Comparison

KBZ mBanking vs WavePay

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

KBZ mBanking

Access your banking services on the go. Perform fund transfers, view account activities, and manage your finances conveniently from your mobile device.

Highlights
  • Fund Transfer
  • Account Activities
  • Mobile Banking
  • Financial Management
Features
Read full description

Mobile App for KBZ customer with Banking services such as Fund Transfer,Account Activities and so on...

About

WavePay

This app facilitates digital payments for everyday needs, including sending money, scanning QR codes for purchases, topping up mobile credit, and paying bills. It offers secure transactions with PIN protection and a unique device login feature. Users can also link bank accounts and MPU cards for easy fund transfers.

Highlights
  • Send money via mobile number
  • Scan QR codes for instant payments
  • Mobile top-ups and pack purchases
  • Pay bills (internet, solar, insurance, loans)
  • Link bank accounts and MPU cards
  • Secure transactions with PIN and secret code
  • Cash-in/Cash-out via agent shops
Read full description

Fast, Easy and Safe Online payments - Myanmar's Leading Mobile Financial Service WavePay, Mobile wallet application by WaveMoney enabling the inclusion of all users into the digital payment ecosystem, riding on the largest network of ~60,000 agents and 200,000+ merchants. WavePay is one stop solution for all your payment needs: • Send money to your family and friends using mobile number, including to those who are not on WavePay APP • Scan QR code and make instant payments at grocery stores, medical shops, electronic shops, restaurants etc. • Top up or buy packs for your or your family and friends mobile. • Pay your bills easily – Internet, Solar, Insurance, MFI loans etc. • Link your bank or MPU cards and easily transfer funds in and out of the wallet easily. Safe and Secure payments • Protected with “One Wallet, One Device” (1W1D) feature that enables access of your account from only 1 device at any point of time, keeping your WavePay account safe & secure. • Set your PIN, which is a 4-digit number, It’s mandatory to set the PIN while creating your account and authorize all transactions using your PIN • Additional security of a 6-digit secret code for money transfer to people who are not on WavePay app. Money can be easily collected at the nearest WaveMoney agent shop by providing a transaction ID and 6-digit secret code Easy Cash-in and Cash-out services • Easily Cash-in or Cash-out at your near Wave agent shops; more than 60,000 agents across the country are at your service all the time • Link your bank accounts from our partner banks or any e-commerce enabled MPU cards for easily moving funds in and out of the wallet Easy Airtime top up and bill payments. • Top up or buy packs for your mobile and always stay connected with your loved ones. You can top up to any operator mobile number – ATOM, MPT, Ooredoo • Make your internet bill payments across 30+ providers including ATOM, Ooredoo, Myanmar Net, 5BB, Fortune, Mahar Net, WeLink, Myanmar APN etc. • Make your loan repayments across 40+ partners including – Aeon, Rent2Own, Early Dawn, Yoma Bank, Mahar Bawga,, Advans, Alliance, VisionFund etc. • Make your Insurance payments of Prudential, Manulife, Capital Taiyo, Young Insurance, KBZ MS General Insurance etc • Make your Solar bill payments of OV Solar, Solar Home, Sun King Solar • Make your healthcare and telehealth service payments of PunHlaing Hospitals, MyanCare, myDoctor, Health4U, T-Fitness etc. Fast and reliable payments at Online stores • Make your online shopping payments at Shop.com.mm, OwayFresh and many other trusted partners instantly using WavePay and avoid worries about cash on delivery. • Order your favorite food or groceries on FoodPanda and pay using the WavePay app Book Hotels & Tickets for Bus, Flights • Domestic or international; One-way or Round trip – Book your flight tickets on FlyMya, AirKBZ etc and make payments with your WavePay wallet. • Book online bus tickets - MMBus Ticket, Oway, AungSan, AungMinGalar, Mandalay Gate. Check seat availability & get real-time updates. • Book hotels before you travel – Memories Hotel, Memories Travel, Balloons Over Myanmar, etc. • Make hassle-free payments for your groceries, medicines, electronics and clothing purchases by scanning Wave QR at 200,000+ merchants. Contact Us • WaveMoney Call Centre is available every day 8 AM-10 PM to provide any assistance. Call 900 from ATOM Numbers (free) or 097900090000 for other operator numbers To become a business partner, agent? E-mail us at business@wavemoney.com.mm or call our call-center

Screenshots

KBZ mBanking4 screens
WavePay4 screens

Verdict

The call

The clearest difference is rating: WavePay at 3.8 against KBZ mBanking's 1.9. WavePay also leads on review sentiment (17% vs 5%). KBZ mBanking's advantage is ads (none vs shown) and monetization model (free vs free with in-app purchases). On price, ratings volume, update cadence and in-app purchases there is nothing between them.

Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

ReceptionRating · Positive reviews · Number of ratings

WavePay holds the better App Store score, 3.8 against 1.9. Both are backed by a comparable volume of ratings — 4.1K and 1.8K respectively. Written reviews point the same way: 5% of KBZ mBanking's written reviews are positive against 17% of WavePay's.

UpkeepUpdate frequency

Both ship on a similar rhythm, roughly every 2 months. Both last shipped on September 23, 2026.

Scorecard5 real differences · 5 level
KBZ mBanking versus WavePay: the parameters behind the verdict, then further details
ParameterKBZ mBankingWavePay
PriceFreeFree
Rating1.9 (4.1K ratings)3.8 (1.8K ratings) — better
Positive reviews5.4% of reviews17.2% of reviews — better
Number of ratings4.1K — better1.8K
Update frequencyEvery 2 monthsEvery 2 months
AdsNo — betterYes
In-app purchasesNoNo
MonetizationFree — betterFree with in-app purchases
DevicesiPhone, iPad, iPod — betteriPhone, iPod
Requires iOS10.0 — better13.0
Further details — not scored
Size45 MB135 MB
Age rating4+4+
DeveloperKanbawza Bank LimitedWave Money

Customer experience

KBZ mBanking

All ratings4,096 ratings
Positive21.4%
Neutral3.2%
Negative75.4%
Written reviews223 reviews
Positive5.4%
Neutral4.5%
Negative90.1%

WavePay

All ratings1,832 ratings
Positive65.7%
Neutral9.7%
Negative24.6%
Written reviews99 reviews
Positive17.2%
Neutral6.1%
Negative76.8%

User reviews

KBZ mBanking

From 4.1K App Store ratings

What we love

  • 👍 Good service
  • 📦 Data package buying service

Room to improve

  • 🐛 Frequent crashes and errors
  • ⏳ Constant log-outs and session timeouts
  • 🤖 Outdated and unintuitive UI
  • 🔒 Lack of security and privacy
  • 🚫 Unethical practices and military support

WavePay

From 1.8K App Store ratings

What we love

  • 🚀 Fast and easy to use
  • 🔒 Secure payment system
  • 👍 Colorful and user-friendly UI
  • 💡 Device authorization feature

Room to improve

  • 🐛 App crashes and freezes
  • 🔒 Difficult account recovery process
  • 👎 Poor customer service
  • 💰 Deduction of remaining balance

Bugs and requests

KBZ mBanking

Reported bugs

4 issues
  • Recurring 'session expired' errors
  • Inability to log in or access account
  • Glitches with money transfers and payments
  • Disappearing app features and functionality

Requested features

4 requests
  • Improve transaction history and activity tracking
  • Add biometric authentication options
  • Streamline beneficiary management
  • Enhance customer service and support

WavePay

Reported bugs

3 issues
  • App not supported on jailbroken/rooted devices
  • Incompatibility issues with newer iOS versions
  • Myanmar keyboard not working after updates

Requested features

4 requests
  • Allow NRC number for device authorization
  • Integrate with popular banks and services
  • Implement biometric login options
  • Improve transaction history and balance tracking

In-app purchases

None

KBZ mBanking

No in-app purchases

None

WavePay

No in-app purchases

Questions

Is KBZ mBanking free?
KBZ mBanking is free to download, with no in-app purchases.
Is WavePay free?
WavePay is free to download, with no in-app purchases.
Which has better reviews, KBZ mBanking or WavePay?
WavePay is rated higher. KBZ mBanking averages 1.9 out of 5 from 4.1K ratings, while WavePay averages 3.8 from 1.8K ratings.
Do KBZ mBanking or WavePay have ads?
WavePay shows ads; KBZ mBanking does not.
Which is updated more often, KBZ mBanking or WavePay?
KBZ mBanking ships an update every 2 months, and WavePay every 2 months. Most recently, KBZ mBanking was updated on September 23, 2026 and WavePay on September 23, 2026.

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