We are committed to making an Impact, One Transaction at a Time

The Story of Wayapay started in 2018 when we launched with a vision to empower people to send money home in a fast, affordable, and efficient manner.

Our core beliefs and values

Who we are…

Wayapay is a fintech startup that was founded with the aim of delivering world-class financial technology solutions and products to the global financial market, specifically focused on improving financial inclusion in sub-Saharan Africa through spearheading digital and mobile payments as well as powering cross border transfers and payments globally. Our long term vision is to deliver a product that enables borderless transactions not only from the rest of the world to Africa but power C2C, C2B and B2B Transactions and payments within African Countries and across Africa

The Platform…

The Wayapay platform allows users to send money across borders from their mobile and web devices. Funds are delivered efficiently to beneficiaries through Wayapay wallets, bank accounts, or mobile money wallets like M-PESA that are very common in Africa. Users pay for the services using debit cards or by securely connecting their bank accounts to the Wayapay platform.

How we do it…

Wayapay has partnered with leading Financial Institutions in the USA, and across sub-Saharan Africa to ensure that we are able to facilitate the transfer of funds across different corridors, through our partners, we are able to deliver a seamless platform and an end to end process that enables clients to send and receive money across the world.

The Market…

Our primary market is people from sub-Saharan Africa living outside their home countries. Statistics show that over 25 million sub-Saharan migrants are living outside their home countries and send over $49 billion back home using various channels. Globally, the money remittance market is valued over $550 billion. There is also a growing demand for flow of money across various African corridors and for cross-border transactions within Africa, hence creating a big demographic and economic picture which presents a significant opportunity for the remittance market and the need for our product in the market.

Our competitive Edge

Instant money transfers to multiple mobile wallets or bank accounts, more ways to send money, lower cost of remittance to 2-4% against competitive average of 6-8%, available without bank branches, fool proof security and data protection, real-time foreign exchange rates, accessible to anyone with a mobile or web app.

Our idea…

More often than not, sending money from the rest of the world into Africa can be expensive, an uphill task, and stressful. At Wayapay, our goal is to empower people to send money home while empowering them to contribute positively to financial inclusion and economic development in Africa. As we do this, we are committed to ensuring that we contribute positively and help bring down the remittance costs as per the World Bank Goal.