Wave Gambia review
Updated September 28, 2026 · VaultCue Editorial Team · Facts checked September 26, 2026
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Our verdict
Wave Gambia fits businesses paying staff or suppliers who collect cash or hold a wallet, with a delivery time of Instant (seconds). A monthly fee of XOF 0 keeps the running cost low, but the service is digital-only and the currency count is 1, so a single market is the realistic scope.
Key facts
- Best for
- Paying staff and suppliers who want fast cash or wallet payouts without a monthly charge.
- Transfer fee
- 1% of the amount sent, free for the recipient↗
- Delivery time
- Instant (seconds)↗
- Payout methods
- Wallet, Cash-pickup↗
- Currencies
- 1↗
- Fee to send 1,000
- F CFA 10↗
- Legal entity
- WAVE SA (RCCM Ma.Bko.2018.B.6094), electronic money issued by UNITED BANK FOR AFRICA MALI SA↗
- Headquarters
- Mali↗
- Support channels
- Phone, Email↗
- Official website
- wave.com
Everyday accounts
- Monthly fee
- F CFA 0↗
- Free ATM withdrawals
- F CFA 0↗
- Audience
- Business
- Pricing model
- No monthly fee
- Features
- Digital-only
Facts checked September 26, 2026, 4 sources
Apps and profiles
- Get the app
- App StoreGoogle Play
Pros and cons
Pros
- A business send costs 1% of the amount sent, free for the recipient, so payroll and supplier runs are easy to budget per payment
- A delivery time of Instant (seconds) suits same-day supplier payments
- A monthly fee of XOF 0 keeps the account cheap to hold
- Payouts reach a wallet or a cash pickup point, per wallet and cash pickup, so recipients without a bank account can still be paid
Cons
- A currency count of 1 sits at the bottom of the range, where the category median is 5
- Digital-only, per digital only, means there is no branch to visit, and the free ATM allowance is XOF 0
- Support runs on phone and email only, so a stalled payment means reaching the team by phone or email
Who it suits
- Businesses paying staff or suppliers who collect cash, since payouts reach a wallet or a cash pickup point
- Senders who need money to land fast, with a delivery time of Instant (seconds)
- Anyone who wants to hold an account at no monthly cost, with a monthly fee of XOF 0
Who should look elsewhere
- Skrill, if you want a card payout, because payouts here run through wallet and cash pickup and the currency count is 1
- PayPal Colombia, if you pay from a PayPal balance or hold several currencies, because the stated audience is business
- Paysera, if you need euro transfers to SEPA or Paysera users, because the currency count here is 1
Who runs it
Wave Gambia is run by WAVE SA, with balances held as electronic money issued by United Bank for Africa Mali SA. The listed headquarters country is ML, and the regulator on the licence is Banque Centrale des Etats de l'Afrique de l'Ouest (BCEAO). Support runs on phone and email, so you reach the team by phone or email.
How Wave Gambia compares
Where Wave Gambia is available
- Available
- Mali
- Licence in Mali
- Banque Centrale des Etats de l'Afrique de l'Ouest (BCEAO), checked September 26, 2026
Countries from the brand (Source, checked September 26, 2026)
Frequently asked questions
How much does it cost to send money with Wave Gambia?+
A business send costs 1% of the amount sent, free for the recipient, and holding the account adds a monthly fee of XOF 0. Because the charge is set as a share of each amount sent, the cost of a payroll run can be worked out in advance.
How fast does the money arrive?+
The delivery time is Instant (seconds), so a payment sent in the morning can reach the recipient without a wait. Payouts run through wallet and cash pickup, which matters when the person receiving the money has no bank account ready to take a transfer.
Who is behind Wave Gambia and who regulates it?+
The service runs on WAVE SA, with balances issued as electronic money by United Bank for Africa Mali SA. The regulator on the licence is Banque Centrale des Etats de l'Afrique de l'Ouest (BCEAO), and the listed headquarters country is ML.
Can I take cash out at an ATM?+
Not in the usual way. The service is digital-only, per digital only, and the free ATM allowance is XOF 0. Cash comes from a pickup point instead, so plan around wallet and cash pickup when you pay people in cash.
Which currencies does it work in?+
The currency count is 1, and the median across money transfer services is 5, so this range sits at the narrow end. The listed headquarters country is ML, which shows which market the service is built for.
Is there a monthly charge for keeping the account?+
A monthly fee of XOF 0 is what the account costs to hold, and the pricing model is listed as no monthly fee. The only charge to plan around on a business send is 1% of the amount sent, free for the recipient, and the recipient pays nothing for it.
Who is Wave Gambia built for?+
The stated audience is business, so the service is set up for paying staff and suppliers rather than household transfers. Support runs on phone and email, which matters on a digital-only account when a payment needs checking.
Sources
- wave.com/en checked September 26, 2026
Backs: Free ATM withdrawals
“Deposit & withdraw money for FREE”
- wave.com/en/about checked September 26, 2026
Backs: Pricing model, Monthly fee
“no account fees”
- wave.com/en/business checked September 26, 2026
Backs: Audience, Delivery time, Payout methods, Transfer fee, Fee to send 1,000
“Hundreds of thousands of businesses of all sizes use Wave to pay their employees, take payments from customers”
- wave.com/fr/terms_uba_ml checked September 26, 2026
Backs: Currencies, Features, Headquarters, Legal entity, Support channels, Licences
“1 UV = 1 F CFA”
Compiled from 4 source pages, checked September 26, 2026. We did not open an account.
Not confirmed yet: Exchange rate markup, Licence type.
Related by the facts
Wave Gambia
Paying staff and suppliers who want fast cash or wallet payouts without a monthly charge.