science

Wave Money

Wave Money is a science topic covered in the lgStudy science library. This page brings together a partial reference excerpt, illustrations, worked examples, real-world applications and a short study plan, so you can understand Wave Money rather than just read about it. In short: Wave Money (Burmese: ဝေ့မန်းနီး) is a Myanmar-based mobile financial services provider headquartered in Yangon. The company was established in 2016.

Key takeaways

Wave Money belongs to science; place it in that map before memorising details.
Learn the definition first, then one example that makes the definition concrete.
Connect Wave Money to a quantity you can measure, compute or draw — that is where exam questions come from.
Reproduce the core statement of Wave Money from memory before moving on to harder problems.

Reference excerpt

Wave Money (Burmese: ဝေ့မန်းနီး) is a Myanmar-based mobile financial services provider headquartered in Yangon. The company was established in 2016.

History Wave Money was established in 2015 as a joint venture between Telenor Group, Yoma Bank, Yoma Strategic Holdings and First Myanmar Investment. The founding CEO of Wave Money was Brad Jones, an experienced executive in mobile financial services who had also been the founder of Wing Cambodia in 2008. In August 2016, Wave Money was awarded the license to become the first non-bank institution to work under Myanmar's new Mobile Financial Services Regulation. After two months of launching Wave Money, the number of its subscribers reached 100000 customers and reached 1.3 million as of March 2018. During 2018, transactions amounted to $1.3 billion, which is approx 2 percent of Myanmar's GDP, and raised to $4.3 billion during 2019. In June 2018, in association with the United Nations Capital Development Fund and Australia's Department of Foreign Affairs and Trade, Wave Money launched Shwe Toe, a financial education gamification app that aims to help young women with a better understanding of financial concepts. In March 2019, Wave Money collaborated with Myanmar Economic Bank to provide mobile pension payments to government pensioners. In November 2019, Yoma Strategic acquired 10% stake from First Myanmar Investment. In May 2020, Alibaba Group's fintech arm, Ant Financial Group announced an investment of $73.5 million with the intention to make a 33% stake in WaveMoney by way of new share issuance. In June 2020, Yoma Strategic founded Yoma MFS (Wave Holdco) with the plan of acquiring Telenor's entire 51% stake in Wave Money.

References

Illustrations

Worked examples

Example 1 — a first encounter with Wave Money

Start with the simplest possible case. Write down what Wave Money claims or describes in one sentence, then invent the smallest concrete situation in which that sentence is true. In science, the smallest case is usually a single object, a single equation or a single measurement. Check that every symbol or term in your sentence has a meaning in that case.

Example 2 — changing one variable

Take the situation from Example 1 and change exactly one quantity: double it, halve it, or set it to zero. Predict what should happen to Wave Money before you calculate. Comparing your prediction with the result is the fastest way to find out whether you understand the idea or only the words.

Example 3 — an exam-style question

Typical questions about Wave Money ask you to (a) state it precisely, (b) apply it to given data, and (c) explain a limitation. Practise writing all three answers in under five minutes; the third part is what separates a full-mark answer from an average one.

Applications of Wave Money

In research: Wave Money appears in science research whenever the underlying quantities have to be modelled precisely. Papers usually cite it as a starting assumption and then explore where it breaks down.
In technology and industry: Engineering practice reuses Wave Money in design rules, simulations and safety margins. Knowing the idea lets you read a specification sheet and understand why the numbers look the way they do.
In the classroom: Wave Money is common in secondary-school and first-year university syllabi. It links to neighbouring topics 2016 establishments in Myanmar, Companies based in Yangon, Internet in Myanmar, so understanding it makes those chapters shorter.
In everyday life: Look for Wave Money outside the textbook — in sport, cooking, traffic, electronics or the sky above you. An example you found yourself is remembered far longer than one you were given.

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How to study Wave Money in 20 minutes

Read the reference excerpt below once, without taking notes.
Close the page and write down what Wave Money means in your own words.
Compare your version with the excerpt and mark what you missed.
Work through the three examples above with pen and paper.
Explain Wave Money out loud to somebody else — or to Teacher Smith in the lgStudy chat.

Frequently asked questions

What is Wave Money in simple terms?

Wave Money (Burmese: ဝေ့မန်းနီး) is a Myanmar-based mobile financial services provider headquartered in Yangon. The company was established in 2016.

Why does Wave Money matter?

Because it connects several science ideas at once: it gives you a definition you can apply, a quantity you can calculate, and a way to check whether a result is plausible.

How should I study Wave Money?

Read the excerpt, restate it from memory, then work through the examples and applications listed on this page. The five-step study plan above takes about twenty minutes.

What does this page cover?

It gives you a compact reference excerpt plus original lgStudy explanations, examples, applications and study material on Wave Money.