Is Wallet Africa Really Scam and Fraudulent? Lets find that out!

Wallets Africa is duly registered as a third-party agent with Visa International. The Wallets Africa prepaid card is issued by the United Bank of Nigeria (UBA) and Global Technology Partners via a tripartite agreement. Also, the account numbers are issued through a collaboration between Fidelity Bank Plc and Woven Finance Limited. Looking at this, you can easily say the app is legit, but they have been complaints about the app lately.

There have been complaints of transactions hanging in for three months, customer care not responding to complaints, and deposit funds not reflecting. So obviously, you cannot rely on such an app.

So its legitimacy is questionable. However, it cannot be outrightly called a scam app. Here is a link to the Google Play wall to read some of the complaints about the app. If you must invest in Wallet Africa, do with caution.

Wallet Africa Account Opening

To open a personal account with Wallets Africa, you must be up to 16 years old.

All you need to create an account is a valid phone number and email address.

Go to the Wallets Africa website via your browser to download the app. Also, you can download the app on Android and iOS.

Your business must be legally registered in Nigeria to be able to open a business account. Also, you must have an RC number and a business name duly registered with the Corporate Affairs Commission.

Wallet Africa Fees

Signing up and depositing money via bank transfer into the app is entirely free. If you want to deposit money via your card, Wallet Africa will charge you 1% of the total amount you are depositing. However, the fee will never go beyond N2000 and its equivalent in Kenya and Ghana.

If you fund your account via Bitcoin, you will be charged 5% of the total amount you deposited. Also, transferring money to a local bank account number attracts a fee of N25.

To get Wallets Africa’s Visa dollar card attracts a one-time charge of $5. Also, the minimum amount to fund your dollar card is $10. Furthermore, every dollar card transaction carried out with a merchant outside the US will attract a fee of $1.

Wallet Africa Contact Lines

• Twitter: www.twitter.com/walletsafrica
• Facebook: www.facebook.com/walletsafrica
• Instagram: www.instagram.com/thewalletsafrica

Is Wallet Africa a Legit Fintech Company?

While our honest review of Wallet Africa isn’t intended to promote the payment processing service whatsoever, we must be frank enough to admit that there are hordes of negative user reviews about Wallet Africa.

On Twitter, several people have condemned the fintech company, especially with one of them claiming that Wallet Africa is “one of the greatest scammers in Fintech.”

Another Twitter user claimed that they made a USD deposit with their (Wallet Africa) virtual dollar card and “the money disappeared almost immediately.” This user added that the money was yet to be reversed despite having sent a DM and email to Wallet Africa.

While the two user reviews above represent few of the negative online statements we found about Wallet Africa, our verdict is that Wallet Africa doesn’t seem like one of the trusted players in Africa’s fintech sector. If you’re insistent on signing up for Wallet Africa in spite of this red flag, we advise that you do your own research about the payment processor.

Despite the fact that they’ve been having issues lately, the platform is still Functioning and withdrawal can be made easily by requesting an audience with support. Once this is done, you should be able to make easy withdrawal. In my case, after series of trial, I had to chat with support and thereafter, it was a successful.

Conclusion

Carefully read about the app, including the recent complaints before investing in it. Wallet Africa cannot be out rightly called a scam, but it is risky to invest in it due to its suspicious nature. So take your time and properly read through it before deciding to invest or not.