SINGAPORE Post Limited (SingPost) has become the world's first postal service provider to offer bank bilateral remittance services with Myanmar, after its launch of a new remittance corridor to the South-east Asian country yesterday.

SingPost has partnered four commercial banks in Myanmar in this venture - Asia Green Development Bank (AGD Bank), Cooperative Bank (CB Bank), Kanbawza Bank (KBZ Bank) and Tun Foundation Bank (TFB).

SingPost will offer fund transfers from Singapore to Myanmar via its Cashome remittance service available at all its post offices.