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Find all the economic and financial information on our Orishas Direct application to download on Play StoreAt a ceremony held on Friday 23rd
January in Dakar, Wave Digital Finances officially launched its Visa Card
virtual in Senegal, in collaboration with Ecobank Senegal and Visa.
The 100% dematerialized payment solution is
integrated into its mobile application. Behind this new digital solution,
a major challenge for the operator. It is about allowing millions of
Senegalese, often excluded from traditional banking circuits, to access
online payments and international transactions through the Visa network.
According to Malick Gueye, CEO of Wave
Senegal, “this launch marks an important step in our mission to
make financial services as simple and accessible as possible.”
For Sandra Gayibor, Cluster Visa Director
Senegal, Mali, Cape Verde, Niger and Guinea, as a payment network
global, Visa brings international interoperability and standards of
security that is essential to operate across borders.
Backed by the banking expertise of Ecobank Senegal, the Wave virtual card thus combines ease of use and reliability, while complying with compliance and consumer protection requirements.
Wave's virtual card launched
in a context of growth for the African e-commerce market, driven by
the youth of the population and the massive use of mobile phones. The World Bank
estimates that the African e-commerce market, valued at over 50 billion
USD in 2024, is expected to grow by at least 10% per year. For uses
daily newspapers, especially among young people, small businesses and retailers
local, it is an opportunity to reach a wider clientele and to integrate
in global digital value chains.
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