Ant Financial to acquire a minority stake in Wave Money for $73m.

Ant Financial Services Group, a Fintech company, to acquire a minority stake minority stake in Wave Money, a mobile financial services provider for $73m. “Wave Money is excited to announce this partnership and look forward to accelerating our digital journey with the support and expertise from Ant Group. Myanmar is ready for mass adoption of digital payments with a connected population and high smartphone penetration. This partnership will be transformative for Wave Money and Myanmar," Brad Jones, Wave Money CEO.