Press Release

Press Release

Wave Money and Yoma Bank team up to boost the development of Wave Money’s agents and distributors

September 20, 2019

Wave Money, the leading provider of mobile financial services in Myanmar, has collaborated with Yoma Bank to boost the development of micro, small and medium enterprises (MSMEs), thereby supporting the country’s economic development. Through this collaboration, Yoma Bank provides unsecured, instant credit to Wave Money agents to help these agents operate their businesses more productively.

Wave Money provides humanitarian aid to flood-affected communities in Mon State

August 27, 2019

“We express our deepest condolences to those impacted by the heavy flooding that has happened in Mon State. We are trying to do our part to assist in all ways possible. Thanks to our collaboration with the Network Activities Group, we can provide these communities with some of the humanitarian assistance they need,” said Brad Jones, CEO of Wave Money.

Wave Money Announces Appointment of Hal Bosher as Chairman of the Board

August 2, 2019

The Board of Wave Money (Digital Money Myanmar Limited), consisting of representatives from Telenor Group, First Myanmar Investments, Yoma Strategic Holdings and Yoma Bank is pleased to announce that Mr. Hal Bosher, a current director of Wave Money has been appointed as the new Chairman of Wave Money’s Board of Directors. The appointment is effective from 1st July 2019.

Wave Money Announces Stellar Growth in H1 2019

July 15, 2019

Wave Money, the leading provider of mobile financial services in Myanmar, reported phenomenal growth in the first half of 2019. From January to June, the company paid 22 Billion Myanmar Kyat (US$ 15 Million) in agent commission, which was more than triple compared to the same period last year (US$ 4 million). In addition, Wave Money moved approximately 2.6 Trillion Myanmar Kyat (US$ 1.7 billion) in remittance in the first six months of 2019.

Wave Money and Oway Partnership Leverages Mobile Financial Technology to Enable Easy and Convenient Travel Payments

July 15, 2019

Yangon, 11 July 2019 – Wave Money, the leading provider of mobile financial services in Myanmar and Oway, the leading travel and transport company in the country, have entered into a strategic partnership that will make travel-related payments easier and more secure. WavePay users can now quickly and more conveniently buy flight and bus tickets as well as book hotels, tours and other exciting activities in top destinations worldwide through the Oway website. As part of the partnership launch, WavePay users can avail of a 50% discount on all domestic flights booked through the Oway website from 11 July to 10 August 2019.

Wave Money Commits to GSMA Connected Women Programme

May 9, 2019

Wave Money, the leading mobile financial service provider in Myanmar, is rolling out an action plan as part of its GSMA Connected Women Commitment to fast track wider access to financial services for women in the country.

Wave Money partners with Myanma Economic Bank to roll out mobile pension payments nationwide

March 15, 2019

Wave Money, the leading mobile financial services provider in Myanmar and Myanma Economic Bank (MEB) are making pension payments more convenient for government pensioners. The two parties today signed a Digital Pension Disbursement Partnership agreement that will extend the benefits of a game-changing mobile pension payment system to retirees nationwide.

Wave Money Celebrates Outstanding Results in 2018, All Set to Surpass Growth in 2019

February 21, 2019

Wave Money, the leading provider of mobile financial services in Myanmar reported outstanding performance in 2018 with exponential business growth, positive economic impact and global recognition.