Cooperative societies play a key role in promoting savings and credit facilities in many African countries. They act as an...
Enabling Online Payments for Informal Financial Groups
Digital payments have become the norm for every industry. Wakandi aims to make online payments possible in the informal economy by connecting multiple mobile network operators (MNOs) to the CAMS system. Members can choose their preferred payment provider to send contributions to their savings groups online.
Benefits to Mobile Network Operators (MNOs)
Working with CAMS as a payment provider for informal financial groups (IFGs) can bring immense value to mobile money operators.
Connect with CAMS as one of the esteemed payment providers
Increase in the number of mobile money subscribers
Contribute to the digitization of the informal financial groups
Attract more financial groups’ subscriptions into the market
Connected MNOs in Africa
Become a payment partner on CAMS
"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."
Nordic Blockchain Lead, EY Tax & Law
"The Wakandi DLT 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."
Executive Director, YellowDot Mobile SA (Pty) Ltd
"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."
Co-founder Ledgefarm / Wakandi Group
Insights and Blogs
Savings and credit cooperatives in Kenya have been connecting millions of people to provide affordable financial services. These...
Cooperative societies across Africa have been operating for decades to offer affordable financial services. They play a pivotal...