Myanmar Payment Union
"IBFT (Inter Bank Fund Transfer)" means between two different banks; It is an easy and fast account transfer between MPU Card Account (or Bank Account) at any time using an ATM machine. In the past, MPU card users were able to withdraw money from ATM machines (ATM Withdrawal). Account transfer between accounts of the same bank and were only able to provide services such as changing the PIN number. Currently, MPU Card holders can use the new technology IBFT (Inter Bank Fund Transfer) service to transfer funds between different two banks through ATM machines. No need to wait until the bank opens; no need to go to the bank any more. You can transfer your transactions between IBFT member banks using MPU Logo ATM cards at any time. When using the IBFT service, the service fee is a flat fee of 200 kyats and only 0.05% of the amount to be transferred, and the maximum amount of money can be transferred up to ten millions kyats per day.