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

Terms and Conditions for Wave Shop Transfer

I acknowledge and agree that money transfer service being availed by me directly through Yoma Bank (the “Bank”) or through agent/sub-agent of Wave Money using Wave Shop Transfer platform (“Money Transfer”) shall be subject to the following terms and conditions (the “Terms & Conditions”): ­

  • When I use Money Transfer services described in this Terms & Conditions, or authorize others to use them, I read, agree and accept to be bound entirely by the Terms & Conditions contained herein.
  • I, the Over-the-Counter money transfer transaction sender, must possess an original and non-fraudulent National Registration Card (“NRC”) which I must produce to Wave Money or the agent/sub-agent. In addition, I acknowledge that I must provide the valid and non-fraudulent NRC number of the person to whom I am remitting funds (the “Receiver”).
  • I further acknowledge and agree that I am responsible for giving correct NRC number and other identification details of the Receiver, hence the Bank, Wave Money and their agent/sub-agent shall not be responsible for any loss or damage caused to or by me or any other person due to incorrect information provided.
  • I shall be responsible to select/put passcode by myself for transaction (the “Passcode”) and will NOT ask the Bank, Wave Money and their agent/sub-agent to select/put on my behalf. I shall be fully responsible for any misuse or unauthorized withdrawal of money.
  • I shall be responsible to protect and maintain the secrecy and privacy of the transaction Passcode selected by me. I am also responsible to inform the Receiver of the Passcode. I understand that the Passcode shall not be transmitted by me using potentially unsafe means such as short message service (“SMS”) or any other means. It shall also be my responsibility to ensure that the Bank/Wave Money or the agent/sub-agent provides me with an electronic receipt in the form of SMS setting forth transaction details including the transaction’s identification (“Transaction ID”).
  • I shall be responsible to fully cooperate with 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.
  • I will immediately inform Wave Money/the Bank if the Passcode and/or Transaction ID is leaked. I accept that I will be responsible to ensure that the NRC of the Receiver entered by Wave Money’s/the Bank’s employee or the agent/sub-agent in his mobile phone is correct.
  • I agree that I will not hold the Bank or Wave Money liable in case I fail to ensure my obligations and responsibilities under these Terms & Conditions.
  • By using the Money Transfer service, I agree that I shall bear and pay all transaction fees as well as any taxes that may be 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 with 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 and its owners, directors, officers, agents or sub-agents 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, defend and hold harmless the Bank and Wave Money and its owners, directors, officers, agents or sub-agents against any or all claims, losses, expenses, damages and costs (including, but not limited to, direct, incidental, consequential and indirect damages) by third parties or loss suffered by me arising from the use of the Money Transfer service or any violation by me of the Terms & Conditions.
  • I agree that notice of confirmation of payment to the Receiver does not warrant that the Receiver has received the payment or has access to the funds.
  • I acknowledge and agree that the Receiver will only be able to receive the remitted funds if he or she produces his or her original NRC and provides the Passcode as well as the Transaction ID at the time of collection of funds from Wave Money/the 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 & 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 call to give me information related to money transfer or other services and/or to acquire details from me in relation thereto.
  • I agree that as per Wave Money’s internal policy, Bank/Wave Money can suspend/block any transaction if found fraudulent/illegal or in case of disagreement, or uncollected by the Receiver beyond a particular timeframe set by Wave Money.
  • 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’s/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 processed in accordance with the prevailing laws in Myanmar, both in criminal and civil proceedings.
  • I will ensure that the transaction Passcode selected by me is not shared with any unknown person or the agent/sub-agent. In the case of any misuse I shall be fully responsible.