Sendwave Review 2026
Zero-fee transfers with the best mobile money delivery in Africa.
4.5/5 · 8,000+ reviews on Trustpilot ↗Sendwave Rate Today — Live Comparison
How does Sendwave compare right now? The table below shows all providers for your selected corridor — sorted by estimated receive amount.
CAD →NGN
Amount: 100 CAD
Rates are latest checked, not guaranteed
Rates shown are the latest checked by CheckRate and may have changed since. Estimated receive amounts exclude taxes and any destination bank fees. Always confirm the final amount on the provider's platform before sending. CheckRate may earn a referral fee when you use provider links.
Sendwave Overview
Sendwave (now part of Wave) pioneered zero-fee transfers to African corridors. Its core strength is mobile money delivery — Sendwave supports M-Pesa in Kenya, MTN MoMo and Vodafone Cash in Ghana, and OPay and PalmPay in Nigeria. Transfers to mobile wallets typically arrive within seconds.
Sendwave's exchange rate is competitive but typically sits slightly behind Lemfi and Taptap Send on pure rate. For senders whose recipients use mobile wallets rather than traditional bank accounts, Sendwave is often the best or only option.
Founded
2014
HQ
San Francisco, USA
Typical speed
Seconds to minutes for mobile money; hours for bank deposit
Fee model
Zero transfer fee
Is Sendwave Safe? Regulation & Trust
Sendwave is regulated by the following financial authorities:
- FinCEN registered (USA)
- FCA-registered (UK)
Sendwave Pros and Cons
Pros
- Best mobile money delivery coverage — M-Pesa, MTN MoMo, Vodafone Cash, OPay, PalmPay
- Near-instant delivery to mobile wallets (seconds)
- Simple, clean app — ideal for first-time senders
- Zero fees across all covered corridors
- Reliable and established — operating since 2014
Cons
- Exchange rate margin slightly higher than Lemfi and Taptap Send
- Fewer sending currency options (no EUR on most corridors)
- Smaller corridor coverage than Lemfi or Taptap Send
Sendwave — Supported Corridors
Frequently Asked Questions about Sendwave
Can I send money to M-Pesa with Sendwave?
Yes. Sendwave supports M-Pesa delivery for Kenya directly. Funds typically arrive within seconds. This makes Sendwave the best option for senders whose recipients primarily use M-Pesa.
Does Sendwave support OPay and PalmPay in Nigeria?
Yes. Sendwave supports OPay and PalmPay as delivery options for Nigeria. Transfers arrive within seconds — faster than any bank deposit option.
Is Sendwave free?
Sendwave charges zero transfer fees. They earn revenue through a small exchange rate margin. On most corridors this margin is 1–2% above mid-market — slightly wider than Lemfi and Taptap Send, but the mobile money delivery speed often justifies the difference.
How does Sendwave compare to Lemfi for Ghana?
For Ghana, Sendwave uniquely supports Vodafone Cash delivery in addition to MTN MoMo — giving it an edge for recipients on the Vodafone network. On raw exchange rate, Lemfi typically offers more GHS per CAD or GBP. Compare both on CheckRate before sending.
Compare Sendwave Against Others
This review is produced by the CheckRate editorial team and updated regularly. Rates shown are fetched from Sendwave's platform and are for comparison purposes only — they are not guaranteed and may differ at the time of transfer. CheckRate may earn a referral commission if you click a provider link and complete a transfer. This does not affect rankings or editorial content. See our rate methodology for details.