Seamlessly send and receive money, effortlessly pay your bills, shop anywhere with ease, and take full control of your finances - all in PalmPay
UBA eyes small business market with massive pos terminal launch
UBA launched 46,000 smart PoS terminals across Nigeria under the RedPay brand. The launch aims to reclaim market share from fintechs like Moniepoint, OPay, and PalmPay.
PalmPay named Africa’s fastest-growing fintech
PalmPay has been named Africa’s fastest-growing fintech by The Financial Times. The company posted a revenue of $63.9 million in 2023 and has over 1,000 employees.
Opera’s Stake in OPay Valued at $258M, Suggests $2.75B Valuation for African Fintech
Opera Limited's 9.4% stake in OPay is valued at $258.3 million as of December 31, 2024. OPay's overall valuation has reached approximately $2.75 billion.
PalmPay rolls out Verve debit cards as Nigerian fintechs shift to local providers
PalmPay launched its first debit card in partnership with Verve, marking a significant evolution in its services. The debit card launch follows a partnership with AfriGo to distribute five million contactless payment cards across Nigeria.
Nigeria records largest global drop in cash usage as digital payments surge
Nigeria recorded a 59% decline in cash transactions from 2014 to 2024, the steepest among seven major economies. Electronic transactions in Nigeria surged by 16-fold (1,514.2%) between 2018 and 2024.
