Contact Address:
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
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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.
For more information, please contact:
Ms. Gnagna Kone
Head of Public Relations, WAEMU
Wave
Mobile Money
Email: gnagna@wave.com
Phone: +221 76 600 83 71 |
