Sending Money to Myanmar

Since 2012, the banking system of Myanmar has been opening widely for worldwide transfer which allows people to send money to Myanmar much easier than before. There are more oversea banking section join the market of transfering money hence, you have more choices :

Cash Transfer

Western Union
This is the fastest and most common way to send money to Myanmar. The transferring fee depends on the location you send. The fee starts about 3% for each transaction.
The bank will convert your currency to local currency Kyat automatically.
Popular banks in Myanmar that you can receive money in Myanmar are Asia Green Development Bank, Ayeyarwady Bank, Myanma Economic Bank and Myanma Investment & Commercial Bank.
The advantage of western union is the deliverer can receive the money within 10 minutes.

Money Gram
Another option for fast transfer. There are delivering points for Money gram in Yangon since 2013 and you can receive the money in 10 minutes.

Both Money Gram and Western accept transfer by credit card.

Bank Transfer

For business and big amount of money transferring, bank wire is a good option with low fee. For this option, you need to have the invoice justifying why you need to transfer the money to Myanmar from a local company then all documents about your company registration to prove a legal process.
Bank transfer may take 1 to 7 days depends on the workload but very often it takes about 1 working day.

Online Payment

This option is common in travel industry. It helps visitors to pay for flights, services and hotels. While big companies like booking, agoda have their own paygate, local tour operators use Asia regional paygate which let you pay your service with credit card online. 
The online channel costs about 3% for oversea transaction.