According to the press release, for the duration of the COVID-19 crisis, Wave Money has committed to waiving all service fees for the disbursement of funds to at-risk and affected sectors. Moreover, the Social Security Board under the Ministry of Labor, Immigration and Population, the Myanmar Agricultural Development Bank (MADB), the Myan Ku Fund project of the EU, and MultiVerse Advertising and Free Cash Program For The Needy (FCPN) project, are among those leveraging Wave Money's platform free-of-charge.
Through the WavePay application, donations are currently being mobilised and disbursed safely to beneficiaries, minimising the need for physical contact. Besides, as part of Wave Money's community kindness initiative ‘WavePay it Forward’, Wave Money is raising funds through the WavePay app's PCNC COVID Donation platform for the National Level Central Committee on Prevention, Control and Treatment of COVID-19.
The fund raising is running for two months, with all proceeds going into efforts to prevent and contain COVID-19, monitor quarantined patients and suspected cases, provide educational awareness, disseminate news, and supervise the importation of medical equipment.
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