Yangon, June 4, 2018 – The United Nations Capital Development Fund (UNCDF) and Wave Money, with support from the Australian Department of Foreign Affairs and Trade (DFAT), announced the launch of Shwe Toe, a unique financial education mobile app aimed at increasing financial literacy for women in Myanmar. This app aims to contribute to the achievement of Myanmar’s Financial Inclusion goals.
Yangon, January 18, 2018 - Wave Money, the leading Mobile Financial Service provider in Myanmar, is now making pension payments easier for government pensioners. They can now rely on Wave Shops to withdraw their pensions on any day of the week and at any time convenient for them. Currently, the service is only available to pensioners from North Dagon but will be rolling out to more townships in the coming months.
Yangon, December 11, 2017 - Wave Money, the leading Mobile Financial Service provider in Myanmar, has extended its maximum daily transfer limit from 200,000 MMK to 500,000 MMK under the permit of Central Bank of Myanmar. This is a welcome change that will meet the increasing demands of customers to be able to send higher amounts to support livelihoods, businesses and personal financial needs.
“Wave Money’s newly launched Developer Portal will enable cashless payments for merchants in Myanmar heralding a new era of payment solutions in Myanmar from the leading digital financial services provider.”
Wave Money has brought to the people of Myanmar a lower money transfer bracket of 1-10,000MMK with a fee of 400MMK for sending money within this bracket. The new fee started from 1st September 2017 which allows sending smaller amounts of money easier and more accessible for people with a transaction fee of 400 MMK making this cheaper than doing a similar transaction at most banks.
“Brad Jones with the Wave Money team and owner of San Kaung Tea Shop in Aungban, one of the 10,000 Wave Money agents in Myanmar. Brad is a leader who believes in spending time in the field understanding the business from all points of view to ensure the voice of the agent and the customer are at the heart of the business.”
First-of-its-kind partnership in Myanmar will see Wave Money’s e-wallet platform integrated into Grab’s ride-hailing app; both parties to support the Myanmar community by bringing people into the digital economy and providing financial inclusion. Through the partnership, Grab’s driver partners can sign up for e-money accounts that allows them to easily manage their cash flow. Wave Money’s e-wallet platform will also be integrated in the Grab app as a cashless payment option for passengers. This is part of Wave Money’s and Grab’s shared commitment to make going cashless even more convenient for Grab driver-partners and passengers.