Lagos-based FinTech PalmPay has doubled its user base in the last six months to reach 10 million users in Nigeria. Since its 2019 launch, PalmPay has been growing its user base in Nigeria and Tanzania, where it provides a payment app and agency banking network to...
In an effort to expand access to financial institutions (FIs), the Central Bank of Nigeria is planning to license more payment providers, Bloomberg reported on Saturday (Nov. 30). The goal is to improve Nigeria’s financial inclusion rate by 20 percent, bringing it to 80 percent...
The potential to bring electronic payments to the continent of Africa, home to 1.2 billion unbanked and underbanked individuals, has been enough to lure FinTech investment from investors across the globe, to the tune of hundreds of millions of dollars this year alone. OPay To...
After a $40 million Seed funding round, payment startup PalmPay has officially launched in Nigeria. The funding round was led by Chinese company Transsion’s subsidiary, TECNO, with participation from China’s NetEase and wireless communications hardware firm MediaTek. As part of the deal, PalmPay has now...
August 30, 2022
Lagos-based FinTech PalmPay has doubled its user base in the last six months to reach 10 million users in Nigeria. Since its 2019 launch, PalmPay has been growing its user base in Nigeria and Tanzania, where it provides a payment app and agency banking network to facilitate payments and transfers, according to a Friday (Aug. 30) […]
December 01, 2019
In an effort to expand access to financial institutions (FIs), the Central Bank of Nigeria is planning to license more payment providers, Bloomberg reported on Saturday (Nov. 30). The goal...
November 14, 2019
After a $40 million Seed funding round, payment startup PalmPay has officially launched in Nigeria. The funding round was led by Chinese company Transsion’s subsidiary, TECNO, with participation from China’s...
