PalmPay has been named one of the world’s top 300 fintech companies in a global ranking released by CNBC in partnership with Statista. This is the second time the company has earned the prestigious spot, reinforcing its position as a key player in financial innovation across emerging markets.
The list features some of the biggest names in the global fintech space, including Revolut, Klarna and Ant Group and celebrates companies making exceptional strides in areas such as payments, digital banking, lending, and insurance. PalmPay stood out among its peers for its scale, innovation, and deep reach across underserved regions.
With over 35 million registered users and 15 million daily transactions, PalmPay has rapidly become a household name in Nigeria. Its network of more than one million agents and merchants ensures that digital financial services are accessible even in the most remote communities.
Sofia Zab, PalmPay’s founding Chief Marketing Officer, shared her excitement, “It’s an honor to be recognized globally. This award reflects our commitment to making financial services inclusive and relevant for millions of people across Africa and beyond.”
PalmPay’s services go beyond payments. The platform now offers savings, credit, insurance, and merchant solutions, all powered by a robust technology ecosystem. Its recent expansion into Tanzania and Bangladesh through device financing initiatives is part of a broader mission to build a digital-first banking experience tailored for emerging markets.
Speaking on the achievement, Jiapei Yan, Group Chief Commercial Officer, noted, “We’re designing a neobank that reflects the needs and realities of developing economies. This recognition is proof that our model works and that we’re making real impact where it matters most.”
Earlier this year, PalmPay was also ranked number 2 overall and number 1 in financial services on the Financial Times list of Africa’s Fastest-Growing Companies, further highlighting its momentum.
With operations now in Nigeria, Ghana, Tanzania, and Bangladesh, PalmPay is poised to redefine access to finance in markets often overlooked by traditional banking institutions.
