Wave

Spec sheet

Product

Wave offers mobile money services through a mobile app, including deposits, withdrawals, transfers, bill payments, and airtime purchases.Read 12 Oct 2026 · wave.com

Intended users

Wave describes its mission as building an inclusive, affordable financial network for users across Africa.Read 12 Oct 2026 · wave.com

Founded

2017Read 28 Sep 2026 · wave.com

Account type

The Gambia terms say a Wave mobile wallet is electronic money and does not create a checking account or other bank account.Read 12 Oct 2026 · wave.com

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.Read 12 Oct 2026 · wave.com

Customer support

Wave advertises toll-free telephone support for instant customer help.Read 12 Oct 2026 · wave.com

Data use

Wave says it does not sell users’ personal data to third parties for their direct marketing except with user consent.Read 12 Oct 2026 · wave.com

Free services

The homepage says depositing, withdrawing, and paying bills are free.Read 12 Oct 2026 · wave.com

Identity verification

The Gambia terms say customers must provide valid identity documents and Wave agent assistance is used for account identity verification.Read 12 Oct 2026 · wave.com

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.Read 12 Oct 2026 · wave.com

Mobile platforms

bothRead 22 Sep 2026 · wave.com

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.Read 12 Oct 2026 · wave.com

Regulatory status

Wave Digital Finance says it received an electronic money issuer license from BCEAO on April 14, 2022.Read 12 Oct 2026 · wave.com

Transaction authorization

The Gambia terms say transactions must be authorized with a secret PIN or another method Wave may require.Read 12 Oct 2026 · wave.com

Transfer fee

The homepage says sending money costs 1%.Read 12 Oct 2026 · wave.com

Transfer speed

instantRead 22 Sep 2026 · wave.com

Transfer tracking

YesRead 22 Sep 2026 · wave.com

Plans and prices

Every Wave plan and price →

Where Specifiction places it

• Money Transfer Apps#77 of 817.0