MAB iBanking vs Wave Merchant
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
MAB iBanking
Access your bank account and perform financial transactions online with ease. This app allows for quick, real-time tasks like bill payments and fund transfers without visiting a branch. Enjoy secure, simple, and cashless payments with enhanced features.
- MMQR scan and pay
- Internal fund transfers
- Bill payments
- Order cheque books
- Check account balances
- Open fixed deposits
- Download statements
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We’ve enhanced MAB Mobile Banking with MMQR support, making everyday payments faster and more convenient. You can now scan and pay easily at MMQR-enabled merchants with improved transaction flow and a smoother in-app experience. Update now to enjoy secure, simple, and cashless payments with MAB. Banking online means accessing your bank account and carrying out financial transactions through the internet on your smartphone, tablet or computer. It's quick, real-time and allows to do tasks, such as paying bills and transferring money, without having to visit or call the bank. MAB Omnichannel Digital Banking Services (MAB iBanking) allows you to access your banking services thru the web as well as your mobile phone seamless. You can perform your own account & internal fund transfers, pay bills, order cheque books, check account balances, and open fixed deposits & download statements without visiting bank branches. In line or online? You’ll save your precious time & cost conducting your banking transactions online through MAB iBanking with ease of fingertips
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
The clearest difference is review sentiment: Wave Merchant at 100% against MAB iBanking's 0%. Wave Merchant also leads on rating (4.2 vs 2.7) and iOS requirement (13.0 vs 15.0). MAB iBanking's advantage is ratings volume (55 vs 10). On price, update cadence, ads 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
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
Wave Merchant holds the better App Store score, 4.2 against 2.7. That said, the two scores are not equally well evidenced: MAB iBanking has 55 ratings behind it against 10, so its average is the more settled of the two. Written reviews point the same way: 0% of MAB iBanking's written reviews are positive against 100% of Wave Merchant's.
MAB iBanking ships an update every 2 months, Wave Merchant every 4 months. Both last shipped on November 3, 2026.
| Parameter | MAB iBanking | Wave Merchant |
|---|---|---|
| Price | Free | Free |
| Rating | 2.7 (55 ratings) | 4.2 (10 ratings) — better |
| Positive reviews | 0.0% of reviews | 100.0% of reviews — better |
| Number of ratings | 55 — better | 10 |
| Update frequency | Every 2 months — better | Every 4 months |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free | Free |
| Devices | iPhone, iPad, iPod | iPhone, iPad, iPod |
| Requires iOS | 15.0 | 13.0 — better |
| Further details — not scored | ||
| Size | 10 MB | 69 MB |
| Age rating | 4+ | 17+ |
| Developer | Myanma Apex Bank Limited | Wave Money |
Customer experience
MAB iBanking
Wave Merchant
In-app purchases
MAB iBanking
No in-app purchases
Wave Merchant
No in-app purchases









