# Mandalay Smart Pay vs Wave Merchant

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.

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.

## The numbers

| Metric | Mandalay Smart Pay | Wave Merchant |
| --- | --- | --- |
| Price | Free | Free |
| Rating | **[4.3 (110 ratings)](https://appshunter.io/ios/app/mandalay-smart-pay/id1504195511/reviews)** | [4.2 (10 ratings)](https://appshunter.io/ios/app/wave-merchant/id6456263921/reviews) |
| Number of ratings | **110** | 10 |
| Positive reviews | 80.0% of reviews | **100.0% of reviews** |
| In-app purchases | No | No |
| Ads | No | No |
| Update frequency | **Every 3 months** | Every 4 months |
| Monetization | Free | Free |
| Size | 109 MB | 69 MB |
| Requires iOS | 15.6 | **13.0** |
| Devices | iPhone, iPod | **iPhone, iPad, iPod** |
| Age rating | 4+ | 17+ |
| Developer | [INNOVIX SOLUTIONS CO., LTD](https://appshunter.io/developer/1843007179) | [Wave Money](https://appshunter.io/developer/1234535228) |

## What reviewers say

### Mandalay Smart Pay

[App page](https://appshunter.io/ios/app/mandalay-smart-pay/id1504195511)

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.

**Highlights:** 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

**Features:** Vision Pro support

**In-app purchases:** none


### Wave Merchant

[App page](https://appshunter.io/ios/app/wave-merchant/id6456263921)

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.

**Highlights:** Dynamic QR code payments, Real-time transaction history, Business analytics, Bank settlement, Secure over-the-counter payments

**Features:** macOS Compatibility, Vision Pro support

**In-app purchases:** none


## Frequently asked questions

### Is Mandalay Smart Pay free?

Mandalay Smart Pay is free to download, with no in-app purchases.

### Is Wave Merchant free?

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

### Which has better reviews, Mandalay Smart Pay or Wave Merchant?

Mandalay Smart Pay is rated higher. Mandalay Smart Pay averages 4.3 out of 5 from 110 ratings, while Wave Merchant averages 4.2 from 10 ratings.

### Do Mandalay Smart Pay or Wave Merchant have ads?

Neither Mandalay Smart Pay nor Wave Merchant shows ads.

### Which is updated more often, Mandalay Smart Pay or Wave Merchant?

Mandalay Smart Pay ships an update every 3 months, and Wave Merchant every 4 months. Most recently, Mandalay Smart Pay was updated on November 3, 2026 and Wave Merchant on November 3, 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.*