Wave Shop Transfer

Wave Shop Transfer allows you to send & receive money to anyone in your nearest authorized Wave Shop.

  • Any person with a valid legal picture identification (NRC, Passport, driving license etc) can conduct a transaction without need of registration
  • Money can be sent to anyone with or without a Wave Account

Benefits

  • Available, secure and convenient
  • Immediate transfer
  • Real time SMS confirmation

  • Long opening hours – available during shop hours of our Wave Shops
  • No minimum transaction amounts
  • No lengthy paperwork or forms to fill

Pricing:

Wave Shop to Wave Shop Transfer:

Transferring money by visiting any authorized Wave Shop to any customer with a valid legal picture identification (NRC, Passport, driving license etc)
Amount Transfer (Kyat) Price (Kyat)
1 – 10,000 400
10,000 – 25,000 700
25,001 – 50,000 1,000
50,001 – 100,000 1,500
100,001 – 150,000 2,000
150,001 – 200,000 2,500
200,001 – 300,000 3,000
300,001 – 400,000 4,000
400,001 – 500,000 4,500

Wave Shop to Wave Account Transfer:

Transferring money by visiting a Wave Shop to Wave Account user who can withdraw money¬by visiting any authorized Wave Shop
Amount Transfer (Kyat) Price (Kyat)
1 – 10,000 400
10,000– 25,000 700
25,001 – 50,000 900
50,001 – 100,000 1,400
100,001 – 150,000 1,800
150,001 – 200,000 2,300
200,001 – 300,000 2,800
300,001 – 400,000 3,500
400,001 – 500,000 4,000

Money Transfer receiving:

Collecting money from any Wave Shop using your valid legal picture identification (NRC, Passport, driving license etc)

Receive Money
FREE
Receive Money
FREE

Wave Shop Transfer – Limits

  • You can send up to a maximum of 500,000 Kyats per day
  • You can receive up to a maximum of 1,000,000 Kyats per day

Tips & Hints

Sender Tips & Hints:

  • Bring your valid legal picture identification (NRC, Passport, driving license etc) to the Wave Shop whenever you want to send money
  • Always enter 6 digit secret withdrawal code yourself
  • For safety purposes, please use such a 6 digit secret withdrawal code which is not easily guessable by anyone
  • Communicate 6 digit secret withdrawal code and Transaction ID only to the receiver

Receiver Tips & Hints:

  • Bring your valid legal picture identification (NRC, Passport, driving license etc) to the Wave Shop whenever you want to withdraw money
  • Always enter 6 digit secret withdrawal code yourself and never communicate it to anyone

STEP 1

Visit Wave Shop

STEP 2

Share below information to Wave Shop agent:

  • Sender’s mobile number
  • Sender’s valid legal picture identification (NRC, Passport, driving license etc)
  • Receiver’s mobile number
  • Receiver’s valid legal picture identification (NRC, Passport, driving license etc)
  • Amount of money

STEP 3

Enter 6 digit secret withdrawal code, then communicate the secret withdrawal code and Transaction ID to the receiver.

The 6 digit secret withdrawal code must be chosen by the sender, not entered by the Wave Shop agent.

STEP 1

Visit Wave Shop

STEP 2

Share Transaction ID with Wave Shop agent. Identify yourself with valid legal picture identification (NRC, Passport, driving license etc)

STEP 3

Enter 6 digit secret withdrawal code.

Agent, sender and receiver will receive SMS notification messages.

The 6 digit secret withdrawal code must be chosen by the sender, not entered by the Wave Shop agent.

Terms and Conditions for Wave Shop Transfer

I acknowledge that Money Transfer service being availed by me directly through Yoma Bank (the “Bank”) or through agent/sub-agent of Wave Money shall be the subject to the following terms and conditions: ­

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  • I (the Over the counter money transfer transaction Sender) must possess an original and non-fraudulent NRIC (National Registration Identity Card) which I must produce to the Wave Money or the agent/sub-agent. In addition, I acknowledge that I must provide the valid and non-fraudulent NRIC number of the person to whom I am remitting funds (the “Receiver”). I further acknowledge that I am responsible for giving correct NRIC number and other identification details of the Receiver, and the Bank, Wave Money and their agent/sub-agent shall not be responsible for any loss or damage caused to me or any other person due to incorrect information provided.
  • I shall be responsible to select/put passcode by myself for transaction and would NOT ask the Bank, Wave Money and their agent/sub-agent to select/put on my behalf, any misuse or un-authorized withdrawal of money I shall be fully responsible.
  • I shall be responsible to protect and maintain the secrecy and privacy of the transaction passcode (“the passcode”) selected by me. I am also responsible to inform the Receiver of thepasscode. I understand that the passcode should not be transmitted by me using potentially unsafe means such as SMS. It shall also be my responsibility to ensure that the Bank/Wave Money or the agent/sub-agent provides me with a electronic receipt in the form of SMS setting forth transaction details including the transaction ID.
  • I shall be responsible to fully co-operate the Bank/Wave Money or the agent/sub-agent to record the transaction details in the physical logbook maintained by Bank/Wave Money or the agent/sub-agent and my complete signature therein.
  • I will immediately inform the Wave Money/Bank if the Passcode and/or transaction ID is leaked. I accept that I will be liable to ensure that the NRIC of the Receiver entered by the Wave Money/Bank employee or the agent/sub-agent in his mobile phone is correct and I will not hold the Bank or Wave Money liable in case I fail to ensure this.
  • By using the Money Transfer service, I agree that I shall bear and pay all transaction fees as well as any taxes that are applicable or that may be imposed on the transaction fees.
  • I understand that the money transfer transaction limit and schedule of charges as per Wave Money policy are set in accordance to the regulations of Central Bank of Myanmar.
  • I agree to use the Money Transfer service at my own risk and further agree that the Bank or Wave Money shall not be liable for any human errors and/or omission whether committed by themselves or any correspondent, agent, sub-agent (other than any rising from gross negligence or willful misconduct on the part of the Bank or Wave Money) and accordingly I agree to indemnify the Bank and Wave Money against any claims by third parties or loss suffered by me arising from the use of the Money Transfer service. I accept that notice of confirmation of payment to the Recipient does not warrant that the Recipient has received the payment or has access to the funds.
  • I acknowledge that the Receiver will only be able to receive the remitted funds if he or she produces his or her original NRIC and provides the Passcode as well as the transaction ID at the time of collection of funds from the Wave Money/bank or any authorized agent/sub-agent.
  • I represent and warrant that the Money Transfer service will be used by me for bona fide transactions not violating the provisions of any law, regulation or rule applicable in Myanmar and I agree to indemnify the Bank and Wave Money against any and all claims against them arising out a breach of the representation and warranty contained in this Clause.
  • I agree that the Bank and Wave Money may from time to time amend these Terms and Conditions and may notify me of amendments in such manner as they deem fit.
  • I agree to let Wave Money contact me via email, SMS or phone to give me information related to money transfer or other services and/or acquire details from me in relation thereto.
  • I agree that as per policy, Bank/ Wave Money can Suspend/Block any transaction if found fraudulent/illegal or in case of disagreement, or un-collected by the receiver beyond a particular timeframe.
  • I agree that the Bank/Wave Money can Suspend/Block any transaction by the order of any Court of Law/Regulatory Authority/Law Enforcement Agency.
  • I agree that the Bank/Wave Money is authorized to disclose at any time and for any purpose, any information whatsoever relating to my personal, particular, accounts, transactions or dealing with the Bank/Wave Money wherever, to any Government/Regulatory/Law Enforcement Agency, whatsoever where the disclosers are required by the law or otherwise to whom the Bank/Wave Money deems fit to disclose.
  • I understand that the Bank/Wave Money shall not be responsible or liable for any loss suffered as a result of the Bank/Wave Money being prevented from or delayed in providing any service pertaining to the Money Transfer service or any other services including due to strike, acts of war, any natural calamities, failure of power supplies or equipment or any other cause beyond the Bank/Wave Money’s reasonable control.
  • I agree to use valid currency during funds transfer and in case of fake currency usage I will be accountable and punishable as per the laws in Myanmar.
  • I will ensure that the transaction Passcode selected by me is not shared with any unknown person/agent and in case of any misuse I shall be fully responsible.