Wafi.cash promises to provide online sellers with a simple API to enable fast, secure, and cost-effective processing of bank payments.

The platform is designed to eliminate redundant entities in the payment processing flow, reducing payment processing fees by over 50%, says Wafi, while helping users earn up to 0.75% cashback on purchases.

Wafi also helps reduce payment failures and cuts fraud thanks to its 2FA and propriety detection technology.

Says Umunze: "Wafi.cash opens businesses to new payment opportunities and allows them to take advantage of the shift in consumer behavior towards cash spending online and offline, while providing a fast, secure, and cost-effective solution."