Wave
Wave Mobile Money
100/5
Rating
Fees
Free
Free transfers between Wave users. Low fees for cash out.
Exchange Rate
Mid-market
Variable
Speed
Instant
Typical: Instant
Features
- Free P2P transfers
- QR code payments
- Agent network for cash
- Bill payments
- Merchant payments
- Very low fees overall
Pros
- Free between Wave users
- Growing agent network
- Simple and fast
- Good for West Africa corridor
- Low-cost mobile money
Cons
- Limited to Wave-operating countries
- Not for US/UK/UAE senders
- Requires Wave account both ends
- Still expanding to Kenya
Send & Receive Methods
Send Methods
Wave walletAgent deposit
Receive Methods
Wave walletAgent cash out
Best For
- West Africa to East Africa
- Both parties have Wave
- Low-value frequent transfers
- Agent-based cash out needs
Transfer Limits
Minimum$1
Maximum$5,000
Regulation
Licensed by Central banks in operating countries
Available On
iOSAndroid
App ratings: iOS 4.7★ | Android 4.6★