PayPalm hits 10m users

PalmPay has reached ten million users in Nigeria.

The fintech is geared up to make digital payments more accessible.

PayPalm has doubled its user base within just six months, three years after it was founded. It offers users instant financial account creation, fee-free bank transfers and cashback rewards on airtime and bill payments. It has a Mobile Money Operator license from the Central Bank of Nigeria.

Mr Chika Nwosu, Managing Director, PalmPay Nigeria, told the media: “We are delighted to be able to celebrate this growth milestone and are proud of PalmPay’s track record of making cutting-edge financial services accessible to every Nigerian – including the unbanked.

“The pandemic has accelerated the shift from cash to digital payments and we are looking forward to continuing to work together with regulators and our partners to innovate to meet the financial needs of consumers.”