Yoma to buy Telenor's stake in Myanmar’s Wave Money for $40m, down from $53m

Yoma to buy Telenor's stake in Myanmar’s Wave Money for $40m, down from $53m

Telenor's 37th LightHouse follows the mission of digital literacy in Myanmar. Photo: Telenor.

Yoma MFS Holdings, a subsidiary of Singapore-listed Yoma Strategic, is acquiring a 51% stake in Digital Money Myanmar (Wave Money), a digital payment service provider, for $40 million, according to a disclosure.