Telenor to divest Wave Money stake to Yoma-led group, exit Myanmar mobile banking

Telenor to divest Wave Money stake to Yoma-led group, exit Myanmar mobile banking

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

Telenor, the Norwegian telecommunications operator, has agreed to sell its 51% stake in Wave Money, one of Myanmar’s biggest mobile payment services, to a consortium led by Singapore-listed Yoma Strategic Holdings, its main partner in Wave, Nikkei has learned.