What is Wapi Pay? Wapi Pay Review, Features

Wapi Pay mainly operates the payment gateway business between Africa and Asia. It relies on various partners to complete cross-border transfers between Africa and Asia (including person-to-person, business-to-business transfers, and bulk payments), charging a fee of 2.5-3%.

About Wapi Pay

• Wapi Pay is a fintech company that provides global payment solutions to large businesses. Wapi Pay hopes to build a global payment ecosystem, provide more efficient and faster payment solutions, and eventually scale up across Africa.
• Wapi Pay was founded in 2019 and has offices in Nairobi, Singapore and Tianjin (China). It is mainly aimed at cross-border remittance scenarios from Africa to Asia, and most of the current demand comes from cross-border procurement and overseas salary payments of large Chinese companies.
• Banks and mobile wallets are its main payment interfaces. When the company issues a remittance application, Wapi Pay can generate a QR code based on the payee information it provides. The payee can withdraw cash from the WeChat wallet or deposit it into his or her domestic bank card based on the QR code.
• Wapi Pay has obtained a license in Kenya, and its operations in Asia have borrowed the license of its partners and established its own capital pool. Reducing compliance costs through external cooperation and strengthening internal capital liquidity are the main advantages of Wapi Pay.