Our Solutions

Services

ABBA Wallet offers critical solutions to enhance Africa’s economic growth potential by enabling faster, safer, and hassle-free financial transactions through secured multiple channels.

The system allows holders of verified Abba Wallet accounts anywhere in Africa to securely make payments for goods and services and send or receive money in real-time. Each transaction can be up to an equivalent of USD $50,000.

Sending and receiving

With Abba Wallet, difficult things are made easier and complicated things are made simpler:

a) Send and receive money in real time (instantly), up to an equivalent of USD 50,000 (verified accounts) in a single transaction to or from anyone with an email or mobile phone number, anywhere in Africa.
b) Sender pays lower processing fees.
c) Receiver pays absolutely nothing.
d) Zero withdrawal fees to your Bank Account and more.

Crowdfunding

With Abba Wallet, you can group raise funds with your contacts or do family contribution money for your family’s events such as weddings, birthdays, funerals, school fees, church and more. It is easier, safer and more convenient.

Payment Solutions

As a payment platform, Abba Wallet seeks to make it possible for different vendors, businesses and business owners, e-commerce stores and service providers to receive payments online via cards payment processing, QR Code scanning and more.

Our Features

Features

Sending and Receiving Money

With ABBA Wallet, it’s faster, safer and secure to send and receive money in real-time up to an equivalent of USD $50,000 (with verified accounts) in a single transaction, to and from anyone with an email address or mobile phone number, anywhere in Africa at lower fees.

Group Mates

Group Mates is a special service feature of ABBA Wallet, which makes it easier for people in Africa to create Groups on ABBA Wallet in order to organize online fundraising events and receive contributions through their family members, social contacts and friends, all on the ABBA Wallet App.

By this service, ABBA Wallet Group Mates offer an easy solution for some peculiar financial needs including payment of funerals, birthdays, school fees, community projects, group vacations, payment of property rent, and many more.

To create a Group Mates page or contribute to one is for anyone with an ABBA Wallet account anywhere in Africa. Participation is not possible without having an ABBA Wallet account.

Currencies Swap

ABBA Wallet Swap makes life even more enjoyable for ABBA Wallet account holders who send and receive money through the ABBA Wallet App. Monies can be sent or received to and from anyone anywhere in Africa, in any local currency and be instantly converted into any currency of choice.

This special quick currency conversion feature gives a boost to cross-country trading, flexible management of fundraising events and this eliminates the old challenge and stress of physically getting stuck with different fiat currencies, which may not be easily convertible in other countries all over Africa.

Transaction Fees

Fees


Transaction fees on ABBA Wallet are set to serve the best interest of our users and customers all over Africa and to make every transaction, not only pocket friendly, but smooth and satisfying.

ABBA Wallet maintains a stable handling charge of 0.70 of the transacted currency and 3.9% only of the total amount involved for each single transaction of sending money to anyone in any location in Africa.

The recipient or beneficiary is not required to pay any separate fees to receive the money sent via ABBA Wallet. And no other fee is charged to withdraw money from ABBA Wallet to any bank account anywhere. However, the receiving banks, at their sole discretion, may charge their processing fees for these transactions, which are outside the control of ABBA Wallet.

Group Mates

For the Group Mates, ABBA Wallet maintains a handling fee of 1.50 of the transacted currency plus 3.9% transaction fee of the total amount raised per each event of every Group Mates.

ABBA Wallet

How It Works

What is ABBA Wallet?

ABBA Wallet is a peer-to-peer mobile payment service for the African continent that enables contactless in-app, online transactions on mobile devices. Users can pay with a variety of methods. Users have a variety of alternatives for authenticating, including PINs, Passcodes, QR Codes, and biometrics like fingerprint recognition. Public and Private donation is the remarkable feature of this app. Users can create Private or Public events to request contributions from their contacts or the users of the app respectively for any cause, and the audience can verify the same and may deposit any amount of money as contribution.

Why ABBA Wallet?

ABBA Wallet, as an online payment system, it enables individuals and businesses to send and receive money, safely, securely and in real-time, to and from anyone with a mobile phone number or an email, anywhere in Africa (where applicable). When linked with your bank account, debit, or credit card, ABBA Wallet can also be used to make e-commerce and point-of-sale (POS) purchases. It is accessed only via its mobile app and serves as the middleman to keep your bank data secure.

Who Uses ABBA Wallet?

ABBA Wallet can be used exclusively by anyone or any business, anywhere in Africa. There are currently over 1.2 billion consumers (which is expected to grow to over 1.4 billion by 2024) and over 700 million small businesses throughout Africa, and anyone of them can make use of ABBA Wallet to send or receive money up to an equivalent of USD $50,000 (with verified accounts) in a single transaction, from or to anyone anywhere in Africa or to make purchases anywhere they accept QR Code scanning. ABBA Wallet has been carefully designed to process over USD $50 billion in value transactions each day.

How Does ABBA Wallet Work?

Like PayPal, as detailed explained by tipalti.com, ABBA Wallet works as an intermediary between you and your bank.

Once you have downloaded the ABBA Wallet App and signed up for an ABBA Wallet Account (free of charge), you simply add your bank account or credit/debit card to the ABBA Wallet system and whenever you are sending money or making an online payment, you can select which account to debit. All transactions are processed through ABBA Wallet, instead of your bank.

Any monies received will sit in your ABBA Wallet account and can be used for your transaction needs such as sending money to your family members or friends, making electronic payment, or point of sale (with a QR code scanning or ABBA Debit Card, which is coming soon), or transfer to your bank account. Transfers can take a few days or minutes (free of charge but your bank may charge a fee). Your ABBA Wallet account balance can also be topped off with a bank account or assigned card.

Setting up an ABBA Wallet account is free but there are various charges for using ABBA Wallet services. It is a slightly different business model if you are an individual sending money to friends vs. a business facilitating payments.

ABBA Wallet can be used via a mobile app, programmatic interfaces, or integrations. It provides tools and services to support POS (point of sale), e-commerce, and subscription-based transactions. It safeguards users by offering seller protection, purchase resolution, and the best digital security in the industry.

To sum it up, ABBA Wallet:

– Enables online and in-person payments for goods and services

– Provides a way to send and receive money to or from anyone anywhere in Africa (where applicable)

– Ensures various levels of digital security and payment protection

– Charges a variable and/or fixed fee for services rendered

ABBA Wallet can also be used for paying for school fees, church offerings and tithes, crowdfunding for families, friends or communities, and can be set as a default payment method to be used online in place of a credit or debit card.

These and more make ABBA Wallet the preferred payment method and a platform for sending and receiving money all over Africa.

What are the Benefits of ABBA Wallet?

– Africa, a continent of multicurrencies, ABBA Wallet enables you to send and receive money, faster, safer and secure, in the currency of your choice, to or from anyone anywhere in Africa.

– Africa, a continent of many possibilities, ABBA Wallet enables you to receive money instantly, in real-time, from anyone with an email address or mobile phone number, anywhere in Africa, and you can withdraw the money, free of charge, to any bank account, whichever you choose. (Individual banks may charge fees independent of ABBA Wallet).

– Africa, a continent of multitaste, ABBA Wallet enables you to pay for anything, anytime, anywhere in Africa with the scanning of QR codes or USSD.

– In the world of fast-paced commerce, ABBA Wallet Mastercard Debit Card will enable you to have access to your cash instantly and pay for anything or use ATMs to withdraw your cash, anytime, from anywhere in the world.

– With ABBA Wallet, we put Africa’s world of commerce and banking solutions in your hands.

ABBA Markets

Markets

ABBA Markets is Africa’s fastest growing Business Intelligence System (BIS) offering a one stop shop in business activities in Africa.

Leveraging artificial intelligence (AI) and machine learning, ABBA Markets is advancing a trustworthy marketplace using a Centralised Autonomous System (CAS) of accreditation throughout Africa.

Through accreditation and file complaint mechanisms, customer satisfaction is enhanced, advancing trust and transparency in cross-border business transactions, intra-state trade, provision of services and general commercial activities.

Businesses of all sizes from all sectors are welcome to list for free their services and goods for sale on ABBA Markets and using the ABBA Escrow Payment Protection system, ABBA Markets guarantees protection of payments to the seller and delivery of goods and services for the buyer respectively.

ABBA Markets gives users the opportunity for them to grow and increase revenues from their businesses and the ABBA Money Back Guarantee gives them the peace of mind when buying and selling through the ABBA Markets platform.

Find out more about ABBA Markets at africabba.com.

ABBA Wallet

Debit Card

ABBA Wallet is striving to make it easier for you to have access to your money anytime, anywhere in Africa and beyond.

In doing so, ABBA Wallet is working to introduce The ABBA Debit Card Mastercard® which will enable ABBA Wallet Verified Users to have access to your ABBA Wallet balance wherever and anywhere that accepts Mastercard Debit Cards.

With ABBA Debit Card Mastercard®, you will also be able to use it at ATM machines that accept Mastercard®, Cirrus, PULSE, or MoneyPass worldwide.

ABBA Debit Card Mastercard® will also allow you, as a cardholder, to simply swipe (mag stripe), tap (NFC) or dip (EMV) your ABBA Wallet Debit Card anywhere that accepts Mastercard®.

ABBA Wallet Debit Card is coming in 2023.

Retail Locations

ABBA de Change

ABBA Payments Ltd is creating easier ways of making cash available to people all over Africa, faster and more convenient, no matter where they live in Africa.

To do this, and apart from the ABBA Wallet App, ABBA Payments plans to license and authorize a network of efficient independent agents and financial institutions to setup retail locations of ABBA de Change, in different cities, towns and villages throughout Africa in order to make cash remittance available faster to individuals and small businesses.

The convenience of ABBA de Change in localities together with the efficiency of ABBA Wallet App will help more people in Africa to have easy access to affordable and reliable financial services.

All ABBA de Change retail outlets will provide cash remittance to anyone who has received money through ABBA Wallet. The fee to be charged for receiving cash through any ABBA de Change outlets any where in Africa will always be the same pocket-friendly fixed fee, as authorized by ABBA Payments all across Africa.

If you are located anywhere in Africa and wish to become one of our ABBA de Change Independent Agents, please email us at agents@abbawallet.com.

ABBA Seeds

Microloans

ABBA Seeds is a premier microloan program of ABBA Payments specifically designed to provide loans up to an equivalence of USD $50,000 to help startups and small businesses across Africa with their start up and expansion expenses. Applicants of ABBA Seeds will need to be ABBA Wallet registered users and the recipients of ABBA Seeds will have a choice of repayment of the loans over 12, 24, 36 or 48 months.

ABBA Wallet

About Us

About

ABBA Payments Ltd is a premier financial technology company, developing and operating a multiregional and multicurrencies electronic payment system, ABBA Wallet, that serves the entire continent of Africa.

Technology

The technology brings financial solutions to Africa, enabling people, all over Africa, to send and receive money in real-time, make payments for goods, services and other financial transactions through multiple payment methods such as debit cards, credit cards, USSD codes, email and net banking, to be faster, safer and secure.

ABBA Wallet uses the latest encryption technologies to deliver the most secure, fast, friendly and most reliable transactions using the Company’s mobile applications.

Designed as the exclusive payment platform for ABBA Merchants, the Company equally seeks to establish itself as the primary payment processor of choice for e-commerce websites, mobile applications and other commercial users everywhere in Africa.

Transaction fees on ABBA Wallet are consciously and deliberately set lower and designed to remain friendly and most competitive, in order to best serve the interests of its teeming community of users.

Company

ABBA Wallet is a trading brand of ABBA Payments Ltd, a premier Fintech company which is registered under the laws of the British Virgin Island under BVI Company Number 2118928. Founded by Simon Kapenda in 2022, ABBA Payments Ltd is a subsidiary of Los Angeles, California USA based ABBA Platforms Inc.

Investors

Seed funding provided by Seetek Investment (Namibia), First Cascade Equity Partners (USA), SNR Capital (USA), Edgar Songanga (Angola), Ferdinand Ngendabanka (Burundi), Olivier Niyongabo (Rwanda), Julius T. Gbayange (Nigeria) and Samuel Lucas (Angola).

Development

Project development and management by Cascadia Business Consultancy, Namibia.

Management

Our Team

Our leadership team drives our vision and values, putting our customers’ evolving needs at the center of our existence and advancing trust, transparency and convenience as the hallmarks of our business.

Julius T. Gbayange
President
Eddie Banda
Eddie Banda
VP, Strategic Partnerships
Lavinia Salom
Lavinia Salom
VP, Chief Financial Officer
Pst. Andreas Mathias
VP, Human Resources
Rachel Kapenda
VP, Customer Service
Beniamino Contessotto
VP, Strategy, Growth & Ventures
Edison Manda
Edison Manda
VP, Compliance
Simon Kapenda
Founder & Chief Product Officer
Elikana Nangolo
Vice President
Steven Mponda
Director, Risk & Compliance Management
Kristina Heita
Kristina Heita
Advisor
Martha Kainge
VP, Membership & Debit Cards Program
Maria Julia Jafeta
Chief Risk Officer & Head of the Risk and Quantitative Analysis
Beata Nakanyala
VP, General Manager, Africa & Middle East
Ndawedwa KP Muandingi
Ndawedwa KP Muandingi
VP, Chief Operating Officer
Lawrence Foreman
Lawrence Foreman
VP, Anti Financial Crime & Fraud Risk Assessment
Justina Shihepo
Director, Remittance Processing & Systems Analyst
Edgar Songanga
Edgar Songanga
Chief Executive Officer
Eliazer Nghipangelwa
VP, Government & Corporate Affairs
Foibe Lukas
VP, Community Engagement
Rauna Massamba
VP, Investor Relations and Treasurer
Solomon Aiyedero
Solomon Aiyedero
Advisor
Immanuel Josef
Immanuel Josef
Director, Promotion
Revi N. Noni
Revi N. Noni
VP, Chief Information Officer
Friedrich Kambonde
Friedrich Kambonde
Director, Financial Controller
David Kinabiro
David Kinabiro
VP, East Africa
Ferdinand Ngendabanka
Ferdinand Ngendabanka
VP, North Africa
Titus T. Tion
Titus T. Tion
VP, West Africa
Mavis Moses
Mavis Moses
Director, Membership Verification & Validation (FIA)
Olivier Niyongabo
Olivier Niyongabo
VP, Central Africa
Unity Olivier
Unity Olivier
Vice President
Fenni-christine Ashikuti
Fenni-christine Ashikuti
Director, Groups
ABBA Wallet

Citizenship

Guided by the fundamental belief that every life has equal value and that every life has inalienable rights to education, we, at Abba, as part of our corporate social responsibility, focus on helping all people in Africa to have access to quality education and healthcare, enabling them to live healthy and productive lives.

Therefore, we shall prioritize the improvement of infrastructure in middle and secondary schools, as well as healthcare facilities, in the areas we serve.

We firmly believe that this approach is the fundamental core solution for the sustainable development of communities throughout Africa.

Download

ABBA Wallet App

Download ABBA Wallet (Android) on Google Play Store.

GET IN TOUCH



    OPERATIONS OFFICE

    ABBA Payments Ltd.
    172 Jan Jonker Road
    Ausspanplatz
    Windhoek
    Namibia
    +264-81-315-1423
    support@abbawallet.com
    ABBA Wallet is product of ABBA Payments Ltd., which is registered and incorporated under the Laws of the Business Companies Act, 2004, of the British Virgin Island ("BVI") under BVI Company Number 2118928.

    ABBA Payments Ltd is a wholly owned subsidiary of ABBA Platforms Inc. ("ABBA"), which is headquartered in Los Angeles, California USA with a Permanent Operations Office in Windhoek, Namibia and representative offices across Africa.

    ABBA Payments Ltd, through its Namibia registered and based wholly owned subsidiary, ABBA Payments (Namibia) (Pty) Ltd (Co.Reg.No. 2023/0770)., has applied for the relevant licenses with the appropriate money transmitting control authority of the Republic of Namibia. During this statutory transitional period, ABBA Payments Ltd is operating under an exemption from holding such a license and will continue to provide specific payment services.

    ABBA Payments Ltd is committed to preventing fraudulent emails. ABBA Payments Ltd will never email you or call you or sms you asking for your password. ABBA Payments Ltd will never email you asking you to log into your account for any reason. Emails from ABBA Payments Ltd will always contain your full name. Learn to identify SPAM and phishing emails.