News
06 Aug, 2024

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


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!

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