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What is Wave Money and why is Yoma bullish despite a tumultuous year?

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Sharanya Pillai

Sharanya Pillai

Published Mon, Jan 17, 2022 · 09:50 PM

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    Singapore

    YOMA Strategic is deepening its investment in Wave Money, a prominent fintech in Myanmar, close to a year since the country's tech scene was throttled by the military coup.

    On Monday (Jan 17), the mainboard-listed company announced that its unit, Yoma MFS Holdings (YMFS), will purchase 51 per cent of Wave Money from Telenor Group for US$53 million. This completes a divestment process that was announced in June 2020.

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    E-walletsFintechMyanmarWealth & Investing

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