In a statement on Tuesday, Sofia Zab, PalmPay’s Founding Chief Marketing Officer, described the recognition as a powerful endorsement of the company’s ongoing commitment to financial inclusion across emerging markets.
“To be recognised as one of the world’s top fintech companies by CNBC and Statista is a strong validation of our mission to build a more inclusive financial system,” Zab said.
“Through a customer-first mindset, we’ve built Nigeria’s leading neobank.”
PalmPay currently boasts over 35 million registered users, processing up to 15 million transactions daily. Operating as a full-service neobank in Nigeria—its primary market—the platform offers a range of services including money transfers, bill payments, credit, savings, and insurance, all accessible via its intuitive mobile app.
To support its digital ecosystem, PalmPay maintains a nationwide network of over one million agents and merchant partners, while also offering POS and API-driven solutions for businesses and enterprise clients.
Group Chief Commercial Officer Jiapei Yan highlighted the company’s broader vision to transform financial access in emerging markets.
“We are creating the infrastructure for a connected digital economy where people and businesses can thrive through reliable, inclusive financial tools,” he said.
“The CNBC and Statista ranking not only affirms our progress but also highlights the immense opportunity that exists in emerging economies.”
PalmPay’s strategic approach blends cutting-edge technology with deep local distribution—a formula that has powered its growth both in Nigeria and in new markets like Tanzania and Bangladesh, where the company is using smartphone device financing as an entry point into digital financial services.
Zab noted that PalmPay’s focus remains on closing financial access gaps while expanding its network of partners to enhance reach and impact.
Earlier this year, PalmPay was also ranked #2 overall and #1 in financial services on the Financial Times Africa’s Fastest-Growing Companies 2025 list, reflecting rapid revenue and market growth between 2020 and 2023.