Wayapay is a financial technology company 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 and access to financial services in the USA and 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 across the world.
Our Goal and edge
Wayapay’s goal is to provide unlimited financial access and opportunities to everyone, especially those that are underserved, overlooked, and misunderstood by the traditional banking systems globally, with an initial focus on people living and working outside their home countries.
We have a deep understanding of the key pain points of immigrants. Wayapay is an efficient and convenient digital Wallet. Wayapay is also cheaper than banks and with no unnecessary delays due to aggregated banking services. Additionally, Wayapay has integrated more payment options including, but not limited to Wallet, ACH, Card, and Wire Transfers. More so, Wayapay is secure and safe, powered by IBM Hyper Protect Cloud and a phenomenal technology infrastructure & IP.
How we’re licensed.
Wayapay is a financial technology company incorporated in the State of Virginia, USA. Banking, Payments and Card services are provided by Licensed and Chartered US Based Banks, Authorised Payment Service Providers and Card networks. Our banking partners provide the overall platform for managing customer accounts, holding customer funds and the rails for interbank payments and settlements. Cross Border money transfers are facilitated by a series of strategic partnerships with Global Payment Networks and Payment Processors in the various settlement corridors and jurisdictions available on our platform. Wayapay also works with other third-party technology providers to facilitate KYC, AML, Fraud Prevention, Identity Verification, Bank Validation and Verification.
Our primary market is African immigrants living outside their home countries.
In the USA 🇺🇸 alone, Immigrants contribute over $2Trillion to the economy annually.
Statistics also 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.
More often than not, accessing banking services and sending money across borders can be expensive, an uphill task, and stressful. At Wayapay, our objective is to empower people to access banking services and to send money home while empowering them to contribute positively to financial inclusion and economic development. 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.
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