Your financial well-being starts and may well end with a bank account. There are numerous reasons why people open bank accounts, and a lot more why they don’t. The inconvenience of rushing in and out of banking halls, joining long queues and paying high bank charges are just a few of the reasons why traditional banking is failing many consumers, especially in Africa. Fortunately, Wala is here.
Digital Banking Made Easy
Wala has provided the first financial platform designed for consumers. It has described its innovative technological banking solution as the first bank for Africans. And indeed if you consider the many ways Wala improves the lives of Africans, you would appreciate the usefulness of the product in its quest to better lives on the continent. While most of us pay fee after fee for banking and mobile wallets, Wala has finally created a digital system that is completely FREE for us to use. And with the growing adoption and use of smartphones and other mobile computing devices in Africa, the time and product is just right.
In addition to saving you the hustle of locating a banking hall and avoiding long queues, the Wala digital account provides interest on money in your savings account. The more you save the more you will earn! The mobile app allows you to chat with Wala or call one of our 24 hour call centers, giving a better alternative to the often poor customer service encountered with traditional banking. Wala is also available at all times through Facebook, messaging apps, and phone to make your life easier!
The Wala Personal Finance App
The Wala Personal Finance app will help you reach financial goals, track your spending and income, and learn more about financial well-being. The most essential part of this app to any individual is its progress tracking functionality. Many people don’t set budgets and many cannot account for how their money is spent. Wala helps you track your spending and make valuable tailored recommendations to guide users on where you can cut back and start saving more. To start, it’s best you begin with the Wala Personal Finance App. Click here to sign up and save more.
Who is Behind
One of the reasons why many Africans have high inertia or resistance towards digital products that involve movement of funds is ‘trust’ or lack of it. Often, we do not know the people behind these digital products or online fronts, and hence we are apprehensive towards their adoption and use. Team Wala is in Cape Town, South Africa and ready to meet you. Cape Town is just the beginning for Wala. The team intends to set up offices in every country they expand to, so they can serve customers better. Here’s what Tricia Martinez, CEO of Wala, has to say about the digital banking product.