Wave Money Partners with Amdocs for Digital Transformation in Myanmar

Wave Money, a prominent mobile financial services provider in Myanmar, has selected Amdocs, a global leader in software and services for communications and media companies, to upgrade its core platform. This integration aims to introduce the Amdocs Digital Financial Services platform, allowing Wave Money to enhance its operational efficiency and expand its financial services offerings.

The collaboration is set to empower Wave Money by providing the necessary agility to adapt to market demands, increase scalability, and optimize costs. The upgraded platform will offer a broader range of financial tools to support both urban and rural users, contributing to financial inclusion across the country.

Htin Hlaing, CTO at Wave Money, emphasized the company's role in facilitating accessible, mobile financial transactions in Myanmar. The new platform is expected to support Wave Money's strategic goal to expand its services and improve the mobile wallet experience for users. Amdocs aims to enable Wave Money to introduce innovative digital services seamlessly and prepare for future growth.