Over a roughly three-month span in 2026, two of Myanmar’s largest private banks each turned up on a criminal extortion group’s leak site. In June, the group LAPSUS$ claimed to have stolen more than 120GB of data from AYA Bank and threatened to publish it unless a ransom was paid by July 8, according to … Read more
Myanmar’s central bank has instructed local banks and mobile payment operators to introduce technical restrictions that would prevent apps such as K-Pay, Wave Money, AYA Pay and CB Pay from being accessed outside the country, according to a report published by MoeMaKa on August 28, 2026. The restrictions are reported to have been set to … Read more
Wave Money has partnered with Malaysian remittance operator Merchantrade to open a new international money transfer corridor from Malaysia to Myanmar, according to a press release published on Wave Money’s official site on July 1, 2026. Money sent through the service can be deposited directly into a recipient’s Wave Wallet or picked up in cash … Read more
TrueMoney, a leading Southeast Asian fintech and digital payment platform, has strategically partnered with Myanmar’s largest private bank, KBZ Bank, and its fastest-growing mobile wallet, KBZPay, to introduce a fast, secure, and affordable international remittance service from Thailand to Myanmar. This partnership is designed to empower Myanmar migrant workers in Thailand by enabling them to … Read more
KBZ Bank, Myanmar’s largest private bank and operator of KBZPay, the country’s leading mobile wallet, hosted the second KBZPay Ecosystem Summit on 10 December 2024, at the Wyndham Grand Yangon Hotel. The summit brought together more than 300 key stakeholders, including entrepreneurs, merchants, developers and KBZPay representatives to explore new opportunities within the KBZPay ecosystem. … Read more