Comparison

Faremit vs Wavepay

Price, ratings, monetisation and update history for both apps, side by side β€” with what reviewers say about each.

Head to head
About

Faremit

Features
Read full description

Faremit is a game changer in traditional remittance methods, offering ease.

About

Wavepay

Features
Read full description

WavePay – Your Secure & Seamless Digital Wallet WavePay is a fast, secure, and user-friendly digital wallet that allows you to send, receive, and manage your money with ease. Whether you need to pay bills, buy airtime, make transfers, or manage your finances, WavePay offers a seamless experienceβ€”powered by licensed financial institutions and secure payment partners. Key Features: Instant Transfers – Send and receive money securely within seconds. Airtime & Data Top-Ups – Buy airtime and mobile data for yourself or others. Bill Payments – Pay for electricity, water, internet, and TV subscriptions with ease. Virtual & Physical Cards – Access secure payment cards for online and in-store transactions. Merchant Payments – Pay businesses directly from your wallet via QR code or mobile number. Security First – Built with encryption, 2FA, and fraud detection for maximum security. 24/7 Support – Get help anytime from our dedicated customer support team. Why Choose WavePay? Fast & Reliable – Transactions are processed instantly. Regulatory Compliance – Backed by licensed financial partners for secure transactions. Seamless User Experience – Simple, intuitive, and easy to use. Wide Acceptance – Use WavePay at partner merchants, online stores, and more! Get Started Today! Download WavePay and sign up in minutes. Fund Your Wallet via bank transfer, mobile money, or crypto. Start Making Payments instantly and enjoy the convenience! Need Assistance? Email: support@wavepay.ng Website: https://wavepay.ng Follow Us on Social Media for Updates & Offers: Instagram: @wavepayofficial Twitter (X): @UseWavePay TikTok: @usewavepay Facebook: UseWavePay Disclaimer: WavePay is a technology service provider and does not operate as a bank. All financial services, including payments, transfers, and card issuance, are facilitated through licensed financial institutions in compliance with regulatory guidelines.

Screenshots

Faremit3 screens
Wavepay4 screens

Verdict

The call

Faremit and Wavepay are too close to call on the numbers: across 6 compared parameters β€” price, update cadence, ads and in-app purchases among them β€” neither pulls far enough ahead to decide it. What separates them is feature set and interface, not measurable difference.

Scored on Price Β· Rating Β· Positive reviews Β· Number of ratings Β· Update frequency Β· Ads Β· In-app purchases Β· Monetization Β· Best chart rank Β· Devices Β· Requires iOS

CostPrice Β· In-app purchases Β· Ads Β· Monetization

Both are free to download. Neither carries in-app purchases, so what you see is what you pay.

UpkeepUpdate frequency

Faremit ships an update every 5 weeks, Wavepay every 6 weeks. Both last shipped on November 8, 2026.

ScorecardNo meaningful differences
Faremit versus Wavepay: the parameters behind the verdict, then further details
ParameterFaremitWavepay
PriceFreeFree
Update frequencyEvery 5 weeks β€” betterEvery 6 weeks
AdsNoNo
In-app purchasesNoNo
DevicesiPhone, iPodiPhone, iPad, iPod β€” better
Requires iOS13.412.0 β€” better
Further details β€” not scored
Size29 MB42 MB
Age rating17+4+
DeveloperFaremit LTDWAVEPAY DIGITAL SOLUTIONS LIMITED

In-app purchases

None

Faremit

No in-app purchases

None

Wavepay

No in-app purchases

Questions

Is Faremit free?
Faremit is free to download, with no in-app purchases.
Is Wavepay free?
Wavepay is free to download, with no in-app purchases.
Do Faremit or Wavepay have ads?
Neither Faremit nor Wavepay shows ads.
Which is updated more often, Faremit or Wavepay?
Faremit ships an update every 5 weeks, and Wavepay every 6 weeks. Most recently, Faremit was updated on November 8, 2026 and Wavepay on November 8, 2026.

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