# MAB iBanking vs Wave Merchant

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.

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.

## The numbers

| Metric | MAB iBanking | Wave Merchant |
| --- | --- | --- |
| Price | Free | Free |
| Rating | [2.7 (55 ratings)](https://appshunter.io/ios/app/mab-ibanking/id6443578369/reviews) | **[4.2 (10 ratings)](https://appshunter.io/ios/app/wave-merchant/id6456263921/reviews)** |
| Number of ratings | **55** | 10 |
| Positive reviews | 0.0% of reviews | **100.0% of reviews** |
| In-app purchases | No | No |
| Ads | No | No |
| Update frequency | **Every 2 months** | Every 4 months |
| Monetization | Free | Free |
| Size | 10 MB | 69 MB |
| Requires iOS | 15.0 | **13.0** |
| Devices | iPhone, iPad, iPod | iPhone, iPad, iPod |
| Age rating | 4+ | 17+ |
| Developer | [Myanma Apex Bank Limited](https://appshunter.io/developer/1305732458) | [Wave Money](https://appshunter.io/developer/1234535228) |

## What reviewers say

### MAB iBanking

[App page](https://appshunter.io/ios/app/mab-ibanking/id6443578369)

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.

**Highlights:** MMQR scan and pay, Internal fund transfers, Bill payments, Order cheque books, Check account balances, Open fixed deposits, Download statements

**Features:** macOS Compatibility

**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 MAB iBanking free?

MAB iBanking 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, MAB iBanking or Wave Merchant?

Wave Merchant is rated higher. MAB iBanking averages 2.7 out of 5 from 55 ratings, while Wave Merchant averages 4.2 from 10 ratings.

### Do MAB iBanking or Wave Merchant have ads?

Neither MAB iBanking nor Wave Merchant shows ads.

### Which is updated more often, MAB iBanking or Wave Merchant?

MAB iBanking ships an update every 2 months, and Wave Merchant every 4 months. Most recently, MAB iBanking 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.*