to provide the vitally important banking infrastructure that will make a lasting and sustainable impact to the future for Myanmar by building strong economic foundations for progressive growth.
For more information, visit:

About UnionPay International

UnionPay International (UPI) focuses on supporting the growth of UnionPay’s global payments business. UnionPay’s acceptance footprint has expanded to 170 countries and regions, covering more than 51.61 million merchants and 2.57 million ATMs worldwide. With more than 7.1 billion UnionPay cards in over 48 countries and regions, UnionPay serves the world’s largest cardholder base by providing quality, cost effective and secure payment services, and ensuring convenient local services to a growing number of merchants.
For more information about UPI, visit:, follow “UnionPay International” on Facebook, Sina Weibo or WeChat, or download its official mobile application by searching for “UnionPay International” on Apple’s App Store or Google’s Play Store.

About Diebold Nixdorf

Diebold Nixdorf, Incorporated (NYSE:DBD) 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. The company has a presence in more than 130 countries with approximately 23,000 employees worldwide.
For more information, visit:

About ACE Data Systems

ACE Data Systems Ltd. was founded in 1992 as a small software house and IT training center. ACE Data Systems Group has grown into a group of 21 companies with over seven hundred employees with business operations in software development and system integration, outsourcing, IT infrastructure and cyber security, education services and e-commerce. As a pioneer in software industry, ACE Data Systems Ltd introduced Myanmar’s first computerized accounting system in 1993. Subsequently, ACE Data Systems introduced various software solutions for banking and finance sector, retail and distribution sector, manufacturing sector, hotel, tourism and hospitality sector and become a leading software development and system integration company in Myanmar.
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About Myanmar Golden Rock International Company Limited

MGR’s mission is to be the total solution provider in Banking Industry through offering reliable products and providing premium after-sales service to our customers. We gradually represent the banking and retail solutions of Diebold Nixdorf, Ingenico EDC, Glory full range of cash handling machines, Thales HSM, Oracle Database system, Entrust Datacard, and Olivetti Passbook printer for Myanmar Banking Industry. MGR provides countrywide technical support service which is considered as one of our strengths to stay ahead of the competition.

MGR’s business concept of service excellence has been its pillar of strength in ensuring satisfied and delighted customers. Our policy of “No Service No Sales” is the motto for every sales and service personnel, who are all well drilled to be at their very best in order to ensure that customers and clients embark upon a journey that is mutually satisfying and beneficial.
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