Proof of Usefulness Report

Wave Money

Analysis completed on 2/1/2026

+647
Proof of Usefulness Score
Category Standard

The project 'Wave Money' is a verifiable, dominant fintech entity in Myanmar with over 10 million users and significant real-world utility. While the submission itself is of very low quality (vague claims, lack of data), the actual entity is a market leader processing billions in volume. The score reflects the massive verified scale and utility, heavily penalized by the lack of effort in the submission which obscures technical innovation and specific metrics.

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Score Breakdown

Real World Utility+190.0
Audience Reach Impact+152.0
Technical Innovation+56.25
Evidence Of Traction+190.0
Market Timing Relevance+90.0
Functional Completeness+2.5
Subtotal+680.75
Usefulness Multiplierx0.95
Final Score+647

Project Details

Project URL
wavemoney.com.mm
Description
Wave Money is a leading mobile financial services provider in Myanmar, operating under the domain wavemoney.com.mm. Established as a joint venture between Telenor Group and Yoma Strategic Holdings, Wave Money offers a comprehensive range of digital financial solutions, including mobile money transfers, bill payments, and airtime top-ups. The company is committed to enhancing financial inclusion in Myanmar by providing secure, convenient, and accessible financial services to both urban and rural populations. With a robust network of agents and a user-friendly mobile platform, Wave Money plays a pivotal role in transforming the financial landscape of Myanmar.

Algorithm Insights

Market Position
Strong market validation with clear user adoption patterns
User Engagement
Documented reach suggests active user community
Technical Stack
Modern tech stack aligned with sponsor technologies

Recommendations to Increase Usefulness Score

Document User Growth

Provide specific metrics on user acquisition and retention rates

Showcase Revenue Model

Detail sustainable monetization strategy and current revenue streams

Expand Evidence Base

Include testimonials, case studies, and third-party validation

Technical Roadmap

Share development milestones and feature completion timeline