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Nigeria’s CoralPay in talks with telcos to extend mobile phone insurance payments

By David Whitehouse
Posted on Wednesday, 24 March 2021 18:43

Smartphone banking in Abuja, Nigeria September 21, 2020. REUTERS/Afolabi Sotunde

Nigerian payments service provider CoralPay is in discussions with telecoms companies to extend access to health insurance by mobile phone, CEO Chioma Nkechika tells The Africa Report.

Talks are in progress with MTN, 9Telecom and Globalcom, one of which has agreed the plan in principle, Nkechika says. The scheme to allow mobile payment for health insurance supplied by AXA Mansard is already operating in partnership with Airtel.

CoralPay’s plan aims to allow rural Nigerians to access services in local health centres by making insurance payments by phone, using a digital wallet and with no need for a bank account.  They can also pay in cash at a banking agent without even a digital wallet by using their phone number to identify the payment, Nkechika says.