Yoma Bank SMART Account Holders enable Free Fund Transfer to WavePay Account

Wave Money, the leading provider of mobile financial services in Myanmar, cooperates with Yoma Bank, one of the most progressive banks in the country to initiate an online linkage system for Yoma Bank SMART Account Holders nationwide who enable online fund transfers to and from WavePay Account with free of charge.

The linkage of WavePay and Yoma Bank SMART accounts is starting today, July 14, 2020. The digital linkage of two accounts can be activated instantly with a One-Time-Password (OTP) sent to the user’s mobile phone which is connected to the Yoma Bank SMART Account. Cash-in and cash-out deals between two connected accounts are free of charge. After the accomplishment of the digital linkage, all the features and services of WavePay application including over 58,000 Wave Shops’ network around Myanmar are bringing to Yoma Bank SMART Account Holders. Photo Source https://web.facebook.com/WaveMoney/

Generally, the electronic linkage was done at the branches of the bank in the previous days and consequently, the users had to physically go to a nearby bank setting up the link by themselves and waiting for several days to make their mobile phones connect their bank accounts prior to the digital payments and transfer funds.

With the integration of technology, the linkage of the Yoma Bank Mobile Banking application and WavePay application becomes a crucial feature due to the greater demands of digital connection during the COVID-19 pandemic. The use of e-wallet makes the payments and transfer funds secure, convenient, and time-saving. Yoma Bank SMART Account Holders can set up the easy linkage with the online linkage system and encounter the convenient daily lives with the use of WavePay during these periods of social-distancing.

Wave Money is the first leading provider of Mobile financial services operating with over 58,000 Wave Shops across Myanmar. Furthermore, Wave Money has partnered with Telenor, Ant Financial Services Group, Yoma Bank, Singapore Stock Exchange-listed Yoma Strategic Holdings providing convenient, fast, and reliable mobile financial services through the Wave Money network. Photo Source https://web.facebook.com/WaveMoney/

Wave money introduced a great way of transferring money offering millions of Myanmar people access to financial services through the online linkage system. Through Wave Money’s mobile financial services, thousands of Myanmar people are transferring their money anywhere and at any time in ease. The Wave Money call center operates 24/7 and is always available for replying to the queries of the customers.

Yoma Bank is the most progressive domestic bank in Myanmar founded in 1993. It has been consistently making strategic investments in central sectors- human resources, technology, corporate administration. Yoma Bank ranks in the top 5 banks in Myanmar with over 3,000 employees and over 80 bank branches across the country.

Wave Money providing digital banking services across Myanmar is established together with Telenor, a telecommunication company in 2015. Yoma Bank goes live attempting to create a unique banking system operating digital banking services across Myanmar.

For more information about Yoma Bank, please visit https://www.yomabank.com/ or https://www.facebook.com/yomabank/.