Onafriq · Rwanda

Cover that travels with the money

Driving significant uplift in remittance transactions

+109%

Context

Migrants send money home regularly, but shocks often disrupt this. Onafriq, a digital payment gateway providing remittance services, wanted to improve resilience of remittance senders.

Objective

Improve resilience of remittance senders. Strengthen Onafriq’s core business by increasing remittance transaction values and volumes.

The Solution

A hospital cash insurance product was embedded into remittance transactions, free of charge to loyal customers

The Results

300,000+
Migrants benefitting from insurance: 109%
Increase in new customers: 38.3%
Reduction in time between remittance transactions

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