Leaf Global Fintech introduces free digital wallet

By IGIHE
On 5 February 2021 at 11:24

Leaf Global Fintech has launched “Leaf Wallet”, an application that enables people to store, protect, send, and receive money digitally. The wallet is available for both smartphone and basic phone users. Leaf is currently available in Rwanda, Uganda, and Kenya, but the company is quickly expanding access around the world.

Leaf works with licensed financial providers across the continent (including integrations with mobile money and a commercial bank), offering a secure and innovative digital wallet to users.

Leaf is an established company with RDB and works through licensed partner institutions in all countries where it is live. The Leaf team resides in Kigali, Gisenyi, Kibuye, Nairobi, and the United States.

With Leaf Wallet, individuals can send money to friends at home and across borders, store safely without banking fees, and send money from their Leaf Wallet to any Mobile Money number or vice versa. Cashing in to the wallet and Leaf-to-Leaf transfers are free; withdrawing from your Leaf wallet or sending to a mobile money number outside of Leaf costs just 1% (even in other countries).

Users can also hold multiple currencies in their wallet at once and save money with better exchange rates when sending money in different currencies.

Co-founder and Chief Technology Officer of Leaf Global Fintech, Tori Samples, has said that the idea to launch the Leaf Wallet was inspired by persistent challenges experienced by cross border traders and refugees on the African continent when trying to access financial services.

Because of exclusive financial services, refugees and cross border traders are often left carrying cash, which is inexpensive and dangerous. Safe storage on Leaf’s digital wallet that crosses borders reduces both the risk of theft and predatory exchange rates, while also creating an economic identity for users. Users can go cashless, whether they are crossing borders or staying at home during COVID-19.

Additionally, Leaf is trying to solve the expensive remittance, transfer, and exchange rates across the continent. East Africa, in particular, has some of the highest fees for international transfers. Leaf is trying to solve this.

“This is what Leaf wants to address," Co-Founder and CEO, Nat Robinson, said.

"Everyone can use Leaf Wallet and tap into the cross border digital financial services we offer, at home or across borders. Users can easily store money, or send and receive with other Leaf users, at no cost. You can easily send money in one currency and have friends and family receive money in another currency—instantly—with better exchange rates. We know that everyone is struggling during COVID-19. With Leaf, users can continue to pay and send money digitally even while they are staying safe at home."

Leaf Wallet can be downloaded from the Google Play store or the App Store. After registering for an account from the smartphone app, Leaf can be used on the app or on USSD (*801*53# in Rwanda, *284*53# in Uganda, *483*153# in Kenya). Users can register other people on their smartphone app, even friends and families that don’t have smartphones themselves. Once a user is registered, users can access their Leaf account with a basic phone.

A new client is only required to present identification (national ID, refugee ID, passport, voter card) and a selfie holding their ID to register for a Leaf Wallet account. This helps keep the system protected against fraud and bad actors.

Tori Samples explained that Leaf wallet is secure and that clients can keep money on their account for as long as they want. Even if they lose their phone, they can continue to access their Leaf wallet safely.

In the next few months, Leaf plans to expand to the Democratic Republic of Congo (DRC), Tanzania and the United Kingdom, before expanding to other African countries.

About Leaf:

Google Play: https://play.google.com/store/apps/details?id=com.leafglobalfintech.leaf_app&hl=en&gl=US
App Store: https://apps.apple.com/us/app/leaf-wallet/id1535607145
Website: https://leafglobalfintech.com/wallet-2-0/
Social Media: @LeafGlobalTech
Customer care: +250786816336

Leaf Global Fintech has launched “Leaf Wallet”, an application that enables people to store, protect, send, and receive money digitally.

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