About
Wave Money is a Myanmar mobile financial services brand run by Digital Money Myanmar Limited and operating since 2016. In June 2020 Yoma Strategic Holdings agreed to buy Telenor's 51% stake, making it the controlling shareholder, and Yoma Bank is the partner bank of the Wave wallet. It runs two channels. Wave Shop agents send cash transfers for customers who need only a phone number and NRC card, with no account, while the Wave App wallet pays merchants by QR, including the national MMQR standard. Yoma reported 7.7 million unique users and about 207,000 merchants as of 30 September 2025.
Formerly Wave Money.
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