PalmPay, one of Africa’s leading digital banking platforms, has unveiled a new in-app insurance feature through strategic partnerships with top-tier insurance providers, offering millions of Nigerians simplified, affordable access to essential insurance coverage. The initiative is aimed at tackling Nigeria’s low insurance penetration rate, which currently stands at only 8.9%. […]

PalmPay, a leading mobile banking and financial services platform, has unveiled a major corporate social responsibility (CSR) initiative titled “Passing the Baton”, aimed at empowering 5,000 women-owned businesses across Kano and Kaduna States. The initiative is part of PalmPay’s ongoing commitment to inclusive economic empowerment and represents a strategic push […]

As part of its continued drive to promote financial inclusion and grassroots empowerment, PalmPay, one of Nigeria’s leading mobile money platforms, has launched a major Corporate Social Responsibility (CSR) initiative titled “Passing the Baton.” The programme, rolled out across Kano and Kaduna, is set to benefit 5,000 women-owned microbusinesses, providing […]

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 […]

The Managing Director of PalmPay, Chika Nwosu, has highlighted smartphone penetration, improved internet connectivity, and technological innovation as pivotal factors for expanding mobile money access in Nigeria. Speaking during a media engagement at the company’s Lagos headquarters on Friday, January 2025, Nwosu noted that Nigeria’s smartphone penetration is projected to […]