PalmPay, a financial technology company, has introduced its new PalmPay Debit Card in collaboration with Verve, which is Africa’s leading domestic card system.
This collaboration underscores PalmPay and Verve’s joint dedication to promoting financial inclusivity through increased accessibility and enhanced benefits within the digital payment sector.
PalmPay, boasting more than 35 million users along with an extensive network of 1.1 million agents and merchants throughout Nigeria, aims to develop one of Africa’s most vibrant fintech environments.
The PalmPay Debit Card works in conjunction with the PalmPay wallet, merging the ease of use from a conventional banking card with the agility and adaptability of a digital service, along with entry into PalmPay’s distinctive financial environment.
It includes features like No maintenance fees; Simple in-app application with national shipping; Special cashback and merchant incentives; Complete wallet compatibility, allowing use of high-interest savings (up to 16% APY, distributed daily), amongst other benefits.
PalmPay is committed to leveraging technology to expand financial inclusion,” stated Chika Nwosu, the Managing Director of PalmPay Nigeria. She further noted, “This partnership allows us to provide safe, broadly embraced payment cards that are seamlessly integrated into the comprehensive capabilities of PalmPay’s platform. By working together, we aim to redefine how people in Nigeria engage with digital finances.
Vincent Ogbunude, the Managing Director of Verve International, stated: “We are delighted to collaborate with PalmPay for this significant achievement. This partnership with PalmPay aligns with our common objective of promoting financial inclusivity and providing payment solutions that cater to the requirements of African consumers.”
Provided by Syndigate Media Inc. (
Syndigate.info
).
