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Telenor Sells 51% Stake in Wave Money for US$ 53 Million

Telenor Group announced that it will be selling its 51% stake in digital payment solutions provider Digital Money Myanmar, also known as Wave Money, for US$ 53 million to Yoma MFS Holdings, a subsidiary of Yoma Strategic. This subsidiary is to

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Wave Money Doubled Its Transaction Volume Last Year at US$ 8.7 Billion

Wave Money, a Myanmar-based mobile financial services provider, recorded a total of 12 trillion Myanmar kyat (US$ 8.7 billion) in transactions last year as the country rapidly embraced digital financial services in the face of the COVID-19 pandemic. The firm

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Myanmar’s Wave Money Clocks More Than a Million Monthly Users for Its Wavepay App

Wave Money, a Myanmar-based mobile financial services provider, announced that its WavePay application has crossed 1.1 million monthly active users in October. With a remittance value reportedly reaching 8 Trillion Myanmar Kyat (US$ 5.9 billion) from January to September 2020,

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Wave Money targeted by Yoma, 19.4 Mio USD for 34% stake

Yoma Strategic Holdings Ltd. plans to acquire a 34% stake in Digital Money Myanmar Co., Ltd. (“Wave Money”) from First Myanmar Investment Company Limited for US$19.4 million, which is subject to completion and will be funded within existing capital plans

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Wave Money Is The First Fintech Company In Myanmar To Launch An Open API Linking Merchants And Customers

Wave Money is the first fintech company in Myanmar to launch an open Application Programming Interface (API) platform with the introduction of the Wave Money Developer Portal which will enable cashless payments between merchants and customers. This is the latest

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Why B2B Payments Is The Next Big Domino in APAC’s Fintech Innovation Wave

In the midst of the Covid-19 pandemic, a 2020 McKinsey report projected that Asia’s payments sector would be well positioned to exceed US$1 trillion in annual revenue by 2022 or 2023, despite also forecasting a temporary 1-8% decline in Asia’s

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Payments Firm Ascend Money Becomes Thailand’s First Fintech Unicorn

Ascend Money, has hit US$1.5 billion valuation following its latest US$150 million funding, making it Thailand’s first fintech unicorn. The funds will be used to grow the user base of its e-wallet application; TrueMoney Wallet and to expand digital financial

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Malaysia’s New Wave of Digital Banks

Get a sense of Malaysia’s digital applicants’ aspirations and how it will shape BFSI in Malaysia

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MoneyLIVE APAC: The Digital Sessions

MoneyLIVE APAC: The Digital Sessions sets the scene for Asia’s leading professionals to connect and discuss the latest developments in banking, payments and FinTech online. Whether it’s virtual banking licences, new business models, partnerships, customer experience, agile operations, digital wallets or

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MoneyLIVE APAC: The Digital Sessions

MoneyLIVE APAC: The Digital Sessions sets the scene for Asia’s leading professionals to connect and discuss the latest developments in banking, payments and FinTech online. Whether it’s virtual banking licences, new business models, partnerships, customer experience, agile operations, digital wallets

Read More