WavePay app reaches more than 1 million active users

Wave Money’s mobile payment app WavePay has crossed more than 1.1 million monthly active users with remittance value reaching nearly US$6 billion within nine months. Wave Money’s remittance value reached $5.9 billion in the first nine months of the year, representing average growth of 162 percent since January. This includes more than $13 million transferred […]

Myanmar garment exports soar following EU trade pact

Garment exports have surged since the European Union admitted Myanmar into its generalised system of preferences last April, opening up European markets. According to U Aung Myint, director of SMC garment manufacturing and member of the Myanmar Garment Manufacturers’ Association, Myanmar exported US$400 million worth of garments from May through July, on pace to surpass […]