WapiMED developed a Healthcare Payment Platform (MEDpay) that helps diasporas to support their beloved ones in Africa.
Democratic Republic of the Congo, Kinshasa - Gombe
Problem & Solution
Accessing quality cares in Africa is a challenge for the majority of Africans. Due to the lack of public financing, healthcare is expensive and exclusively funded by out-of-pocket money. Also care providers only rely on that out-of-pocket money to run their facilities.
In such a context, many people in the Sub-Saharan African region need the support of friends and family members across the globe to help them pay for medical treatments, services and access quality cares.
Unfortunately there is little accountability or traceability on the money usage, when using the services offered by the main global money transfer companies. Additionaly, common remittance fees are usually very expensive.
With MEDpay, our 100% healthcare payment platform, we are tackling those challenges by providing a solution that helps the money sender to have full transparency on the money usage, the care provider to have pre paid money and the beneficiary to access quality cares in a swift and smooth way...
Questions from Xavier P.:
Do you have a plan in case major money transfer players will enter the health remittances?
Thank you very much for this question!
Indeed, matter of fact, we already know that the big players like Moneygram, Western Union, Ria, and others are very interested in healthcare remittances ... «Utility or on purpose payments» are the next big step in remittances ...
Our strategy is to get to a point where our traction is good enough with our service (number of transactions) to connect with some of these big players and set up collaborations / partnerships.
In fact on the long run, we see them as partners where we could leverage their extended network of Points of Sale in many western countries while we will be offering an «off-the-shelf» solution that has already gained some maturity and would only require further scaling up.
A very good example or Business Case is Afrimarket, a french startup that helps West African Diasporas to buy food and other items for their beloved ones instead of sending money.
As you will see in the youtube reportage (see link below), they are eventually working with a money transfer player that offer the Afrimarket Service/Alternative to their regular clients in their own agencies (https://youtu.be/vjp8s1OrVJA).
We believe this is the way to go...