Yoma to buy majority share of Wave Money

Yoma Strategic Holdings will purchase a controlling share of Digital Payment Myanmar, operator of e-wallet platform Wave Money. Yoma will buy the stake currently held by Norwegian telecom Telenor for USD 76.5 million. After some financial reshuffling

Alibaba fintech arm invests USD 73.5 mn in Wave Money

Ant Financial (owner of Alipay) will invest USD 73.5 million into digital payment platform Wave Money. With the investment, the Alibaba affiliate will join Yoma Bank and Telenor as the primary stakeholders of one of Myanmar’s largest fintech se
YSH to increase stake in Digital Money Myanmar (Wave Money)

YSH to increase stake in Digital Money Myanmar (Wave Money)

Singapore Stock Exchange-listed Yoma Strategic Holdings (YSH) has agreed to buy an additional 10% in Digital Money Myanmar (Wave Money) from Yangon-listed First Myanmar Investment (FMI) for USD 6 million. Wave Money is the largest mobile payment serv