Wave Money is reported to be more widely used by connecting with the Flexi Everyday account of Yoma Bank

Wave Money has teamed up with Yoma Bank, one of Myanmar’s largest commercial banks, and launched a new service.

The new service is that Wave Money customers can now enjoy a wide array of mobile financial services by connecting their WavePay wallet with Yoma Bank Flexi Everyday Account.

With some simple steps on the WavePay Application, users will be able to connect the WavePay account with the Flexi Everyday Account and transfer or unlimited cash withdrawal from the nearest Yoma Bank or ATM.

“We are aware that our customers, agents, and partners were experiencing liquidity challenges caused by recent changes. Guided by our mission to Build a Better Myanmar for its People, we launched this new Wave-Flexi Linkage together with the Yoma Bank team to enable Wave Money users to enjoy hassle-free cash withdrawals & payment services. The new ecosystem will immensely help our agents & distributors to provide adequate cash for our customers across Myanmar,” said Brad Jones, CEO of Wave Money. Photo Source https://www.facebook.com/WaveMoney

Through an initial activation phase of the new Wave-Flexi linkage in early July 2022. Wave Money has already upgraded the Wave distributor & agents accounts to the new Yoma Bank Flexi Connect Account to help seamless transition into Flexi ecosystem.

Currently, all the agents have access to unlimited cash, they can either get cash at their nearest Yoma Bank branch or by exchanging e-money with their respective DTR representatives. Through our extensive agent network of over 50,000 agents across the country. Wave Money customers can read the benefits of a secure, fast and convenient way to send & receive money at checkout counters.

WavePay was launched in 2020 to make everyday financial transactions more convenient and accessible for the people of Myanmar. WavePay is a mobile wallet application that delivers a new era of digital paytech for Myanmar. WavePay fosters a vibrant fintech ecosystem and an enriching, secure and convenient digital payment experience and offers major use cases such as money transfer service, mobile top-up bill payment, loan repayment, basic utility service payment, merchant payments, and ticketing services.