Question: How does SendWave work in Kenya?

Sendwave works by allowing you to send money from a debit card to select countries abroad. You sign up for the app, enter sending and payment details and then send money at your leisure. Sendwave doesn’t charge transfer fees.

Can Sendwave send money to Kenya?

We send from the US, UK, Canada, France, Italy, Spain and Ireland to Kenya, Uganda, Tanzania, Ghana, Nigeria, Senegal, Liberia, Cameroon, Ivory Coast, Sri Lanka and Bangladesh.

How does wave money transfer work?

To complete a Wave money transfer to Ghana, you need to input the recipient’s name, phone number, and the money you wish to transfer on the app. Wave will then convert your currency to Ghanaian currency. The transfer takes about 30 seconds. After this period, the recipient will receive the money in their mobile wallet.

How much money can you send on Sendwave?

When you first create your SendWave account, you will be limited to sending $999 per day and $2,999 per month. You can raise your limits by providing more verification and documents needed to confirm your identity. If your account is 100% verified, you will be able to send up to $2,999 per day and $12,000 per month.

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How do I send money through send wave?

Get started

Simply download the app, link your debit card, verify your identity and instantly transfer money to your friends and loved ones. Seriously, it’s that simple.

How can I send money to Kenya?

How to transfer money to Kenya online?

  1. Register for free. Sign up online or in our app for free. …
  2. Choose an amount to send. Tell us how much you want to send. …
  3. Add recipient’s bank details. Fill in the details of your recipient’s bank account. …
  4. Verify your identity. …
  5. Pay for your transfer. …
  6. That’s it.

Can I trust Sendwave?

Sendwave is indeed a legitimate company, registered as a money transmitter in the EU, UK, US and Canada.

How long does it take to receive money from Sendwave?

How long does my recipient have to collect the funds? The funds need to be picked up within 7 days of the transfer being sent. After 7 days the transaction will be cancelled and your debit card will not be charged.

Who is the owner of Wave money transfer?

In June 2020, Yoma Strategic Holdings established Yoma MFS Holdings (Wave Holdco). Yoma Strategic Holdings, then, acquired the entirety of Telenor Group’s stake in Wave Money. Currently, YSH is the largest controlling shareholder in Wave Money.

What bank does wave money use?

We partner with Community Federal Savings Bank (CFSB) to issue the Wave Visa® Business Debit Card. CFSB holds all Wave Money deposits, which are insured up to $250,000 through the Federal Deposit Insurance Corporation (FDIC).

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Does Sendwave limit?

There is a $1,000 daily and $3,000 monthly limit per mobile money account. The company makes its money by offering exchange rate lower than market rates. For example, if I want to send a $100 a friend in Ghana (let’s call him Kweku), SendWave will send the $100 at an exchange rate of GHS5.

Which countries use Sendwave?

Sendwave allows you to make instant, affordable money transfers from countries in North America and Europe (USA, UK, Canada, France, Italy, Spain, and Ireland) to countries in Africa (Kenya, Uganda, Tanzania, Ghana, Nigeria, Senegal, and Liberia) and Asia (Bangladesh and Sri Lanka).

Is Sendwave free?

Download the Sendwave app for iOS or Android and register for a free account.

What is Wave transfer?

‘Wave’ is a common term for a number of different ways in which energy is transferred: In electromagnetic waves, energy is transferred through vibrations of electric and magnetic fields. In sound waves, energy is transferred through vibration of air particles or particles of a solid through which the sound travels.

Which is the best app for money transfer?

Compare the Best Money Transfer Apps

App Operating System
PayPal Best Overall iOS and Android
WorldRemit Best for International Transfers iOS and Android
Cash App Best for Low Fees iOS and Android
Venmo Best for Shared Bills Apple iOS 10.0 or Android Lollipop (API 21) or higher devices

To connect a bank account to Wave:

  1. Click Banking > Connected Accounts in the left-hand navigation menu.
  2. In the window that pops up, enter the exact same login credentials you would for your online banking and click Submit.
  3. Click Save and Continue.
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Hai Afrika!