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Wave Mobile Money Gambia Ltd.
 
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Contact Address Details:
Wave Mobile Money Gambia Ltd.
Bertil Harding Highway
Kotu East
Near the Oryx petrol station
Greater Banjul area
The Gambia
West Africa

Tel no: 1222 (toll free)

Email: gnagna@wave.com

Mobile Money App on Adroid or iPhone

For more information, please contact:
Ms. Gnagna Kone
Head of Public Relations, WAEMU
Wave Mobile Money

Phone: +221 76 600 83 71

 


  Information:
Wave Gambia Ltd is a local FinTech mobile money transfer operator which was first established as Sendwave, an international digital remittance company in Senegal in 2018 by Drew Durbin and Lincoln Quirk. Wave Gambia received its licence to operate in November 2021 and began its operations in September 2022.

As of November 2024, Wave was still selling NAWEC cash-power tokens on its App for no-fee. In The Gambia, where over half of the population is without a bank account, Wave is creating the first financial system with no account fees, instantly available on-demand.

Wave is increasing its local bank partners' deposits by linking the unbanked populace to the banks as money collected by its agents are deposited into bank accounts. Wave has employed hundreds of Gambians and has enhanced the livelihood of the agents operating with them. These employees are in every region of The Gambia, going to far-flung villages in order to give better access to Gambians for financial inclusivity.

Mobile Money Services in Gambia:
• Deposit & withdraw money for FREE.
• Buy airtime for all networks directly using the app.
• Send money to anyone for only 1%.
• Pay your bills for FREE.
• Businesses can pay their employees, take payments from customers, collect cash from outlets.

More on Wave:
Wave Mobile Money was the first Financial Technology Company working in multiple WAEMU countries to receive an E-money license on the African continent. On 14th April 2022 Wave Digital Finance, a subsidiary of Wave Mobile Money Group became the first non-telecom, non-bank operator that is active in a number of WAEMU markets to be approved an E-money license by the Central Banks of 8 West African countries. The E-money licenses from the Central Banks indicates an increasing acknowledgement of a new period of financial inclusion structures led by Fintechs such as Wave.

The E-money license allows Wave to directly offer its current set of financial products to customers. Furthermore, it will permit Wave to expand to more financial services like trader payments, credit, savings, and remittances in partnership with other partners in the WAEMU financial ecosystem.

Wave's mobile money service has already begun to disrupt the established mobile money industry in the West African Monetary Union (WAEMU) and to the rest of Africa. Wave’s business model and technology-driven approach to financial inclusion allows it to provide free bill payments, free cash-in, cash-out with a low transfer fee - making it considerably less expensive than many of its local competitors.














 
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