10 October 2018
Wave Money and ananda are working in partnership for new payment system that will enable easy and safe mobile payment for 4G+ internet in Myanmar. A strategic 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.
“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,” said ananda CEO Alan Sinfield, at the signing ceremony held at the Novotel Hotel Yangon, on 10th of October, 2018.
From 10th October 2018, ananda users can renew their data plans or add on services to their existing subscription using Wave Money. Ananda Customers or users can pay Ananda Bill and pay for top up through three channels: Wave Account, 34,000 agents across Myanmar or directly through the Ananda itself.
“Wave Money shares Ananda’s vision to enable a digital future for the people of Myanmar. As a 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,” explained Brad Jones, CEO of Wave Money.
With more than 4 million customers and 34, 000 agents, Wave money has been supporting for the growth of bank branches and ATMs across the country since its launch in 2016. An increase of 1,235% in revenue and 2,765% growth in transaction volume was reported by Wave Money during the four months of 2018 alone.
On the other hand, Ananda provides high quality and high speed 4G+ data service to consumers and enterprise users. Launched in May 2018 in Yangon.