Category: FinTech

Ghana to launch universal QR code payment system in March 2020

Vice President of the Republic of Ghana, Dr Mahamadu Bawumia has revealed that Ghana is set to launch the Universal QR Code payment system in March this year, to reduce the handling of more cash in trade transactions.

According to the Vice President of the Republic of Ghana, Dr Mahamadu Bawumia, Ghana will soon launch the Universal QR Code payment system next month in a bid to make Ghana cashless.

The Vice President revealed this at the Government’s first-ever Town Hall Meeting which took place at the Kwame Nkrumah University of Science and Technology (KNUST), Kumasi in the Ashanti region

He said: “Thanks to the Bank of Ghana, next month in March, Ghana will launch what we call, the Universal QR code payment system to make it possible for all retailers including the people who sell Kofi Brokeman and Waakye on the streets to receive payment from their customers directly on their mobile phones. Directly, without a point of sale device being necessary. This is a major transformation”

Dr Bawumia emphasised that Ghana must take further advantage of the benefits of technology and digitisation in reaching for a major frontier of financial inclusion.

According to Dr Bawumia, Ghana will be the first country in Africa to develop and use the Universal QR Code payment system.

The Town Hall Meeting with the theme ‘Demonstrating Fulfillment of Our Promises’ outlined the Government’s achievements in three (3) years with a lot of focus on how the government is digitising the country.

February 12, 2020
How To Exchange Your Bitcoin For Mobile Money Through Remitano

Like Jumia, Jiji and tonaton, Remitano.com is the marketplace for all cryptocurrency dealers in Ghana.

At Remitano, the platform available is an escrow service where buyers and sellers list their cryptocurrencies, their rates and the volume they need or have.

As such, Remitano does not have direct control over the coins sold on its platform. The only thing they have control over is the sending and receiving of the coins involved.

Exchanging bitcoin on Remitano is a bit tricky but it’s a lot better as there are a lot of orders for buy and sell at various rates from different people, so one could easily get a rate befitting their needs.

So here is the process:

Register For A Remitano Account

1. Visit Remitano.com and click Login/register

2. Click on Google under “sign in with”

3. Enter your email address and enter your email password

4. You’ll be logged in to your account.

5. Setup your account by editing your profile.

6. Deposit the BTC from your BTC holding account Into your Remitano wallet.

Sell Your Coin To A Waiting Buyer

1. click on sell now.

2. From the homepage, you’ll see a list of buyers

3. Locate the one you wish to sell to and click on sell

4. Enter the amount of coin you wish to sell and click Sell BTC to open transaction window.

Note: “Amount limits” is the minimum and maximum limit that the buyer (ad creator) wants to trade. You can only trade within this limit.

5. Enter the payment details through which you want the buyer to make payments to you and click “Continue”.

6. The transaction will automatically switch to “Awaiting payment” mode

7. Wait for the buyer to pay you through the number you’ve provided. Then click on “I have received payment” to release the bitcoin to the buyer.

Note: Do no confirm that you’ve received money from a buyer when you haven’t actually received the money in your account. Do well to verify any mobile money message received to be sure that it’s authentic before confirming receipt of the money. You can’t trust people with money these days. So just be careful.

You can also check out other options here: How To Withdraw Bitcoin Through Your MTN Mobile Money Account

January 22, 2020
How To Withdraw Bitcoin To Mobile Money Account Through Payplux

Payplux.com is one of the most reliable cryptocurrency exchanges in Ghana.

Withdrawing your bitcoin through mobile money on Payplux is way very easy.

To do so, follow the following steps:

Register For An Account

To register for an account, visit: Payplux.com and click on “Get started”

Fill in the spaces provided for your phone number (Preferably your mobile money number), your email address, your full name and preferred password).

Click on signup and confirm your email.

Trade Your Bitcoin For Ghana Cedis

To be able to access the next step of the process, you need to login to your payplux account first.

Click on Buy & Sell in your account

Click on sell

Select the coin you want to sell under the “Selling” tab

Enter the amount to sell in USD (The rate is just below the box where you write the amount)

The amount you’ll receive will appear in a box just beneath that.

If you’re using a mobile device, you’ll see a summary of the transaction at the bottom of your page. If you’re using a PC, it’s on the right side.

Click on Sell Bitcoin USD (… GHS)

Select your payment method (Mobile Money)

Select your network

And indicate your mobile number

Click on Pay Now to send bitcoin

Follow the prompts

Your order will be confirmed and processed

You get the money in your mobile money account.

You May Also Try: How To Exchange Your Bitcoin For Mobile Money Through Remitano

January 22, 2020
2020 Week 3: Top 5 Cryptocurrencies

The third week of 2020 seems to be a positive week for the crypto market. Majority of the top 100 cryptos in the world have made some positive gains in general towards the end of the week.

As we prepare to begin the fourth week, here we bring you a brief analysis of how the top 5 cryptos performed throughout the week.

1. Bitcoin (BTC)

Bitcoin made an entry into the new week on Sunday, 12th January 2020 at 8,150.53 USD. Interestingly, that was the lowest point for bitcoin throughout the week.

It rose steadily and reached its peak on Sunday morning at 9,090.79 USD. As of press time on Sunday 19th January 2020, bitcoin is trading at 8,707.63 USD.

Having seen a growth of 11.53 per cent over the past one week and with a market capitalisation of 158.25 Billion USD, Bitcoin tops our list of the top 5 cryptocurrencies of the just ended week.

2. Ethereum (ETH)

Ethereum, the second most popular cryptocurrency just behind bitcoin is still leading as the second biggest crypto asset in the third week of 2020.

The week for Ethereum started well compared to the previous week with an initial entry of 146.21 USD.

Towards the end of the week on Saturday, Ethereum peaked at 174.80USD. Ethereum, however, had its lowest point for the week on Saturday with 146.01 USD.

As of press time on Sunday, Ethereum sells at 166.97 USD. Though this sums up as a dip towards the end of the week, conclusively, Ethereum achieved a growth of 14.19 per cent over the past week. Its capitalisation stands at 18.254 Billion Dollars.

3. RIPPLES (XRP)

Still struggling at the top, Ripples started the week with 0.21USD and has been going on a smooth ride up the curve throughout the week. Its peak was 0.248USD which happened on Sunday afternoon. There was no other least price for the week aside from the entry point. So in all, XRP concluded the week at 0.234USD with a gain of 11.4 per cent and a market capitalisation of 10.268 Billion Dollars.

4. Bitcoin Cash (BCH)

Bitcoin cash has been enjoying some major rise in price from the beginning of the year. BCH entered the week at 266.68 USD. Its peak was on Saturday morning when it earned a price of 388.35 USD. The lowest point, however, was the entry point which means it’s seen positive growth. As at press time, BCH is selling at 338.21 USD on Sunday. Per mathematics, BCH has seen a growth of 26.82 Percent over the week. Its market capitalisation is pegged at 6.17 Billion Dollars.

5. Bitcoin SV (BSV)

Our fifth and final coin on the top five list of cryptocurrencies was Tether. Unfortunately, this week wasn’t a good one for the USD tether as it has had to move down a step further, thanks to the marvellous performance of Bitcoin SV (BSV).

BSV started the week with 162.84 USD. Towards the end of Tuesday, BSH reached its peak price of the weak which stands at 422.74 USD.

Its lowest pricing, however, has been the entry point. So no much trouble for this coin in terms of performance. As of press time today, Sunday 19th January 2020, BSH is selling at 257.32 USD.

Having clocked an increase of 58.02 per cent and a market cap of 5.065 Billion Dollars, BSH is the final coin on our list for the week.

Kindly check out our list of top 5 cryptocurrencies based on market capitalisation and percentage gains Nextweek Sunday.

NB: We do not give advice on crypto investments. Like any other investment program, cryptocurrencies are very risky ventures to invest in. Please do seek the views of an expert before making a decision to invest in cryptocurrencies

January 20, 2020
2020 Week 2: Top 5 Cryptocurrencies

The second week of 2020 seems to be a positive week for the crypto market. Majority of the top 100 cryptos in the world have made some positive gains in general towards the end of the week.

As we prepare to begin the third week, here we bring you a brief analysis of how the top 5 cryptos performed throughout the week.

1. Bitcoin (BTC)

Bitcoin made an entry into the new week on Sunday, 5th January 2020 at 7,561.30 USD. Interestingly, that was the lowest point for bitcoin throughout the week.

It rose steadily and reached its peak on Wednesday morning at 8,346.00 USD. As of press time on Sunday 12th January 2020, bitcoin is trading at 8,150.53 USD.

Having seen a growth of 7.8 per cent over the past one week and with a market capitalisation of 147.95 Billion USD, Bitcoin tops our list of the top 5 cryptocurrencies of the just ended week.

2. Ethereum (ETH)

Ethereum, the second most popular cryptocurrency just behind bitcoin is still leading as the second biggest crypto asset in the second week of 2020.

The week for Ethereum started rather slowly with an initial entry of 136.17 USD. Towards the middle of the week on Wednesday, Ethereum peaked at 147.62 USD. However, right from Wednesday through to Friday, Ethereum has been on a negative parabolic movement and reaching its lowest point at 135.93 USD.

But there is good news for holders. It looks like the weekend produced some magic as Ethereum sells at 146.2 USD as of press time today. Conclusively, Ethereum achieved a growth of 7.6 per cent over the past week. Its capitalisation stands at 15.92 Billion Dollars.

3. RIPPLES (XRP)

Ripples has been one of the worst-performing crypto assets among the top 10 towards the end of last year and this year. Many crypto gurus have predicted it as one of the coins to cause major shakeup in the industry this year. Well, we wait to see how that turns out.

Still struggling at the top, Ripples started the week with 0.19 USD and has been going slightly up and down throughout the week. Its peak was 0.223 USD which happened on Tuesday. And the least was the entry point. So in all, XRP concluded the week at 0.213 USD with a gain of 12.1 per cent and a market capitalisation of 8.56 Billion Dollars.

4. Bitcoin Cash (BCH)

Bitcoin cash has been enjoying some major rise in price from the beginning of the year. BCH entered the week at 223.71 USD. Its peak was on Saturday when it earned a price of 270.45 USD.

The lowest point, however, was the entry point which means it’s seen positive growth. As at press time, BCH is selling at 266.86 USD. Per mathematics, BCH has seen a growth of 19.28 Percent over the week. Its market capitalisation is pegged at 4.861 Billion Dollars.

5. USD Tether (USDT)

Tether is our last baby for the week. With steady pricing, Tether hardly loses or gains anything in the crypto market. However, its market capitalisation of 4.635 Billion Dollars puts it in the driving seat as the fifth and final crypto asset on our list for this weekend.

Kindly check out our list of top 5 cryptocurrencies based on market capitalisation and percentage gains Next week Sunday.

NB: We do not give advice on crypto investments. Like any other investment program, cryptocurrencies are very risky ventures to invest in. Please do seek the views of an expert before making a decision to invest in cryptocurrencies.

January 13, 2020
Verve partners GhIPSS to introduce verve cards in Ghana

Verve, a leading Pan-African card brand has extended it’s reach to Ghana. They made this possible by partnering the Ghana Interbank Payment and Settlement Systems Limited (GhIPSS).

Verve allows its users to make transactions in 185 countries around the globe with 22 African countries with Ghana, Kenya, Uganda, Tanzania, Nigeria, Gabon, all included.

CEO of Verve International, Mike Ogbalu III, made it known that Verve and GhIPSS have a common vision of growing digital payment in Ghana. “We are excited about this occasion. It marks the beginning of a great collaboration between two organizations with similar aspirations to drive the growth of digital payments across Africa. Because we typically share the same payment and economic challenges in various African countries, it’s also logical that the solution should be made through an African collaboration. In our attempt to solve these challenges, we realize the importance of partnerships. We also realize that GhIPSS’ vision for Ghana is consistent with that of verve, to drive the growth of digital payment in Africa. So today, we are witnessing the commencement of partnerships between Verve International and the Ghanaian financial and payment ecosystem, to grow digital payments, intra-African trade and ultimately drive economic prosperity.” He said.

Archie Hesse, CEO of GhIPSS said the partnership will help develop the digital payment systems in Ghana just as it has started making digital payment systems in Africa in the world. He said, “we are excited to collaborate with Verve International and to midwife Verve acceptance in Ghana. We are positive this will open a new vista of opportunities for improved services and development of more home-grown solutions. The card portfolio within our banks will increase and Ghanaian cardholders will have more exciting world-class services and benefits to enjoy. Together, GhIPSS and Verve will develop the digital payment ecosystem across the sub-region and beyond.”

Verve’s first International transaction using the new card, Verve Card Global was launched in Swarovski, New York.

The Cards, Verve Classic and Verve Global will be accepted as a mode of transaction across Ghana.

October 27, 2019
The Best Crowdfunding Platforms In Ghana

The internet today has become the number one place for seeking help from a wide variety of people. With the emergence of mobile money and the increase in the usage of debit cards (Visa and Master), online fundraising is becoming well-known in Ghana.

NGOs, business, individuals and even political parties have now come to embrace crowdfunding as their number one method of seeking help from the public. Gone were the days when people rely on family and loved ones to seek help, today, anyone who is in need of help can utilize some of the fundraising websites to crowdfunded their intended project.

If you have a project or an idea that you are planning of putting into action but due to financial constraint or funding issues, then the only option you may have is to seek help from the public through a method known as crowdfunding. Most of the well know crowdfunding websites accept visa master card or PayPal as their method of payment, a manifestation of the high level of financial technology in Ghana.

But as people began to get much interested in crowdfunding, there necessitated the integration of our number one popular method of payment (mobile money payment).

The goal of this article is not to tell you the history of crowdfunding and how it works but rather to show you some of the best crowdfunding websites in Ghana that you can use to seek help for your next or incoming project. Below are some of the best crowdfunding space in Ghana.

Here are crowdfunding platforms in Ghana:

Payputt

Payputt is a crowdfunded website that has help Individuals, social and economic groups, charity organizations and media houses in Ghana to raise funds for all manner of causes they are on. It uses the best security methods to ensure that your project contributor’s data and donations are safe.

When using this website for running your fundraising project, each of the contributor is given the chance to check campaigns and know how much is raised and the amount each donor has contributed.

Payputt has all the mobile network payments in Ghana integrated with their campaign and this means a contributor does not need an internet connection before he or she can contribute.

Funding Africa

Another fundraising platform that helps individuals to easily source funds from the general public without complication is Funding Africa.

It helps individuals, organizations or business ventures Raise money online for anything they care about. This crowdfunding site can be used for personal or social projects, ideas, and causes. they offer local and international donation options and free support for all fundraisers.

The site also has the option for your contributors to make a donation using mobile money payments if they wish to do so. Check out the funding Africa website for more information and see the various campaigns run by them.

GoGetFunding

GoGetFunding is a crowdfunding website that lets you raise money for anything that matters to you. From personal causes to events projects and more. GoGetFunding helped people from all over the world raise millions of dollars online.

Recognized by Forbes as one of the top global crowdfunding websites, their campaigns have been featured in a vast number of leading press publications in the world.

See the list of their latest campaigns and all that you need to start your own cause from the platform’s official website.

Gofundme

GoFundMe is a platform that helps individuals to easily share their story via email, text, and social media to solicit support from the general public for a cause.

GoFundMe is trusted by many around the world for its simple and reliable fundraising platform. You can personalize and share your GoFundMe link in just a few minutes. Harness the power of social media to spread your story and get more support.

GoFundMe has an app that you can easily launch and manage your campaign whenever and where you find yourself. Visit the homepage for more info.

Mightycause

Mightycause is another online fundraising platform that enabled institution such as nonprofits, churches and businesses to crowdfunded the causes they believe in. Individuals, families, classrooms, sports teams, companies, and initiatives of all shapes and sizes make a difference by using Mightycause for raising funds for their cause.

Organizations like Giving Tuesday, run their fundraising projects on Mightycause year after year. Get full information about this crowdfunded platform from their website.

Myaidfund.Com

This crowdfunding platform is built and managed by a Ghanaian based, startup technology firm. It can be used for both online and offline fundraising. The platform gives Individuals, organizations, political parties, friends, family, colleagues, donors, the chance to contribute to a cause via social media platforms such as Facebook, Twitter, LinkedIn, WhatsApp etc.

Contribution can be done using Visa/Mastercard, PayPal or mobile money. Even though the site has now paused its operation for some reasons known to them, a chat from the developer shows that they are organizing things to bounce back with more improved service.

Conclusion

Crowdfunding has been in operation for some time now but in our part of the world it seems is now that people are beginning to take advantage of this method of soliciting help from the general public. Because of the earlier low patronage of the fundraising sites, there are still a few of these platform in Ghana.

The above are some of the best ones that we think are worth knowing. If you have any you would want to share with us, kindly list them below.

August 29, 2019
Is Bitcoin the solution to keeping your savings “safe” as financial institutions continue to close down?

According to reports, a massive ‘clean up’ of Ghana’s banking system has left tens of thousands of people wondering where their savings have gone. The crackdown has reduced the number of lenders by a third and resulted in the closure of 23 savings and loans firms. It also triggered a run on fund managers which caused a selling spree and mass liquidation of holdings.

An estimated $1.6 billion has been wiped out, which is over a third of the assets that private fund managers supervise for retail and institutional investors. Ghana’s primary financial regulator, the Securities and Exchange Commission, has increased pressure on at least 20 fund managers it suspects of violating the rules.

The SEC has blocked asset managers from receiving any new investments as they may be used to pay out existing investors. The massive run on holdings has left as many as 70,000 people desperately seeking answers as to where their savings have gone. Lord Mensah, a senior finance lecturer at the University of Ghana, commented;

It’s cutting across all the finance houses and when it happens like that the government needs to step in to build confidence again. There’s nothing we can do apart from making sure that we create that necessary environment to regain investors’ confidence again.

The issue Ghana faces is more about having adequate system and controls in place to ensure that there is no room for such things to happen.

Bitcoin is The Solution

Crypto industry observer ‘Rhythm Trader’ said that financial management should not need a middleman and bitcoin, with its ever-expanding network, is the answer.

The savings of tens of thousands wiped-out overnight. This is why saving your wealth should be simple and not need a middleman. Bitcoin fixes this.

Many would argue that bitcoin’s volatility is keeping the masses at bay, coupled with the fact that it is a high-risk investment. But for thousands of Ghanaians, what they perceived to be traditional investments have proved to be a much higher hazard.

Can bitcoin solve the savings crisis? Add your comments below.

August 21, 2019
The Best Banking Apps you can use in Ghana right now
The banking system in Ghana has seen great changes in recent times thanks to the advancement in Fintech. With the invention of smartphones and the increase in the development of mobile apps, a lot of mobile banking apps have been released to satisfy the needs to Ghanaian bank customers.

Gone were the days where you have to walk to the banking hall before you can make a withdrawal or deposit to your account.

Today, with the help of these apps, one can easily transact business on his/her smartphone right in the comfort of their homes. These days, every banking service in Ghana has an app tailored to meets its customer’s choice.

Most people even consider banking app before selecting a bank to deal with, an indication that financial technology has huge potential. There are many banking apps out there that anyone can installed and begin to transact. But what we do is to look for the best ones for our readers and anyone who is also on a mission for finding the best banking apps in Ghana.

All the mobile banking apps listed below are free to download through PlayStore and Appstore. However, using them will attract charges from your cell phone carrier’s messaging, and data usage.

UBA Mobile Banking App

When talking of the best mobile banking apps in Ghana, there is no doubt that the UBA Banking app is number one. I have been a lover of this app from day one.

The UBA Mobile Banking App has completely enhanced mobile banking experience to its customers. Using this app, you can easily access all the Banking services offered by this great institution.

You can quick log-in within a few seconds with the biometric option (facial and fingerprint) on devices that support this feature, send and receive money from the app, mobile top-up, check account balance, see transaction history, pay bills and many more.

The best thing that, users can easily access their bank and card statement right from this app.

Download UBA mobile banking app

ABSA Ghana

The Absa Mobile App gives you the ability to carry your bank conveniently in your pocket. when you install this app, you enjoy the freedom that comes with doing your banking from anywhere at any time for free.

With the Absa Ghana app, you can access your accounts, send money, and withdraw cash any time you wish to do so.

No need to visit the bank hall for that. Buy airtime and pay your bills directly from your phone, use your Mobile Wallet to pay for goods and services on the fly, check your balances and transaction history at the comfort of your home.

Download ABSA Ghana app

Fidelity Mobile Banking

Another great app that is loved by many mobile banking app users is the fidelity mobile banking app. Fidelity bank has been one of the fastest-growing banking services in Ghana and it is of no surprise that their app is liked by many of the users.

With the app, you have nothing to worry about. No more hustles that people go through before having access to their balance or transaction details, especially when they travel to a place in which the bank has no branch.

The app allows you easy access to all your accounts at Fidelity Bank Ghana while enabling you to make secure transactions and payments. Manage your money with convenient, safe and easy to use the mobile app from Fidelity Bank Ghana Ltd.

Download the Fidelity Mobile Banking app

UMB SpeedApp

Just like any of the above-mentioned apps, the UMB SpeedApp has also come and added to the list of the best apps we have here in Ghana. The UMB SeedApp gives Customers the benefit of monitoring a real-time account balance in a secure and simplified way.

When you install the app, you can:
- Check Account Balances
- Check Transaction History
- Airtime top-up for Self & Others
- Bill Payment Services
- Request Services – Statement, Cheque Book, etc.
- Locate Branch & ATM
- Product Information
- Bancassurance Services
- Funds Transfer Services
- Loan Services
- Investment Services
- Card Services
- Standing Order Services
- Forex Rates
Download the UMB SpeedApp

ADB Mobile Banking 2.0

This is an app offered by the Agric Development Bank of Ghana. The app is good for accessing all the services provided by this bank.

From checking of an account balance to getting instant access to all the transactions conducted with the bank. Transfer funds, view loans details and deposit balances, confirm cheques, order cheque books and access forex rates while saving time and cost.

Below are some of the things you can do with the app:
1. View recent transactions and check your balances
2. Pay someone new or someone you’ve paid before
3. Transfer money between own accounts
4. Perform instant payment to other banks
5. View term deposit
6. View loan balances
7. Reset forgotten password
8. Pay bills online
9. Air time top-up
10. Account statements
11. Forex Rates
12. Find your nearest branch or cash machine
Download the ADB Mobile Banking 2.0

Slydepay

Slydepay is not affiliated to any bank but has the all in one integration of most of the banking service in Ghana. The app has come to make the life of an ordinary Ghanaian easy and simple. People who were previously considered unbanked can now use this app to make all the transaction that any bank account user could do.

Using the Slydepay mobile banking app, you can pay bills, transfer money from the app, top-up Airtime from any service provider, cross transfer cash from one mobile money service provider to the other, link and Verify your debit/credit card in your Slyde account and keep track of all your transactions in one place.

Download Slydepay

Final Words

Banks keep adding new features to make your banking experience a favourable one on these apps. Each update from the developers comes with new features or make an improvement to some already existing feature. It is also worth mentioning that, some features mention in these apps (like fingerprint-based features) may not work on all device due to compatibility issues.

But what we do know is that you can have some of the basic ones, when you install your desired app.
August 18, 2019
Wave Money Transfer: Send Mobile Money To Ghana, Nigeria, Kenya
Money transfer from the USA, UK, Canada and other European countries to Africa can sometimes be hectic and time-wasting, especially with the, increase in cybercrime and the introduction of measures to counter money laundering in the system.

A lot of people abroad find it difficult to send money to their relatives and loved ones in Africa. Some also tried in the past and have had bad experiences with some of the companies.

MoneyGram used to be the best but these days because of the bad experience and other limitations from this company, a lot of people are looking for other alternatives for sending money from abroad to Africa.

If you have your relative abroad and want he or she to send you cash without going through all the difficulties then this post is for you.

This pot is going to introduce you to a company that offers the best service when it comes to sending money from abroad to Africa. This company we are going to talk about in this article is wave money transfer.

Wave is a company that centres in sending money to African countries like Ghana, Kenya, Nigeria, Tanzania and Uganda using a mobile app. Wave was founded in the year 2014 by a team of young engineers who love and live in Africa.

During this period, the platform has grown to become a fully functional money transfer service with much improvement in security. This makes Wave the world’s leading remitters to East and West Africa today.

Wave so far has the best cost-effective service as compared to other companies in this filed. According to wave, they don’t charge any transaction fees and that all their transactions are encrypted so your personal information is always secure.

Unlike other companies which charge transaction fees, wave makes their “profit” on the exchange rate.

Features of the App
1. Instant, NO FEE transfers from your debit card to mobile money accounts in Ghana, Tanzania, Uganda, & Kenya
2. Send money easily and quickly as a text message
3. 24/7 Personal support to all customers
4. Real-time updates on the status of your transfer so you always know where your money is
How To Get Started With Wave App

Wave uses the mobile app technology which can be downloaded from Google Play for Android and the App Store for iOS.

Once the wave app is installed on your mobile device, you need to register by following some simple process which includes registering your debit card.

After a successful registration on the app, you can instantly send money directly from your mobile in the US, UK or Canadian to Ghana, Kenya, Uganda or Tanzania with completely no transfer fees.

How To Send Money to Ghana, Nigeria, Kenya With Wave App

To send money using this app, first, open the app from your phone menu and then enter your recipient details (Name and Phone)

Now choose how much money you want to transfer and press ‘Send.’

Once everything goes well, your recipient in Africa will receive the money on their mobile instantly!

Now, this recipient can go to any mobile money venture and cash out the money sent. This is mostly possible in Ghana and Kenya. But with some countries like Nigeria, the receiver of the money can also cash it out at the bank and the cashing out process should also be fast and instant.
March 13, 2019