Wave Money, Myanmar’s leading mobile financial service provider and METRO Wholesale Myanmar, a leading food service distribution business, have announced a partnership to digitize the food supply chain in Myanmar.
Wave Money, the leading mobile financial services provider in Myanmar, received the award for Best Payments Innovation at the 2019 Global Retail Banking Innovation Awards in Singapore.
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.
“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.
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, 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.
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, 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.