PalmPay, a leading Nigerian financial technology company, was awarded Financial Institution of the Year, Best Use of Social Media, and Brand Manager of the Year for Kevin Olumese. PalmPay also won the award for Best Use of Social Media.
At the prestigious Nigerian Marketing Awards, which took place on Friday at the Eko Hotel and Suites on Victoria Island, the recipient of this honour was announced.
The Nigerian Marketing Awards honour outstanding achievements in marketing throughout the country of Nigeria. Its purpose is to recognise and honour exceptional individuals, companies, and brands in the Nigerian marketing business.
The Advertising Regulatory Council of Nigeria (ARCON), the Association of Advertising Agencies of Nigeria (AAAN), the National Institute of Marketing of Nigeria (NIMN), the Outdoor Advertising Association of Nigeria (OAAN), and the Experiential Marketers Association of Nigeria (EXMAN) have all given their support to the awards.
Read also: How PalmPay, MoniePoint meet Nigerians’ financial needs
What these awards mean to PalmPay
After the awards were given to the company, the Senior Marketing Manager for PalmPay, Kevin Olumese, stated that the awards are a testament to the many giant strides of the brand and evidence of the hardworking team at PalmPay, which includes employees, partners, agents, and merchants. Because it was a competition with fantastic companies like Nigerian Breweries and MTN’s MoMo, it is an honour to get these accolades.
‘Since launching in Nigeria in 2019, PalmPay has been committed to driving economic empowerment in Nigeria. Through its secure, user-friendly, and inclusive suite of financial services, PalmPay brings top-tier products into the pockets of everyday Nigerians. With this, we drive financial inclusion. The platform has grown to over 30 million app users and over 1.1 million businesses, with 600,000 merchants and 500,000 agents as part of its cashless payment ecosystem.’’ he remarked.
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About PalmPay
PalmPay is a mobile software that facilitates digital payments and makes it simple to pay for things and withdraw money. It has low rates, quick transactions, and multiple payment choices for your convenience. The majority of the time, you won’t be subject to any fees when you take money out of your PalmPay account. You will need to link your bank account to your PalmPay account in order to accomplish this. Sending money to any other account user or bank account in Nigeria is a quick and hassle-free process. The fintech possesses a valid license to conduct business as a mobile money operator from the CBN and is insured by the NDIC. They adhere to all of the applicable regulations when managing the funds belonging to our customers.
The number of people using the platform has increased to 25 million since it was introduced in Nigeria in 2019 under a Mobile Money Operator license. Its cashless payment ecosystem includes more than 300,000 businesses as participants. The company has successfully raised $140 million US.
PalmPay puts high-quality goods within reach of average Nigerians by providing a spectrum of financial services that are safe, simple, and comprehensive. Through its app and its network of 500,000 mobile money agents, the fintech enables users to save money, send money to friends and family, pay bills, and access credit services.