On the recordRead 12 Oct 202617 facts
Wave
WAVE · Logan, Utah, United States · founded 2017
Plans and prices
Wave mobile money
Priced on request
Cash deposits and withdrawals, bill payments: free · Money transfers: 1% · Airtime available
Read 12 Oct 2026 · wave.com
On the record
- Account type
- The Gambia terms say a Wave mobile wallet is electronic money and does not create a checking account or other bank account.wave.com · read 12 Oct 2026
- Company entity
- Wave Digital Finance SA is a member firm of the Wave Mobile Money Group and was created on March 29, 2021, in Senegal.wave.com · read 12 Oct 2026
- Customer support
- Wave advertises toll-free telephone support for instant customer help.wave.com · read 12 Oct 2026
- Data use
- Wave says it does not sell users’ personal data to third parties for their direct marketing except with user consent.wave.com · read 12 Oct 2026
- Free services
- The homepage says depositing, withdrawing, and paying bills are free.wave.com · read 12 Oct 2026
- Identity verification
- The Gambia terms say customers must provide valid identity documents and Wave agent assistance is used for account identity verification.wave.com · read 12 Oct 2026
- Intended users
- Wave describes its mission as building an inclusive, affordable financial network for users across Africa.wave.com · read 12 Oct 2026
- Limits
- For The Gambia, the terms specify KYC1 balance and 30-day inflow limits of 20,000 GMD, and KYC2 balance and 30-day inflow limits of 200,000 GMD and 1,000,000 GMD respectively.wave.com · read 12 Oct 2026
- Mobile platforms
- bothwave.com · read 22 Sep 2026
- Privacy and security
- Wave says it uses security measures to prevent personal data from being lost, disclosed, or used without authorization, and limits access to people with a business need to know.wave.com · read 12 Oct 2026
- Product
- Wave offers mobile money services through a mobile app, including deposits, withdrawals, transfers, bill payments, and airtime purchases.wave.com · read 12 Oct 2026
- Regulatory status
- Wave Digital Finance says it received an electronic money issuer license from BCEAO on April 14, 2022.wave.com · read 12 Oct 2026
- Transaction authorization
- The Gambia terms say transactions must be authorized with a secret PIN or another method Wave may require.wave.com · read 12 Oct 2026
- Transfer fee
- The homepage says sending money costs 1%.wave.com · read 12 Oct 2026
- Transfer speed
- instantwave.com · read 22 Sep 2026
- Transfer tracking
- Yeswave.com · read 22 Sep 2026
