No. WAIV is a technology and marketing company that licenses a global payment platform to partnered banks as a way of expanding their customer base. WAIV also offers a faster, cheaper, easier alternative to current methods of international and domestic remittance.
WAIV offers a PCI-compliant global payment system to partnered banks, using a proprietary KYC technology. The highest level of compliance is applied across the board. Our technology allows for remittance transfers to take place in under 10 seconds.
Anywhere, anytime. It doesn’t matter if it’s midnight on a Sunday, you can send money to any account in our network. As long as you have an internet connection, you can send money.
Download the app from the app store, or click join. Then fill out the form and, once approved, your card will be sent to your specified address. Then you’ll be ready to go!
Once your application is complete, you will be able to send money between accounts in the WAIV network. This means both you and the person you’re sending money to will need to be WAIV members. Then, from the app or via the website, you will be able to log in and transfer money from your account to theirs.
You can send money to countries where WAIV has partnered banks.
Our aim is to make it easier for migrant workers to send money back home. We do this by providing a better way to send money in a way that provides financial freedom to the unbanked, utilising mobile phones and computers.
Check our map to see if WAIV is already available in your country. Otherwise, you can sign up for our newsletter and we’ll let you know when it becomes available wherever you might be.
Your WAIV debit card can be used anywhere you’d normally use a debit card – in person or online!
You can send or receive money to and from any WAIV account in under 10 seconds! If transfers are travelling to or from outside accounts, regular wait times may apply.
Sending money internationally costs a flat fee of only $2 USD. Sending money domestically is free (in participating countries).
We don’t do credit checks. Anyone can apply for a WAIV account! No one will be turned down for lack of credit, poor credit, or their banking history. The whole point of WAIV is to help people on the road to banking with ease.
The easiest way to use all WAIV has to offer is using our Mobile App, however we also have an online portal where you can do everything you can do from the app on your home computer.
WAIV is partnered with banks all over the world. Check which bank you’re with in your country.
Of course you can! Fast, cheap remittance is for everyone. Simply sign up and you can transfer money into your WAIV account right away.