WayaPay Launches Digital Bank and Money Transfer App for Immigrants

WayaPay, a US-based Kenyan fintech, has launched its full-service digital bank and money transfer app targeting African immigrants.

Users of the WayaPay App will be able open digital bank accounts, and within minutes, send money to other Waya users for free. Moreover, they can use their Waya cards linked to their Waya account for different spendings and send money to more than ten countries in Africa. Remittances will be delivered to mobile wallets and bank accounts across Africa.

In addition, Waya allows users to make domestic bank transfers within the US to pay others or pay bills in the countries where they live and work.

It also seeks to provide other financial services like credit, savings account, and investment opportunities for African immigrants to enable them to be more financially secure and financially included in the countries where they work and live.

Wayapay's aims to provide unlimited financial access and opportunities to everyone, especially those that are underserved, overlooked, and misunderstood by the traditional banking systems globally, with an initial focus on people living and working outside their home countries, as mentioned by the company officials.

(Source: The Paypers)