Casava Microinsurance Limited (Casava), Nigeria’s first digital microinsurer, and Kuda Microfinance Bank have introduced “Merchant and Device Protection”, the first insurance product built specifically for POS merchants across Nigeria.
As of today, the product is live and already providing protection to Kuda merchants. For as low as N20 a day, a merchant can now protect their device, their business and their livelihood. Until now, no insurance product in Nigeria has been designed around these realities.
Casava is Nigeria’s first fully licensed digital microinsurance company, regulated by the National Insurance Commission (NAICOM).
Kuda Microfinance Bank is a digital banking platform serving over 7 million customers in Nigeria, licensed by the Central Bank of Nigeria as a national microfinance bank. Kuda processed N29 trillion in transactions in 2025.
What Merchant and Device Protection covers…
