PalmPay is accelerating Nigeria’s transition to a cashless economy by championing the adoption of contactless-enabled payment terminals, reinforcing its commitment to innovation, inclusion, and secure digital finance.
The announcement came during the BusinessDay Future of Payment Conference themed “Fintech Evolution: Gateway to Payments,” where fintech leaders gathered to explore the future of digital transactions in Nigeria. In his welcome speech, BusinessDay Publisher, Frank Aigbogun, emphasized that the next wave of fintech innovation must focus on building systems grounded in trust, accessibility, and inclusion—beyond just speed and convenience.
Representing PalmPay in a panel session titled “The Next Wave of Digital Payments: Trends and Innovation,” Ifeanyi Uzoka, Senior Business Development Manager, highlighted the company’s proactive role in driving payment innovation. While acknowledging the supportive regulatory environment, Uzoka noted that high cash dependence remains a major hurdle to full contactless adoption.
“To tackle this, PalmPay has introduced contactless-enabled debit and premium cards that combine convenience with robust security,” Uzoka said. “Each transaction includes an extra authentication step to build user trust and ensure safe digital experiences.”
PalmPay’s latest innovation comes on the heels of a successful partnership with Verve and a user base now exceeding 35 million. The rollout of its contactless cards reflects the company’s deepening investment in modernizing payments while ensuring no one is left behind in the digital shift.
By aligning with global payment standards and responding to local realities, PalmPay continues to shape the future of finance in Nigeria—one tap at a time.
