Yoma to take 34% stake in mobile payment provider Wave Money in new financial services move

SINGAPORE – Yoma Strategic Holdings on Tuesday announced plans to acquire a 34 per cent stake in Digital Money Myanmar Co, Ltd (Wave Money) from First Myanmar Investment Company Limited (FMI) for US$19.4 million. The mainboard-listed company said the acquisition will spearhead its expansion into the financial services sector that will target the underserved markets […]