Wave Money Leads Digital Payments for COVID-19 Action in Myanmar
Government, humanitarian agencies, and corporates have teamed up with Wave Money, the leading mobile financial services provider in Myanmar, to digitally deliver aid to individuals and communities hard-hit by the COVID-19 pandemic.
For the duration of the COVID-19 crisis, Wave Money has committed to waiving all service fees for the disbursement of funds to at-risk and affected sectors. Wave Money’s digital platform is the trusted channel for social security payments, loans for farmers, emergency funds for garment workers, and cash relief for street vendors. The Social Security Board under the Ministry of Labor, Immigration and Population, the Myanmar Agricultural Development Bank (MADB), the Myan Ku Fund project of the European Union which is financed through the EU’s Humanitarian Development Peace Nexus Response Mechanism (NRM) managed by UNOPS, “I Do Nation”, a multi-sector fund-raising campaign for street vendors initiated by Doh Eain and MultiVerse Advertising and Free Cash Program For The Needy (FCPN) project which is initiated by Myanmar famous actor Zenn Kyi and Central Base Production, are among those leveraging Wave Money’s platform free-of-charge. 
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As part of Wave Money’s community kindness initiative “WavePay it Forward”, Wave Money is also raising funds through the WavePay app’s PCNC COVID Donation platform for the National Level Central Committee on Prevention, Control, and Treatment of COVID-19. The fundraising is running for two months, with all proceeds going into efforts to prevent and contain COVID-19, monitor quarantined patients and suspected cases, provide educational awareness, disseminate news, and supervise the importation of medical equipment.
“Digitally-delivered financial assistance is an efficient crisis response. It saves time, saves resources, and saves lives. Wave Money’s support for a number of COVID-19 humanitarian programs and our very own “WavePay It Forward” fund-raising is in line with our mission to create a fairer future for Myanmar through financial inclusion. More importantly, it is in line with what every one of us believes – that technology is a force for good. Stay strong, Myanmar,” said Brad Jones, CEO of Wave Money.
Wave Money’s significant digital payment milestones in the COVID-19 period also bring a transformative impact on the agriculture sector. With the partnership with Myanmar Agricultural Development Bank (MADB), farmers are enabled to access the digital loan disbursement program through WavePay. 
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In April, Wave Money launched the campaign #StayStrongMyanmar which consolidates all active programs and community support for sectors adversely affected by COVID-19.
Through the WavePay application, donations are currently being mobilized and disbursed safely and efficiently to beneficiaries, minimizing the need for physical contact. Direct donation to those affected by COVID-19 through services and organizations such as the Free Funeral Services Society Yangon, Dhamma Young Chi, Hnin Si Gone, and so on.
In addition, Wave Money has donated more than 68 million MMK to health and humanitarian groups; Medical Action Myanmar and Population Services International Myanmar that have been actively initiating movements against COVID-19 since its inception in Myanmar, to fulfill the needs of the organization while they are implementing the COVID-19 response activities.
