The collaboration expands TerraPay’s international payment infrastructure to facilitate seamless remittances from multiple Money Transfer Operators (MTOs) in the US, Canada, and Europe into Mali. By connecting Wave’s local mobile money ecosystem with TerraPay’s global reach, the integration provides instant access to remittance funds for millions of users in Mali. It also contributes to reducing reliance on informal channels and strengthens financial inclusion across the country.
With over 80% of Mali’s population using mobile phones, and many relying on mobile money and digital wallets, mobile platforms play a central role in advancing financial access. In a region where traditional banking remains out of reach for many, services like Wave Mobile Money are critical to delivering affordable and secure financial tools.
"We are excited to join forces with Orabank Mali and TerraPay to revolutionise payment solutions and enhance financial accessibility for our customers," said Karamokho Badiane, regional head of business development at Wave Mobile Money. "This strategic collaboration allows us to harness TerraPay's global payments infrastructure alongside Orabank Mali's deep expertise in remittance services, empowering us to expand our reach and provide even greater value to our users. Our shared commitment to financial inclusion will help break down barriers and offer more accessible solutions for individuals across the country. With TerraPay's cutting-edge technology ensuring safe and reliable money transfers, we are confident that this initiative will play a crucial role in fostering economic growth and financial empowerment."
Willie Kanyeki, vice-president – Sub Sahara Africa at TerraPay, added, "Our partnership with Wave Mobile Money marks a significant milestone in our mission to power borderless money movement. By enabling instant, cost-effective, and fully compliant remittances from key markets like the US, Canada, and Europe, we are simplifying financial access and driving financial inclusion in Mali."
Together, TerraPay and Wave Mobile Money are reshaping the remittance landscape, making it easier for Malians abroad to support their families, while advancing the role of mobile money in West Africa’s economic development.