Wave
wave.comMobile money, reinvented — deposit, withdraw, pay bills free
Finance & Fintechmobile-moneyfintechafricapaymentsmoney-transferbill-pay
About
Wave is a mobile money platform targeting users in Africa, allowing them to deposit, withdraw, send money, pay bills, and buy airtime directly from their phones. Sending money costs just 1%, while deposits, withdrawals, and bill payments are free. The service also offers toll-free customer support and emphasizes security for user funds.
Problem
Traditional money transfers and bill payments in Africa are expensive and require physical travel to complete transactions.
For
Mobile phone users in Africa seeking low-cost financial services
How it works
Users download the Wave app to deposit, withdraw, send money, pay bills, and buy airtime entirely from their mobile device with minimal fees.
Business model
freemium
Status
launched