Myanmar's digital money transfers set to triple in 2019

Top operator Wave Money expects to move $4bn in cash as traditional remittances disappear

20190701 Wave Money Myanmar

Wave Money has a nationwide network of 45,000 agents, far outnumbering bank branches and ATMs in Myanmar. (Photo by Yuichi Nitta)

YUICHI NITTA and THUREIN HLA HTWAY, Nikkei staff writers

YANGON -- Digital money transfer services in Myanmar by mobile phone operators and banks have all but replaced traditional remittances in only a few years.

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