Wafacash's ‘Low Income Banking’ service
‘Thirty years ago, banking services for people with limited incomes were rare.
Yet they are essential for stabilising the revenue of every individual and enabling the development of every economic activity. It was therefore essential to democratise access to these services across the African continent and diversify payment channels.
This is truly Wafacash's priority: offering all its low-income customers what we call a ‘one-stop financial shop’, in other words access to the services of a proper bank branch, even when there isn't one near them!
And with 9.5 million customers currently in Africa, I think we can say that we are fulfilling our initial promise. The economy is growing because people can count on our reliable national and international money transfer and payment tools, access to credit offers and a full range of inclusive insurance products’.
