All News and Announcements

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News

Swedfund Invests $5 Million in Bridge Bank Microfinance to Enhance Financial Inclusion in Côte D’Ivoire

The investment aims to strengthen financial assistance for micro, small and medium scale enterprises (MSMEs), particularly those owned by women in Côte D’Ivoire.

News

British International Investment and Compagnie Financière Africaine (COFINA) Advance Gender Finance for Small Businesses in Côte D’Ivoire Through EUR 14 Million Loan

The partnership will enhance local Micro-, Small- and Medium-sized Enterprises’ access to much needed credit for business growth, help create jobs and address gender finance gap.

News

Telenor to Divest Wave Money, Exit Myanmar Mobile Banking

The sale of the stake for $53 million in cash values Wave Money at $104 million and is set to be finalized in the coming days, according to people close to the deal.

News

Central Bank of Myanmar Issues Remittance Licenses to More Local Companies

City Express Myanmar and Money King were granted remittance licenses on 5 January.

News

Bank-Genie Partners With Cufa to Roll-Out Digital Banking for Myanmar Credit Unions

The program will enable credit unions to facilitate loan origination, approvals, disbursements, and deposits digitally.

News

Microfinance Firms in Myanmar Struggle to Stay Afloat in Second Wave

Government travel restrictions and orders to defer repayments and lower interest rates on loans due to COVID-19 have reduced the ability of Myanmar’s microfinance companies to help rural people who desperately need capital.

News

COVID-19 Is Boosting Fintech and Mobile Money in Myanmar, but What’s Next?

Where does Myanmar’s fintech industry stand after its first decade?

News

Lift and Department of Social Welfare Announce $9 Million in COVID-19 Cash Support

Myanmar Ministry of Social Welfare, Relief and Resettlement, Department of Social Welfare and Livelihoods and Food Security Fund LIFT have announced funding of $9 million in COVID-19 cash support to mothers, pregnant women and social pension beneficiaries.

News

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

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.