Context

Migrants send money home regularly, but shocks often disrupts 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

  1.  300,000 +​ migrants have benefitted from insurance so far
  2.  109% increase in new customers for Onafriq
  3.  38.3% reduction in time between remittance transactions for Onafriq