Wave Money supports Maternal and Child Cash Transfer Programme in Rakhine State

Wave Money supports Maternal and Child Cash Transfer Programme (MCCT) in Rakhine State. Photo: MNA
Wave Money supports Maternal and Child Cash Transfer Programme (MCCT) in Rakhine State. Photo: MNA

Wave Money, a leading provider of mobile financial services in Myanmar, renders assistance to the Department of Social Welfare, Ministry of Social Welfare, Relief and Resettlement which is implementing the Maternal and Child Cash Transfer Programme.
The MCCT is a cash transfer programme that provides financial aid to the pregnant women and their children up to 2 years of age. The goal is to improve nutrition during the first 1,000 days of life and reduce childhood stunting. The MCCT programme has been launched in 2017-2018 Financial Year, has been supporting the pregnant women and their children up to 2 years of age where nutritional status is low, areas of Myanmar.
As part of its commitment to social and digital financial inclusion, Wave Money is waiving fees for MCCT cash transfers using its over-the-counter service, Wave Money and the mobile wallet application, Wave Pay in Sittwe State, Rakhine Region. The initiative will benefit around 120,000 people.
“Wave Money is committed to serve the people of Myanmar in every meaningful way possible. With our secure and reliable digital payment platform and extensive agent network, we are pleased to be able to help ensure the impact of programmes such as the MCCT reaches far and wide, improving the lives of those who are most in need,” said Brad Jones, CEO of Wave Money.
Nutrition services and education, feeding programmes and interventions such as the MCCT are instrumental in improving maternal and child nutrition particularly in vulnerable communities.
The Department of Social Welfare together with General Administration Department will cooperate to support the eligible people to receive this cash transfer.—GNLM

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