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Drew Durbin, whom Tech Times identified as Wave Mobile Money’s founder and CEO, set out to make digital payments more accessible in Africa. Wave describes its goal as “making Africa the first cashless continent”—a company mission, not a claim that cash has already been displaced across the continent.
Who is Drew Durbin?
In a profile published August 15, 2022, Joseph Henry of Tech Times described Drew Durbin as Wave’s founder and CEO. The article says Durbin previously founded Sendwave, a digital remittance company, and identifies Lincoln Quirk as Wave’s co-founder. It also recounts that Durbin and Quirk met as freshmen at Brown University and shared an interest in building simple products; those biographical details are the Tech Times article’s account.
Tech Times reported that WorldRemit acquired Sendwave in 2020 for $500 million. That figure is reported by the article and is not independently established by the company source discussed here.
What is Wave Mobile Money?
Wave is a mobile-money service. According to Wave’s careers page, the company launched its mobile app in Senegal in 2017 to support cash deposits and withdrawals, peer-to-peer payments, and business payments. Its stated focus is enabling people to use digital financial services through a mobile app.
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Wave’s careers page says the company has millions of users across nine countries. That is a company-reported figure; the page does not list every country, provide a market-by-market availability table, or establish which services are available to a particular person in each market.
What does “Africa’s first cashless continent” mean?
Wave’s careers page states, “We’re making Africa the first cashless continent.” The wording describes the company’s mission and ambition. It should not be read as evidence that Africa is already cashless, that cash has been displaced, or that Wave has achieved continent-wide access.
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The same page says Wave’s financial services have no account fees and are instantly available and accepted everywhere. These are broad claims in company mission copy, not a detailed fee schedule or a guarantee of universal availability or service speed in every country. The page does not provide the market-specific terms needed to assess a user’s costs or eligibility.
Independent reader supportYour contribution helps us test, update, and keep practical guides available for everyone.How did Wave work, according to the 2022 profile?
The Tech Times article describes QR codes for in-app and card transactions, with a phone number used for confirmation. It also contrasts this approach with USSD, a menu-based mobile service, as the author characterized mobile network operator services. These are descriptions in an August 2022 profile, not a current technical specification or a basis for ranking providers today.
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The article reported a 1% fee for sending funds and no fee for utility-bill payments. It also said MTN Money and Orange Money had implemented a flat 1% fee for transactions in Côte d’Ivoire and Senegal. Those figures and comparisons are historical claims attributed to the article; the reviewed sources do not establish whether they remain accurate. Anyone considering a transaction should check the applicable terms for their country and service directly.
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What the profile does—and does not—establish
- Established as company statements: Wave says it launched its app in Senegal in 2017, supports several types of payments and cash transactions, and has millions of users in nine countries.
- Mission, not outcome: “Africa’s first cashless continent” is Wave’s stated ambition, not a measured result.
- Dated product details: QR workflows and the specific fee figures come from the August 2022 Tech Times article, not a current pricing or service guide.
- Not specified on the cited company page: a complete country list, market-by-market eligibility, current transaction fees, compatible phone models, operating-system requirements, and minimum device specifications.
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
