Yoma Bank

What Yoma Bank does

Yoma Bank Limited is a privately held domestic commercial bank headquartered in Yangon, Myanmar, founded in 1993 and operating under the legal entity Yoma Bank Limited. The bank delivers universal banking services through a multi-channel distribution model combining 85 physical branches, 91 ATMs, and digital channels anchored by the Yoma Bank Next mobile application and a suite of online business portals. Its customer base spans mass-market retail banking (deposits, personal loans, home loans, car loans, hire purchase, and cards) and SME/corporate banking delivered through specialized portals including BizSpace, SMART Credit, Payroll, Supply Chain Financing, and HP Dealer Portal.

The technology foundation is a conventional digital banking platform rather than an AI-led architecture: mobile application with biometric authentication (Face ID, fingerprint, PIN, OTP), MMQR national QR payment interoperability, online FX matching platform, and a wave of recent product launches including Myanmar's first co-badged MPU-Mastercard debit card. Revenue mechanics combine traditional interest income from lending products, transaction fees across cards and remittances, digital banking fees, and commission income from an exclusive bancassurance distribution partnership with Prudential Myanmar.

Yoma Bank's go-to-market is direct-to-consumer and direct-to-SME/corporate, supported by strategic distribution and technology partnerships — most notably MoneyGram for cross-border remittances targeting Myanmar's migrant workers, WavePay for mobile wallet linkage, and participation in the national MMQR payment ecosystem. The bank has scaled to 1,001–5,000 employees and raised $88.7 million in a 2020 funding round led by GIC with participation from IFC and Norfund, indicating institutional investor confidence despite Myanmar's challenging operating environment.

Name

Yoma Bank

Legal name

Yoma Bank Limited

Website

https://www.yomabank.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Yoma Bank is a privately held Myanmar universal bank offering retail and SME banking, lending, cards, digital payments, and bancassurance through 85 branches, 91 ATMs, and the Yoma Bank Next mobile application.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Commercial Banking (522110), Offices of Bank Holding Companies (551111), Credit Card Issuing (52221)

SIC

National Commercial Banks (6021), Finance Services (6199)

akta.pro primary industry

Corporate Cash Management & Treasury Services (FSAMAOAA)

akta.pro secondary industries

Multi-Currency Accounts, Wallets & IBAN Services (FSAMAIAG), Digital Wallet Infrastructure (Tokenization, Wallet-as-a-Service) (FSAMAEAI), Corporate Cards & Expense Solutions (T&E, purchasing, fleet) (FSABAIAG)

Keywords

• Retail banking services
• Commercial banking services
• Digital payment services
• Consumer lending products
• Wealth management services

Headquarters

HQ city

Yangon

HQ country

Myanmar (Burma)

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Interest Income: Traditional banking interest income from personal and business loans including home loans, car loans, hire purchase, and business financing
2. Fee-based Services: Transaction fees from remittances, bill payments, card services, and account management
3. Digital Banking Services: Fees from mobile banking, online transfers, and digital payment solutions
4. Bancassurance Partnership: Commission revenue from exclusive insurance partnership with Prudential Myanmar

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

Yoma Bank is a privately held Myanmar bank delivering retail and commercial banking products and services. Its offering spans personal deposit accounts, debit and credit cards, consumer and mortgage loans, hire purchase, digital QR payments via the national MMQR system, and dedicated business banking solutions such as BizSpace, SMART Credit, Payroll, Supply Chain Financing, and an HP Dealer Portal. The bank supplements its own products with mobile wallet linkage (WavePay), global remittances (MoneyGram), and bancassurance (Prudential).

Product overview

Yoma Bank operates as a universal bank offering a comprehensive suite of banking products organized around a digital-first strategy. The core offering centers on the Yoma Bank Next mobile application and a portfolio of deposit accounts (Flexi, Savings, Fixed Deposit, SMART), alongside lending products (Home Loans, Car Loans, Hire Purchase). Digital payment infrastructure includes MMQR national QR system and co-badged MPU-Mastercard cards. Business banking services are delivered through multiple specialized portals: BizSpace (commercial banking), SMART Credit (SME lending), Payroll Portal, Supply Chain Financing, and HP Dealer Portal. The bank extends its reach through WavePay wallet integration, MoneyGram remittance services, and Prudential bancassurance products.

Differentiator

Problem solved

Functional benefit

Brands

• Yoma Bank Next: Mobile banking application for digital banking services
• BizSpace
• SMART Credit
• Payroll Portal
• Supply Chain Financing
• MMQR
• Flexi Everyday
• FlexiPay
• HP Dealer Portal

Products and services

• Flexi Everyday Card A personal everyday-use debit card product for individual consumers to make retail purchases and ATM withdrawals against their bank account.
• MPU-Mastercard Debit Card A co-branded debit card combining MPU domestic and Mastercard international acceptance for personal banking customers to transact locally and abroad.
• FlexiPay MPU Credit Card A premium MPU-branded credit card product for individual cardholders seeking revolving credit and card-based payments.
• Yoma Bank Next Mobile Application Mobile banking application for personal customers to access accounts, transfer funds, scan and pay via QR, and manage cards and savings on smartphones.
• MMQR (Myanmar National QR Payment System) A QR-based interoperable payment service offered through the Yoma Bank Next app, allowing customers to scan and pay merchants across the Myanmar national QR network.
• SMART Account A personal savings account product positioned as a smart, flexible everyday account for individual customers.
• Flexi Savings Account A flexible personal savings account for individual customers to accumulate deposits and earn interest.
• Flexi Call Account A personal call (on-demand interest) savings account allowing customers flexibility to deposit and withdraw while earning interest.
• Fixed Deposit Account A standard fixed-tenure fixed deposit account for personal customers seeking higher interest on locked-in savings.
• Super Fixed Deposit Account A premium fixed deposit account offering enhanced interest terms for personal customers committing larger balances or longer tenures.
• Home Loan A mortgage loan product for individual borrowers to finance the purchase of residential property.
• Car Loan An auto loan product for individual borrowers to finance the purchase of a vehicle with repayment over a defined tenor.
• Hire Purchase A hire purchase financing product enabling customers to acquire assets (typically vehicles) with structured installment payments and ownership transferring on completion.
• BizSpace Portal An online business banking portal for corporate and SME customers to make real-time and bulk payments and manage their business accounts.
• SMART Credit Business Portal A digital lending platform for SME customers that automates loan origination, disbursement, and risk grading processes.
• Payroll Portal A payroll service portal for employer customers to disburse salaries and open employee bank accounts at scale.
• Supply Chain Financing A supply chain and invoice discounting financing product for SME and corporate customers to access working capital against receivables.
• HP Dealer Portal A dedicated dealer financing portal supporting auto dealers in managing hire purchase applications, disbursements, and portfolio servicing.
• WavePay Linkage A linkage service connecting Yoma Bank accounts to the WavePay mobile wallet for retail payments and money transfers.
• MoneyGram Remittance Service An international money remittance service offered in partnership with MoneyGram, enabling customers to receive funds from abroad into Yoma Bank accounts.
• Prudential Life Insurance (Bancassurance) A life insurance product offered to bank customers through the Prudential Myanmar Life Insurance partnership, distributed via Yoma Bank branches and digital channels.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• Prudential MyanmarcoreStrategic or Co-development Partner · 8 December 2025Exclusive bancassurance partnership offering life and general insurance products to Yoma Bank customers
• MoneyGramcoreTechnology or Integration · 30 July 2025Cross-border remittance partnership enabling Myanmar migrant workers to receive international money transfers through Yoma Bank branches and accounts
• Myanmar Payment Union (MPU) and MastercardcoreTechnology or Integration · 4 April 2024Launch of first co-badged MPU-Mastercard debit card in Myanmar market
• MMQR (National QR System)coreTechnology or IntegrationParticipation in Myanmar's national QR payment interoperability system enabling cross-bank QR payments

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Myawaddy Bank: Myawaddy Bank (formerly Myanma Economic Holdings Limited-affiliated) is a long-standing Myanmar commercial bank with a comparable universal banking product set. Operates in the same regulatory environment and customer segments as Yoma Bank.
• UAB Bank: UAB Bank (United Amara Bank) is a Myanmar commercial bank offering retail and corporate banking with growing digital capabilities. Similar scale and product breadth to Yoma Bank with comparable distribution strategy.
• KBZ Bank: KBZ Bank is the largest private commercial bank in Myanmar, offering a comparable full suite of personal, business, and corporate banking products including deposits, loans, cards, and digital banking. Yoma Bank competes directly with KBZ for both retail and SME market share.
• CB Bank: CB Bank is one of Myanmar's largest privately held commercial banks providing retail, corporate, and digital banking services. Directly comparable to Yoma Bank across deposit products, lending, and branch-led distribution.
• AYA Bank: AYA Bank is a major Myanmar commercial bank offering personal banking, business banking, and digital services. Competes head-to-head with Yoma Bank in retail deposits, SME lending, and emerging digital payment products.

Regional players

• OCBC Myanmar: OCBC Bank operates in Myanmar offering corporate and SME banking. A regional Singapore-headquartered bank competing for the same corporate and cross-border banking opportunities that Yoma Bank addresses through its supply chain financing and FX services.
• SBI Myanmar (Inaya): SBI Myanmar, a subsidiary of India's State Bank of India, operates in Myanmar offering retail and corporate banking. Comparable as a regional bank with cross-border remittance flows into Myanmar competing against Yoma Bank's MoneyGram partnership.

Others

• Prudential Myanmar: Prudential Myanmar is Yoma Bank's exclusive bancassurance partner, but as a life insurance provider it represents an adjacent financial services player. Comparable as a regulated financial institution operating in Myanmar's consumer market with overlapping customer acquisition channels.

Emerging players

• WavePay: WavePay is a leading Myanmar mobile wallet that is both a partner (Yoma Bank offers WavePay linkage) and a competitive threat. It targets the same retail payment and P2P transfer use cases that Yoma Bank addresses through its mobile app.

Broad incumbents

• Standard Chartered Myanmar: Standard Chartered operates a Myanmar branch offering corporate, institutional, and priority banking services. While a global incumbent with broader capabilities, it competes with Yoma Bank for corporate and high-net-worth Myanmar customers.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks4 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/yomabank
• LinkedInlinkedin.com/company/6376973

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Yoma Bank