The informal financial sector in Uganda is fast growing. It is ready to be transformed into a landscape driven by technology and innovative solutions.
Our thought leaders
Terje A. Width
Wakandi Group is present in the following countries in Africa
The History of Wakandi
Wakandi Group AS is a Norwegian company started in 2018 as a team of business innovators and technology disruptors.
It is noteworthy that in the initial stages of operations, Wakandi Group received funding from the Norwegian Government under various programs run by “Innovation Norway.”
Our payment infrastructure is built by the leading DLT developer, Akeo AS. With such an experienced partner, Wakandi promises high innovation and the best technical solutions.
Wakandi prides itself as a modern technology company with a vision and a mission based on the underlying purpose of improving people’s lives with technology. We believe enhancing financial inclusion is a cornerstone to building a more sustainable society, particularly in the developing world.
Our team rests firmly on a set of key values and operating principles, which on a daily basis guide our organization and the external stakeholders on how we work and how the business is applied. From our Scandinavian heritage, we are passionate ambassadors in building a multicultural and diverse company culture.
At Wakandi, we believe in customer focus, the power of innovation, demanding reliability, preparing for scalability, and promoting transparency.
Our licenses in Africa
Payment Service Provider (PSP) by Bank of Tanzania
Class A: SACCO shared capital of 10-199 million with a saving account.
Class B: 200- million. Reports, are low to have a Deposit account /loan/withdraw and saving account.
What is a PSP? A payment service provider is a third-party company that assists businesses to accept a wide range of online payment methods, such as online banking, credit cards, debit cards, e-wallets, cash cards, and more. They ensure customers’ transactions make it from point A to point B, safely and securely.
Tanzania Communications Regulatory Authority (TCRA) License
What is TCRA License? It is a license that allows us to offer mobile applications.
Tanzania Cooperative Development Commission (TCDC) License
What is TCDC License? TCDC License allows us to provide ICT services to cooperative societies in Tanzania.
BRELA Business License
What is BRELA Business License? This license allows us to operate the business of software development, installation, and maintenance.
Payment Service Provider (PSP) by Central Bank of Kenya
What is PSP License? This license allows to provide payment gateway services to cooperative socities in Kenya.
Electronic Transaction Certificate by NITA-U
What is NITA-U Certificate? This certificate allows us to run our system in integration with different mobile network operators in Uganda.
Personal Data Protection Office (PDPO) License
What is PDPO License? It is a license that allows us to operate as a data controller and data processor in Uganda. In other words, handle personal data.
Insights and Blogs
Wakandi launched the Credit Association Management System (CAMS) as a financial management system for cooperatives in 2022. CAMS aims to digitalize management and accounting processes for...
The financial year closing for cooperative societies is near. It is when their management committee prepares financial accounts to give a true and fair view of their financial position. They also...