Fintech That Works for Everyone
PalmPay, a mobile money platform launched in Nigeria in 2019, is quickly becoming one of the continent’s fastest growing fintechs. With its user-friendly app, cashback rewards, and agent network, PalmPay is reshaping digital finance for millions of Nigerians.
Explosive User Growth
By mid 2025, PalmPay has over 30 million requested users, up from just 5 million in 2021. Its daily transaction volumes surpass $200 million, and the platform is especially popular among youth and informal workers.
Rewarding the Everyday User
PalmPay’s app offers instant transfers, bill payments, airtime top-ups, and merchant payments. Cashback incentives and amplified savings tools help retain users and promote financial literacy.
Its widespread network of over 500,000 agents allows users to deposit and withdraw cash even in remote areas.
Strong Backing and Ambition
PalmPay is backed by Transsion Holdings (maker of Tecno, Infinix, and Itel phones) and Chinese investors including NetEase. Its integration into low-cost smartphones has made it widely accessible, even to first-time digital users.
Expanding Across Africa
The platform has expanded into Ghana and is eyeing markets into Francophone West Africa. With scale, simplicity, and trust, PalmPay is well on its way to becoming a dominant player in Africa’s mobile money race.
