WAIV International Pty Ltd (“WAIV”), trading as WAIV is a global, online instant payment system for high volume, low value transactions using a VISA debit card linked to loyalty benefits.
We provide affordable banking for everyone, anywhere, who have access to a mobile phone/device, allowing them to connect to our low-cost, secure online banking platform. There are no pre-qualifying or credit checks for applicants, which is normally a pre-requisite of the traditional global banking sector.
Cash-back loyalty rewards are given every time a customer uses their WAIV VISA debit card at more than 30 million locations worldwide.
The WAIV business model is based on four key elements:
1. AFFORDABLE BANKING for everyone, everywhere: a low-cost online banking alternative that requires NO pre-qualifying OR credit checks for applicants.
2. EXPERIENCE: ‘state of the art’ online payment system, offering cardholders superior viewer experience & functionality on any mobile device 24/7 globally.
3. GLOBAL REMITTANCE: the fastest & cheapest alternative for sending money anywhere globally.
4. CUSTOMER ACQUISITION: a cost effective & highly scalable customer acquisition strategy through partnership arrangements with clients/sponsors and agents worldwide.
WAIV is partnering with Medsis and an arm of the Colombian Government, La Unidad Para Las Victimas (Victims Unit), to provide a platform for the distribution of reparations to victims of the Colombian civil war. The program is expected to…