
Mobile money app for sending and paying in West Africa
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Wave is a mobile money service that lets people in West Africa send, receive and pay without a bank account. Users deposit and withdraw cash through a network of agents and move money by phone. The company says deposits and withdrawals are free and that sending costs one percent. Wave also handles bill payments and merchant payments, and it operates in countries such as Senegal and Côte d'Ivoire. It is designed for individuals and small traders who rely on mobile phones for everyday money transfers.
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