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Wave Money delivers digital payments for COVID-19 action in Myanmar

Wave Money, Yangon, Myanmar, finance, digital paymentsYangon-based Wave Money, a mobile financial services provider, has announced that it has teamed up with the government, humanitarian agencies and corporates, to digitally deliver aid to individuals and communities hard-hit by the COVID-19 pandemic.

As part of the ‘WavePay it Forward’ initiative, the company is raising funds through the WavePay app’s PCNC COVID Donation platform for the National Level Central Committee on Prevention, Control and Treatment of COVID-19. The fundraising is running for 2 months, with all proceeds going into efforts to prevent and contain COVID-19, monitor quarantined patients and suspected cases, provide educational awareness, disseminate news, and supervise the importation of medical equipment.

“Digitally-delivered financial assistance is an efficient crisis response. It saves time, saves resources, and saves lives. Wave Money’s support for a number of COVID-19 humanitarian programmes and our very own ‘WavePay It Forward’ fund-raising is in line with our mission to create a fairer future for Myanmar through financial inclusion. More importantly, it is in line with what every one of us believes — that technology is a force for good. Stay strong, Myanmar,” elucidated Brad Jones, CEO, Wave Money.

The adoption of digital payments has increased in recent weeks as societies implement strict public health measures and minimize cash handling to prevent the spread of COVID-19. “Millions of people are now embracing mobile financial services, conveniently transferring money or buying products and services in the comfort and safety of their homes. Digital has also made it easier for people to make a difference whenever and wherever they are,” Jones added.

Wave Money mentioned that its significant digital payments milestones in COVID-19 period also brings a transformative impact to the agriculture sector. With the partnership with Myanmar Agricultural Development Bank (MADB), farmers are enabled to access the digital loans disbursement program through WavePay.

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