• Latest
  • Trending
PalmPay unveils new financial products for financial inclusion in Nigeria

PalmPay unveils new financial products for financial inclusion in Nigeria

March 12, 2024
South African investment giant raises caution on Bitcoin ETF risks

South African investment giant raises caution on Bitcoin ETF risks

September 26, 2025
OpenAI’s ChatGPT Pulse now available for Pro users

OpenAI’s ChatGPT Pulse now available for Pro users

September 26, 2025
MSport 2025

MSport 2025: Nigeria’s #1 Sports Betting Site, Powered by Chelsea & BVB

September 25, 2025
MNT-Halan introduces Egypt’s first secure lending solution via Halan App

MNT-Halan introduces Egypt’s first secure lending solution via Halan App

September 25, 2025
Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

September 25, 2025
Airtel Africa invests in education with 100 scholarships and new tech hubs

Airtel Africa invests in education with 100 scholarships and new tech hubs

September 25, 2025
SINOTRUK enters Libya with Aseel Auto as exclusive distributor in Benghazi

SINOTRUK enters Libya with Aseel Auto as exclusive distributor in Benghazi

September 25, 2025
Tango Brook launches digital card for fuel management

Tango Brook launches digital card for fuel management

September 25, 2025
AI in Nigeria announces 3rd edition of InnovationAI

AI in Nigeria announces 3rd edition of InnovationAI

September 25, 2025
Interswitch Unveils Quickteller Travel to Transform African Travel Experience

Interswitch Unveils Quickteller Travel to Transform African Travel Experience

September 25, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Business Fintech

PalmPay unveils new financial products for financial inclusion in Nigeria

Ibukunoluwa Bankole by Ibukunoluwa Bankole
March 12, 2024
149 3
0
PalmPay unveils new financial products for financial inclusion in Nigeria
471
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

In a bid to further promote financial inclusion across Nigerian communities, PalmPay, an Africa-focused fintech platform, has introduced two innovative financial products – Unlimited Free Transfer and Target Savings – for users of its app.

Under this initiative, users of the PalmPay app can enjoy unlimited free transfers to all banks in Nigeria for an initial phase of three months. This move is aimed at providing accessible and affordable financial services to users, allowing them to perform transactions without worrying about bank charges. Chika Nwosu, Managing Director of PalmPay Nigeria, expressed excitement about the introduction of unlimited free transfers, emphasizing the company’s commitment to inclusive financial services.

Read also: PalmPay raises awareness about payment safety

“We believe that everyone should have access to affordable financial services, and this update is a significant step towards that goal,” Mr Nwosu stated. By eliminating transfer fees to all banks and fintech platforms on its app, PalmPay aims to empower its millions of customers to conduct seamless fund transfers, pay bills conveniently, and manage their finances more efficiently.

In addition to unlimited free transfers, PalmPay has introduced the Target Savings feature, allowing users to create customized savings goals based on their preferred savings amount, duration, and frequency. The system automatically saves on behalf of the user according to the set parameters. Upon reaching their savings goals, users earn an attractive interest rate of 12% Per Annum (P.A) on their disciplined savings.

RelatedPosts

Globacom, PalmPay partner to reward users with iPhone 15 Pro in ‘Recharge and Win Bonanza’

PalmPay targets South Africa, Côte d’Ivoire in regional expansion after strong Q1 performance

Palmpay introduces Verve debit cards to enhance mobile wallet offerings

Driving Economic Empowerment

PalmPay, a leading Africa-focused fintech platform, is dedicated to driving economic empowerment in Africa by offering top-tier financial services such as money transfers, bill payments, credit services, and savings on its app and mobile money agents. With a transaction success rate of 99.9%, PalmPay users can seamlessly send and receive money, pay bills effortlessly, and enjoy discounts and cashback on transactions.

PalmPay, Glo Unveil “PalmPay Bonanza – Recharge Glo and Win” campaign

PalmPay operates not only in Nigeria but also in Ghana and Tanzania, with plans to expand its multi-country and cross-border presence. In Ghana, the platform operates with an enhanced payment service provider (EPSP) license, offering merchant-acquiring solutions, while in Tanzania, it serves as a payment system provider.

Through its secure, user-friendly, and inclusive suite of financial services, PalmPay aims to bring top-tier products into the pockets of everyday Nigerians, driving financial inclusion and economic empowerment. With over 30 million app users and a commitment to providing accessible and affordable financial services, PalmPay continues to play a pivotal role in shaping the financial landscape of Africa.

Tags: financialPalmpay
Ibukunoluwa Bankole

Ibukunoluwa Bankole

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.