Yoma Strategic's Mobile Payments Joint Venture in Myanmar Ties up With Alipay Operator

Source: The Straits Times

Alipay operator Ant Financial Services Group will invest $73.5 million (SGD 104.9 million) in Digital Money Myanmar (Wave Money) - a mobile payments joint venture (JV) between Telenor Group and the Yoma Ggroup - as part of a strategic partnership to promote financial inclusion in Myanmar.

The partnership will allow Wave Money to leverage Ant Group's experience in building mobile payment platforms to enhance its digital competence, capabilities, user experience and service offerings.