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Wave · Launched 2018
Senegalese mobile money operator that entered the market at a flat 1% and forced incumbents to cut tariffs across Francophone West Africa. Free deposits and withdrawals; the 1% applies to sends.
A scheme- or regulator-set rate, or a widely reported figure. Source: Wave's widely publicised flat 1% send fee.Official site ↗
Online · percentage component
Rates are step functions: each level holds until it is replaced.
Online pricing across every country where this method is available, with the cost on a GMD 100.00 payment for comparison.
| Market | Listed fee | Cost on 100 | Effective | Since | Basis |
|---|---|---|---|---|---|
 Burkina Faso | 1% | F CFA 1 | 1% | 27 Jan 2025 | Reported rate |
| Gambia |
| 1% |
| GMD 1.00 |
| 1% |
| 22 Nov 2023 |
| Reported rate |
 Ivory Coast | 1% | F CFA 1 | 1% | 1 Jul 2025 | Reported rate |
 Mali | 1% | F CFA 1 | 1% | 5 May 2023 | Reported rate |
 Senegal | 1% | F CFA 1 | 1% | 1 Apr 2021 | Reported rate |
 Uganda | 1% | UGX 1 | 1% | 24 Nov 2024 | Reported rate |
Every recorded change, newest first, with the movement from the rate it replaced.
Agent commission structure revised.
In Gambia, on the online channel: 1%, in force since 22 Nov 2023 (reported rate). Fees differ by market and channel, and the table above lists each one.
It is priced in 6 markets here: Burkina Faso, Gambia, Ivory Coast, Mali, Senegal, Uganda. A market missing from the list has not been recorded yet, which does not mean Wave is unavailable there.
It is recorded as instant. Actual timing can depend on cut-off times and on the receiving account.
Not through a chargeback: it has no chargeback process, so a payment is hard to reverse once sent. Check who you are paying before you confirm.
Yes. It is a payment method businesses accept, and the fees shown are what a merchant pays to be paid through it.
