# KBZ mBanking vs WavePay

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.

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

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.

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

## The numbers

| Metric | KBZ mBanking | WavePay |
| --- | --- | --- |
| Price | Free | Free |
| Rating | [1.9 (4.1K ratings)](https://appshunter.io/ios/app/kbz-mbanking/id1350640443/reviews) | **[3.8 (1.8K ratings)](https://appshunter.io/ios/app/wavepay/id1439175549/reviews)** |
| Number of ratings | **4.1K** | 1.8K |
| Positive reviews | 5.4% of reviews | **17.2% of reviews** |
| In-app purchases | No | No |
| Ads | **No** | Yes |
| Update frequency | Every 2 months | Every 2 months |
| Monetization | **Free** | Free with in-app purchases |
| Size | 45 MB | 135 MB |
| Requires iOS | **10.0** | 13.0 |
| Devices | **iPhone, iPad, iPod** | iPhone, iPod |
| Age rating | 4+ | 4+ |
| Developer | [Kanbawza Bank Limited](https://appshunter.io/developer/1287440742) | [Wave Money](https://appshunter.io/developer/1234535228) |

## What reviewers say

### KBZ mBanking

[App page](https://appshunter.io/ios/app/kbz-mbanking/id1350640443)

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:** macOS Compatibility, Vision Pro support

**In-app purchases:** none

**What reviewers like**

- 👍 Good service
- 📦 Data package buying service

**What reviewers complain about**

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- 🤖 Outdated and unintuitive UI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

**Reported bugs**

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

**Requested features**

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


### WavePay

[App page](https://appshunter.io/ios/app/wavepay/id1439175549)

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

**In-app purchases:** none

**What reviewers like**

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

**What reviewers complain about**

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

**Reported bugs**

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

**Requested features**

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


## Frequently asked 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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*Compared by [AppsHunter](https://appshunter.io/) from daily US App Store data. Review summaries are generated from verbatim App Store reviews.*