Mandalay Smart Pay vs Wave Merchant
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
Mandalay Smart Pay
This app offers a convenient mobile solution for shopping, bill payments, and fund transfers. It allows users to pay via QR codes, send money to contacts, top up mobile balances, and cash out at agents. Users can also verify transactions and receive instant rewards.
- QR code payments for shopping
- Bill payment for services
- Money transfer to contacts
- Mobile balance top-up
- Cash withdrawal at agents
- Transaction verification
- Instant cash rewards
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MSP The smart way to shop, pay and transfer funds. Experience the convenience of shopping, dining, bill payments and so much more with your mobile phone. MSP has more than 10 unique features including: Shop - Scan the seller's QR code or display your payment QR code to pay. Pay bills from government services or online purchases. Easily transfer money to your friends and family via QR code or mobile number. Allow others to scan your QR code to receive money in your mobile wallet. Top-up your mobile balance and purchase mobile prepaid PIN using the eLoad function. Add Money to your wallets via MPU card or 1-2-3 service. Cash-out - withdraw cash at agents and banks nationwide. Verify the authenticity of a transaction by scanning ‘Verify QR code’ on the transaction slip. Enjoy instant cash rewards for every mobile eLoad transaction. Check transaction history; live chat with our customer service officers 24/7 using the chat feature in the app.
Wave Merchant
This app provides merchants with a secure platform for managing online payments and tracking transactions. It offers features like dynamic QR code payments, real-time transaction history, and business analytics to help businesses streamline their financial operations.
- Dynamic QR code payments
- Real-time transaction history
- Business analytics
- Bank settlement
- Secure over-the-counter payments
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Fast, Easy, and Safe Online Payments - Myanmar's Leading Mobile Financial Service. Introduced by Wave Money, the Wave Merchant app brings fast, easy, and secure over-the-counter payment solutions not only for merchants and shops to track each transaction and analyze financial data but also for customers to make payments easier and more convenient. The app includes the following features: Dynamic QR: Customers can now enjoy the most convenient "Scan and Pay" functionality. The cashier keys in the specific payment amount, and customers can effortlessly and conveniently complete their payment by scanning the Dynamic QR code provided by the Wave Merchant app. Real-Time Transaction History Detail & Analytics: Merchants receive real-time transaction notifications and gain access to detailed transaction information. Additionally, the app provides a business analytics tool, allowing merchants to view their total transactions, sales, average daily transactions, average daily sales, etc. Bank Settlement: Merchants can seamlessly settle payments to their linked bank accounts. The app facilitates both cashing into the linked bank account and cashing out from it.
Screenshots
Verdict
Mandalay Smart Pay and Wave Merchant both sit at 4.3 stars, but that hides the real split: 100% of Wave Merchant's written reviews are positive against 80% of Mandalay Smart Pay's. Wave Merchant also leads on iOS requirement (13.0 vs 15.6). Mandalay Smart Pay's advantage is ratings volume (110 vs 10). On price, rating, update cadence and ads 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
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
On the App Store both sit at effectively the same score — 4.3 for Mandalay Smart Pay against 4.2 for Wave Merchant. That said, the two scores are not equally well evidenced: Mandalay Smart Pay has 110 ratings behind it against 10, so its average is the more settled of the two. Written reviews are what separate them: 80% of Mandalay Smart Pay's written reviews are positive against 100% of Wave Merchant's.
Mandalay Smart Pay ships an update every 3 months, Wave Merchant every 4 months. Both last shipped on November 3, 2026.
| Parameter | Mandalay Smart Pay | Wave Merchant |
|---|---|---|
| Price | Free | Free |
| Rating | 4.3 (110 ratings) — better | 4.2 (10 ratings) |
| Positive reviews | 80.0% of reviews | 100.0% of reviews — better |
| Number of ratings | 110 — better | 10 |
| Update frequency | Every 3 months — better | Every 4 months |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free | Free |
| Devices | iPhone, iPod | iPhone, iPad, iPod — better |
| Requires iOS | 15.6 | 13.0 — better |
| Further details — not scored | ||
| Size | 109 MB | 69 MB |
| Age rating | 4+ | 17+ |
| Developer | INNOVIX SOLUTIONS CO., LTD | Wave Money |
Customer experience
Mandalay Smart Pay
Wave Merchant
In-app purchases
Mandalay Smart Pay
No in-app purchases
Wave Merchant
No in-app purchases
Questions
Is Mandalay Smart Pay free?
Is Wave Merchant free?
Which has better reviews, Mandalay Smart Pay or Wave Merchant?
Do Mandalay Smart Pay or Wave Merchant have ads?
Which is updated more often, Mandalay Smart Pay or Wave Merchant?
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