Overview
Wakandi is a payment provider from Kenya listed among the Central Bank of Kenya's authorised PSPs. The regulator permits the company to process payments for SACCOs and informal financial groups.
Who it serves SACCOs (savings and credit cooperatives) are widespread in Kenya. Members contribute, save and borrow within the cooperative, so they need dependable infrastructure for regular payments.
Informal financial groups pool money without banking status, for example mutual savings groups. They need transparent records of each member's contributions and payouts.
Moving these flows from cash and manual spreadsheets to digital payments reduces errors and builds trust within the group.
Licence - legal entity: Wakandi Kenya Limited, Kenya; - authorised services: payment processing for SACCOs and informal financial groups; - first licence: 25 November 2022.
What to clarify Commercial payment methods, pricing and countries served are not published. Cooperatives and groups should state their member count and contribution frequency when applying, as the offer depends on it.
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