Home Capital Broker's Calls

Yoma to ride on mobile financial services wave in Myanmar

Stanislaus Jude Chan
Stanislaus Jude Chan3/7/2018 11:53 AM GMT+08  • 2 min read
Yoma to ride on mobile financial services wave in Myanmar
SINGAPORE (Mar 7): OCBC Investment Research says it is “broadly positive” on Yoma Strategic Holdings’ foray into mobile financial services in Myanmar.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Mar 7): OCBC Investment Research says it is “broadly positive” on Yoma Strategic Holdings’ foray into mobile financial services in Myanmar.

To recap, Yoma announced Tuesday that it is acquiring a 34% stake in Digital Wave Money Myanmar Co. – the first licensed provider to offer simple and reliable mobile financial services to consumers in the country – for US$19.4 million ($25.6 million).

According to Yoma, Wave Money now serves 1.3 million customers, or 2.5% of Myanmar’s population. Over 80% of the population currently remains unbanked, the group said.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now