This article shows Wave Mobile Money transaction charges in Uganda. Wave Mobile Money offers an app-based financial solution to save, transfer, and borrow money. Wave mobile money is on a quest to make Africa the first cashless continent. On a continent where less than 10% of the population has a bank account, Wave is building the first modern financial network — no account fees, instantly available, and accepted everywhere! It is building a life-changing financial infrastructure. Wave is using technology to build a radically inclusive and extremely affordable financial network.
By extremely affordable, Wave is offering;
- Firstly; Free Deposits and Withdrawals
- Secondly; Free Bill Payments
- Thirdly; Send Money at 1% Fees as low as UGX 50 and a Maximum Fee of UGX 12,500
READ ALSO: What you need to know about Wave Uganda
Contents
Here are Wave mobile money transaction charges in Uganda
| Amount Sending (UGX) | Sending-Fee (UGX) |
| 5000 | 50 |
| 10000 | 100 |
| 100000 | 1000 |
| 1000000 | 10000 |
| 1250000 | 12500 |
| 2000000 | 12500 |
| 4000000 | 12500 |
| 5000000 | 12500 |
Related:
How to Withdraw Money from the Wave App
How to Locate Wave Agents in Uganda
How to Send Money via the Wave App
Wave’s Mission
Shocking as it may seem, half of the population in Africa has no bank account. Wave is building the first advanced financial network — no account fees, instantly available, and accepted everywhere!
As soon as mobile money became successful in Kenya, it elevated about a million people out of poverty. Be that as it may, over 10 years thereafter, the majority of Africans continue to lack access to cost-effective methods to save, transfer or borrow the money they need to build businesses or provide for their families.
Wave is addressing this problem by using technology to build a thoroughly inclusive and extremely affordable cost-effective network. Simply put, its mission is to make Africa the first cashless continent.
Wave’s Story
Its co-founders, Drew Durbin (CEO) and Lincoln Quirk (Head of Product) met as hallmates freshman year. They became friends over a shared love of building simple products that make a social impact.
First, they built Sendwave, now the largest digital remittance company in Africa. Next, they turned their attention to Wave with the mission to bring digital finance to everyone in Africa.