Tag "Wave Money"
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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Fintech in Myanmar, an Overview
In countries like Myanmar, financial inclusion is a topic of growing importance. The rapid advances in technology are changing the way people access and consume financial products. In Myanmar, fintech companies and corporations are capitalizing on the country’s rapid development
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