# Merchantrade Secure vs WavePay

The clearest difference is ads: Merchantrade Secure at none against WavePay's shown. Merchantrade Secure also leads on iOS requirement (7.0 vs 13.0). On price, update cadence, in-app purchases and device support there is nothing between them.

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

Merchantrade Secure ships an update every 3 months, WavePay every 2 months. The most recent releases landed on October 2, 2026 and October 16, 2026 respectively.

## The numbers

| Metric | Merchantrade Secure | WavePay |
| --- | --- | --- |
| Price | Free | Free |
| Rating | — | **[3.8 (1.8K ratings)](https://appshunter.io/ios/app/wavepay/id1439175549/reviews)** |
| Number of ratings | — | **1.8K** |
| Positive reviews | — | 17.8% of reviews |
| In-app purchases | No | No |
| Ads | **No** | Yes |
| Update frequency | Every 3 months | **Every 2 months** |
| Monetization | — | Free with in-app purchases |
| Size | 32 MB | 135 MB |
| Requires iOS | **7.0** | 13.0 |
| Devices | iPhone, iPod | iPhone, iPod |
| Age rating | 4+ | 4+ |
| Developer | [MERCHANTRADE ASIA SDN BHD](https://appshunter.io/developer/1022449999) | [Wave Money](https://appshunter.io/developer/1234535228) |

## What reviewers say

### Merchantrade Secure

[App page](https://appshunter.io/ios/app/merchantrade-secure/id1401775913)

**In-app purchases:** none


### 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 Merchantrade Secure free?

Merchantrade Secure is free to download, with no in-app purchases.

### Is WavePay free?

WavePay is free to download, with no in-app purchases.

### Do Merchantrade Secure or WavePay have ads?

WavePay shows ads; Merchantrade Secure does not.

### Which is updated more often, Merchantrade Secure or WavePay?

Merchantrade Secure ships an update every 3 months, and WavePay every 2 months. Most recently, Merchantrade Secure was updated on October 2, 2026 and WavePay on October 16, 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.*