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Wave Money: Celebrating 8 Years of Trust, Resilience, and Innovation
Press Releases

Wave Money: Celebrating 8 Years of Trust, Resilience, and Innovation

Aug 06, 2024

As we commemorate our 8th anniversary, Wave Money proudly reflects on a journey marked by innovation and commitment to connecting lives across Myanmar and beyond. We take pride in reaching our 8th successful year of operations.

We extend our heartfelt gratitude to all our partners, agents, merchants, customers, and wider community for your unwavering support and trust. This couldn’t have been possible without you. Your trust has been the foundation of our continued success. We are deeply grateful for your unwavering support and for choosing Wave Money as your preferred mobile financial service provider.

But our journey is far from over – we remain committed to enhancing our services, expanding our reach, and driving innovation to meet the evolving needs of our stakeholders. 8 years ago, Myanmar’s digital penetration rate stood at a mere 1%, and today, internet penetration stands at 44%, while cellular mobile connections rate is equivalent to 117.4% of the total population. Myanmar has come a long way, and we still have a long way to go. Wave Money’s journey embodies our dedication to leveraging this growth to continue transforming mobile financial services, enhancing accessibility, and fostering economic growth in Myanmar. (Data Portal

Our achievements:

  • Active users over 11 million
  • Attaining 90% nationwide coverage
  • Achieving 91% rural coverage, continuously supporting the people of Myanmar
  • Enabling QR payments at over 210,000 merchants

Together, we have achieved remarkable milestones, and we promise to continue in the Wave Money tradition of being a reliable partner for our users and stakeholders for many more years to come.

Thank you for being an integral part of Wave Money’s success. Here’s to many more years of innovation and connections!

Money Myanmar Launches International Remittance Service from Thailand to Myanmar
Press Releases

Money Myanmar Launches International Remittance Service from Thailand to Myanmar

Jun 28, 2024

Wave Money Myanmar is pleased to announce the launch of our International Remittance service, enabling money transfers from Thailand directly to Wave Accounts and Wave Agents across Myanmar. This service is designed to support the Myanmar community working in Thailand, providing a reliable and efficient method for sending money home.

With this new service, users can transfer funds directly to Wave Accounts or Wave Agents using the DeeMoney App or Agent shops in Thailand. Recipients in Myanmar will receive the exact amount sent, either directly into their Wave Accounts or available for withdrawal at any of the 50,000+ Wave Agent shops nationwide. This extensive network ensures that funds can be accessed easily, conveniently, and quickly, regardless of location within the country.

Wave Money leverages advanced technology and an extensive agent network to provide a seamless remittance experience. This initiative is a testament to Wave Money’s dedication to enhancing financial inclusion and offering practical solutions tailored to users’ needs. Wave Money is committed to simplifying and accelerating cross-border money transfers, making them more reliable than ever.

Experience the convenience and peace of mind with Wave Money’s International Remittance service. Send money home with confidence, knowing that your loved ones will receive it quickly and securely. Wave Pay offers the fastest and most accurate transfer rates, ensuring your money reaches its destination efficiently. Stay connected and support your family effortlessly, regardless of the distance.

With our commitment to the highest standards of service, we will ensure convenient, reliable and secure mobile financial services through our extensive agent network across the country.

For informed on time of any updates related to our products and services via our Wave Money’s official website (https://wavemoney.com.mm/), WavePay app, or call center.

Your trusted partner,
Wave Money

Re Telenor Group sells Telenor Myanmar to M1 Group
Press Releases

Re Telenor Group sells Telenor Myanmar to M1 Group

Jul 14, 2021

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 Telenor Myanmar.


For guidance on the Telenor Myanmar sale, please refer to the Telenor Group statement here.

ANNOUNCEMENT MAY.21.2021
Press Releases

May 20, 2021

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New Limits Announcement from the Central Bank of Myanmar
Press Releases

Mar 26, 2021

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, effective as of 7th March 2021 until further notice. This new condition applies to both level 2 and level 3 WavePay users.

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Press Releases

Notification 26 MARCH 2021

Mar 26, 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.