Adoption of mobile money has seen significant growth around the world. Africa is witnessing the most growth among all regions,...
How Africa’s Mobile Network Operators are evolving?
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A Modern Infrastructure for Financial Inclusion in Africa
Powered by Distributed Ledger Technology
and innovative minds
Expanding our network in
TanzaniaGhanaRwandaZimbabweIvory CoastRwanda
Working in more than 10 countries of Africa
Introduction to the Wakandi Solution
Wakandi is a payment Network works for financial services companies, government regulators, and others taking on the challenges of interoperability and financial inclusion.
What is the Wakandi solution?
Wakandi offers a DLT-based infrastructure that enables faster, cheaper, and more transparent ways to transfer value and share data. It connects banks, Mobile Money Operators (MNOs) and financial institutions to provide a foundation to develop innovative products and services.
What makes us unique?
What drives Wakandi is the power of technology and innovation and our constant urge to create a positive impact on 370 million (2019) unbanked Africans by attracting them to choose the formal economy.
Why Africa?
African countries have experienced constant economic growth in recent years, creating an entirely new development path for better business potential. Another aspect of the African economy being highly cash-driven, with 95% of retail transactions in cash (2019), offers a perfect market for Wakandi to flourish.
The story of Wakandi
Wakandi was founded in 2018 with an aim to improve the way money and money transfers are handled in Africa. We were inspired by how technology and innovation can create a positive impact on millions of people.
Our core strengths
Private, permissioned blockchain
Complete fintech infrastructure
Peer-to-Peer payment network
You should be on the Wakandi Network
Banks
Adopt innovative and future-proof financial infrastructure and reduce the cost of managing the cash economy.
Payment Service Providers
The peer-to-peer payment network not only supports payment but also creates the possibility to develop new value-added services for all payment companies.
Use Case: Data Accessibility
In Africa, the majority of money transfers are performed on mobile. As a result, banks don’t have data related to these transfers. The Wakandi solution offers a way to share this data, paving way for many new possibilities.
CAMS
A financial inclusion system based on Wakandi
Credit Association Management System (CAMS) is a unique financial system built on top of Wakandi’s DLT-based infrastructure. The system is designed to offer formal financial services and tons of benefits to thousands of informal financial groups (IFGs).
Better Security
Easy Management
Better Control
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Testimonials
“Enabling startups to take the advantages of DLT by integrating with our infrastructure will result in real-life applications of DLT that could disrupt the payment industry as we know it.”
Stian Andreassen
Co-founder Ledgefarm / Wakandi Group
“The Wakandi blockchain network allows us to integrate our existing services quickly and with ease, which is a game-changer. We were so impressed that we took it upon ourselves to sign up and be one among the first few companies on the network.”
Magnus Mchunguzi
Executive Director, YellowDot Mobile SA (Pty) Ltd
“EY is assisting Wakandi in relation to assessing tax, legal and strategy aspects. The project has the power and potential to change the payment industry by enabling banks in many countries to offer true open banking solutions. By connecting banks to the Wakandi network, next generation payment solutions might be developed in a modern and fast way.”
Magnus Jones
Nordic Blockchain Lead, EY Tax & Law
Thoughts behind Wakandi
“Enabling African startups to take the advantages of blockchain by using our infrastructure will result in real-life applications of blockchain that could disrupt the world as we know it.”
Espen Moen Kvelland, CEO
“Africa is the future. The financial sector plays an important intermediation role in the economy of many Africans countries. By making remittance and other financial services easy, fast and secure through the use of Blockchain technology will help to build a strong African economy.”
Sele Mduda, KAM Africa
“Africa is the future. The financial sector plays an important intermediation role in the economy of many Africans countries. By making remittance and other financial services easy, fast and secure through the use of Blockchain technology will help to build a strong African economy.”
Sele Mduda, KAM Africa
Insight and Blogs
The youth and mobile money services in Sub-Saharan Africa
Many reports say that young Africans are less likely to have a bank account than adults in Africa. At the same time, they are...
Solving the issue of poor record-keeping for IFGs
Every company must maintain adequate accounting records – be it a bank or a small microfinance company. Several orders and...
