In a groundbreaking move aimed at expanding financial access and convenience, PalmPay, one of Africa’s fastest-growing fintech platforms, has officially launched the PalmPay Debit Card in partnership with Verve, Africa’s largest domestic card scheme. This strategic collaboration underscores both companies’ commitment to deepening financial inclusion and enhancing the digital payment ecosystem across the continent.
Revolutionizing Digital Banking
With an impressive user base exceeding 35 million and a vast network of 1.1 million agents and merchants across Nigeria, PalmPay continues to solidify its position as a leading digital finance innovator. The launch of its debit card marks a significant milestone in its journey from a mobile wallet and agent network to a full-fledged financial services provider. Beyond just payments, PalmPay now offers integrated solutions encompassing savings, credit, insurance, and card access.
Key Features of the PalmPay Debit Card
Designed to merge the best of traditional banking with the agility of a digital platform, the PalmPay Debit Card brings numerous benefits to users:
- Zero Maintenance Fees – Enjoy financial flexibility with no hidden costs.
- Easy Application & Delivery – Seamless in-app request process with nationwide delivery.
- Exclusive Rewards – Unlock cashback benefits and merchant discounts.
- Full Wallet Integration – Link directly to PalmPay’s financial ecosystem, including high-yield savings of up to 16% APR, paid daily.
- Broad Acceptance – Usable at major payment terminals across Nigeria, supporting both debit and contactless transactions.
By offering a seamless link between digital and physical financial transactions, the PalmPay Debit Card aims to enhance everyday banking experiences, making them more convenient, secure, and rewarding.
Introducing PalmPay Premium: Exclusive Benefits for High-Volume Users
For users seeking a more personalized financial experience, PalmPay is also rolling out PalmPay Premium, a tailored solution designed for high-earning individuals and frequent transactors.
Exclusive benefits include:
- PalmPay Premium Card – A distinctive card for enhanced financial transactions.
- Priority Customer Support – Dedicated assistance for premium users.
- Higher Cashback & Savings Rates – Increased financial rewards.
- Advanced Financial Tools – Access to specialized features for smarter money management.
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| L-R: Chibuzor Melah, Head of Partnership, PalmPay Limited;; Uche Uzoebo, Managing Director/Chief Executive Officer (MD/CEO) of Shared Agent Network Expansion Facilities Limited (SANEF); Chika Nwosu, Managing Director, PalmPay Limited; Paul Ohakim, Vice President, Issuing and Acquiring, Africa, Interswitch; Sofia Zab, Chief Marketing Officer, PalmPay; and Chidi Oluaoha, Head of Marketing, Interswitch at the official unveiling of PalmPay’s Debit card and Premium Card in Lagos. |
This premium offering reinforces PalmPay’s mission to provide robust financial solutions for all, catering to both first-time users and professionals seeking greater control over their finances.
PalmPay & Verve: A Partnership Built on Innovation
The successful launch of the PalmPay Debit Card is a result of a strategic alliance between PalmPay and Verve, highlighting their shared goal of fostering inclusive, locally relevant digital banking solutions.
Chika Nwosu, Managing Director of PalmPay Nigeria, emphasized the significance of this partnership: “PalmPay is dedicated to using technology to broaden financial access. This collaboration enables us to offer secure, widely accepted payment cards integrated with the full power of PalmPay’s ecosystem. Together, we’re reshaping how Nigerians experience digital finance.”
Echoing this sentiment, Vincent Ogbunude, Managing Director of Verve International, stated: “We are proud to partner with PalmPay on this important milestone. Our alliance with PalmPay reflects our shared mission of accelerating financial inclusion and delivering payment innovation that meets the needs of African consumers.”
Shaping the Future of Finance in Africa
From zero-fee transfers and high-yield savings to instant credit, insurance, and now debit cards, PalmPay is revolutionizing digital banking. Its commitment to delivering an intuitive, comprehensive, and accessible financial ecosystem is paving the way for a more inclusive financial future in Africa.
As one of the leading digital banking platforms in emerging markets, PalmPay empowers users by providing the necessary tools to send, spend, save, and grow their wealth. Through its intuitive app and mobile money agent network, PalmPay ensures that financial services are accessible to all, reinforcing its vision of making finance work better for everyone.
The launch of the PalmPay Debit Card marks the beginning of a new chapter in digital finance—one where banking is not only more accessible but also more rewarding for millions of users across Nigeria and beyond.