Category: Media Center EN

Re Telenor Group sells Telenor Myanmar to M1 Group

Wave Money continues to provide essential mobile financial services to millions of customers. We are operating as usual and long-term commitment to Myanmar remains.Wave Money is a separate legal entity to Telenor Myanmar. Although the Telenor Group is one of our shareholders, Wave Money operates independently and is not directly affected by the sale of… Continue reading Re Telenor Group sells Telenor Myanmar to M1 Group

Notification 26 MARCH 2021

Dear WavePay Customers, The cashback promotions for mobile topups will be valid till Wednesday, 31st March 2021. This is effective for all the mobile operators. Thank you for using WavePay application.

New Limits Announcement from the Central Bank of Myanmar

5 March 2021, Yangon, Myanmar – As per the interim instruction we received from the Central Bank of Myanmar, we would like to inform that all WavePay customers can cash out at Wave Money shops up to 300,000 MMK per day and daily transfer to Yoma Bank SMART account is now limited to 300,000 MMK,… Continue reading New Limits Announcement from the Central Bank of Myanmar

Announcement on Launch of WavePay by Wave Money on Shop.com.mm and Partnership for 11.11/12.12 Mega Campaign

The WavePay integration on Shop’s platform highlights the ease and dynamism of e-commerce as Shop makes it more convenient and secure to transact online. This partnership will increase WavePay’s secure digital wallet’s utility and prominence by bringing access to Shop’s array of +1 million products and +6000 sellers to WavePay’s +1.1 million monthly active users.

Wave Money sets record breaking 1.1 Million Monthly Active Users of WavePay

29 October 2020, Yangon, Myanmar – Wave Money has set a new record as WavePay application crossed 1.1 million monthly active users in October. With a remittance value reaching 8 Trillion Myanmar Kyat (US$ 5.9 billion) from January to September 2020, Myanmar’s leading mobile financial services provider posted an impressive daily average growth of 162% in new WavePay registrations by comparison to January 2020.

Empowering Female Agents to Make Safer Financial Transactions

The world is driven by finance, which is why we believe that having access to safe money transfer channels should be a public right. From the day we launched, Wave Money’s vision has always been to “Create a Fairer Future for Myanmar” through greater financial inclusion. Along with this, we aim to empower people with the freedom to manage their money in the way they most prefer. We’ve always believed in the importance of reaching out to the unbanked, many of which live in the rural areas.

Revving Up Digital Literacy to Enhance Financial Inclusion — Brad Jones, CEO

Myanmar has seen an unexpected surge in digital adoption as the country leapfrogs into a world of e-commerce and payment technologies. Digital payments and mobile money services now play a pivotal role in driving financial inclusion, especially among the unbanked population. With this rapid deployment of digital technology comes a range of cybersecurity threats which users need to protect themselves from. This is why it is important to create awareness through digital literacy.

MCM supports Myanmar citizens to #BeCyberSmart

12 October 2020, Yangon, Myanmar – Cybersecurity experts are joining hands to support and protect Myanmar citizens against cybersecurity risks and threats, particularly in light of the COVID-19 pandemic. Speaking at a virtual media briefing to announce the 2020 Myanmar Cybersecurity Month (MCM), U Ye Naing Moe, Director of the Information Technology and Cyber Security Department of the Ministry of Transport and Communications (MOTC-ITCSD), highlighted the importance of being cyber aware and cyber smart as millions of Myanmar citizens leverage technology for social connection, information, entertainment and e-commerce.