Wave MoneyWave Money

Myanmar E-wallet Foreigners restricted Not a bank · not insured ★ 3.9

Open on official site ↗

OperatorWave Money (Myanmar, with Yoma Bank, CB-licensed)

Minimum top-upNo strict minimum; cash agents or card

Main feesFree to open; local transfers/bills often low or free; cash-out per rates.

Local bank neededCard/transfer; also huge cash-agent network

How to sign upApp/agents — register, ID check, fund, transfer/pay/shop

Sign-up timeMinutes to register; verification usually hours

Data baseline 2026-10. Editor-verified, but rules change — confirm with the official site before applying. Data transparency →

About this wallet

Myanmar’s dominant mobile wallet for transfers, top-ups, utilities and merchant pay, with the densest cash-agent network — key for the unbanked.

!Not a bank. Wave Money is Myanmar’s leading e-wallet (PI); funds segregated per CB rules, not deposits.

Can foreigners or tourists open it?

Limited. Needs a Myanmar phone and KYC; foreigners with a local number and ID may open, subject to policy.

Advantages

Widest Myanmar coverage, dense agents
Easy transfers/bills
Low barrier

Limitations

Foreigners’ opening limited
Cash-out and some fees
Not deposit-insured

What you need

Myanmar phone
ID (verification)
Cash or card for funding

No strict minimum; cash agents or card｜Free to open; local transfers/bills often low or free; cash-out per rates.

How to sign up

Install Wave Money or visit agent
Register with phone and verify
Fund by cash/card
Transfer or pay

Limits & protection

By tier and CB rules — in app

FAQ

Can a foreigner or tourist open Wave Money?

Limited. Needs a Myanmar phone and KYC; foreigners with a local number and ID may open, subject to policy.

Do I need a local bank account or a local phone number for Wave Money?

Local bank account: Card/transfer; also huge cash-agent network. Items typically needed: Myanmar phone; ID (verification); Cash or card for funding.

What documents are required to open Wave Money?

Typically: Myanmar phone; ID (verification); Cash or card for funding.

How do I sign up for and top up Wave Money?

How to sign up: App/agents — register, ID check, fund, transfer/pay/shop (Minutes to register; verification usually hours). Steps: 1) Install Wave Money or visit agent 2) Register with phone and verify 3) Fund by cash/card 4) Transfer or pay Fees: Free to open; local transfers/bills often low or free; cash-out per rates.

Are there limits on Wave Money? Is the balance deposit-insured?

By tier and CB rules — in app

Ready? Open it officially

E-wallet rules change often — always follow the latest instructions in the official app.

Open on official site ↗ We charge no fees and cannot guarantee approval — always apply through official channels.

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