Top up with Wave Money and live more!
YANGON, 10 October 2018 — Digital game-changers ananda and Wave Money are embarking into a strategic partnership that will enable easy and safe mobile payment for 4G+ internet in Myanmar. This partnership will enable ananda users to easily top up their internet accounts at any Wave Money shop across the country or via the Wave Money app.
At the signing ceremony held today at the Novotel Hotel Yangon, ananda CEO Alan Sinfield said, “Wave Money is a driving force of financial inclusion in Myanmar. Their innovative products have made online shopping, money transfer, and access to digital services simple, swift and secure. We look forward to taking a big step closer to enabling universal broadband access with Wave Money as our partner.”
The unveiling of this partnership is part of Wave Money’s drive towards leading innovation and enabling convenient cashless payments for good and services in Myanmar.
“Wave Money shares ananda’s vision to enable a digital future for the people of Myanmar. As a leading fintech provider in South East Asia, Wave Money provides an open payments platform to facilitate the development and roll-out of innovative products and services from banks, Telco’s, e-commerce providers and other organizations in the region. By providing world-class digital payment solutions to technology players like ananda, I believe we can accelerate the achievement of Myanmar’s financial inclusion and digitization goals to create a fairer future for Myanmar.” said Brad Jones, CEO of Wave Money.
Wave Money boasts unparalleled reach nationwide. With more than 4 million customers and 34,000 agents, Wave Money has been outpacing the growth of bank branches and ATMs across the country since it launched two years ago. In the first quarter of 2018 alone, Wave Money reported an increase of 1,235% in revenue and 2,765% growth in transaction volume.
ananda delivers high quality and high speed 4G+ data service to consumers and enterprise users. From 10th October 2018 ananda users can renew their data plans or add on services to their existing subscription using Wave Money. Launched in May 2018 in Yangon, ananda will be introducing its services in Mandalay later in the year.
About Wave Money
Wave Money is the first and leading mobile financial services provider operating with over 33,000 Wave shops across Myanmar. Wave Money is a joint venture between Telenor, FMI, Yoma Bank and Singapore Exchange listed Yoma Strategic Holdings and provides easy, fast and reliable mobile financial services through a nationwide agent network. Wave Money introduced a unique way of transferring money, bringing millions of people in Myanmar access to formal financial services. Through Wave Money, thousands of people a day are sending money anywhere and at any time. The Wave Money call center operates 24/7 and is always available to respond to any customer queries. For more information, visit www.wavemoney.com.mm.
About Amara Communications
Amara Communications Co., Ltd. (ACS) is a leading provider of services to the telecommunications industry in Myanmar. ACS owns and operates ananda, a 4G+ data operator that enables a liberating digital experience for consumers and enterprise users. Launched in Yangon in Q2 2018 and later in the year in Mandalay, ananda is proud to be wholly Myanmar-owned with international service standards.
Established in 2011, ACS has been providing network rollout services which includes tower foundation civil works, installation of power and radio communications equipment, operation and maintenance of towers, and distribution network for top-up cards. ACS is part of the IGE Group, a Myanmar group of companies with a diverse portfolio of businesses, including power, energy, infrastructure development, hospitality, financial services and telecommunications. For more information, please visit www.ananda.com.mm.
For media enquiries, please contact:
Ms. Nu Yin Myint
Marketing and Communications | Wave Money
(95) 9 791 009 061
Ms. Nyein Chan Thu
Public Relations and Internal Communications Manager | ananda
(95) 9 777 756 858