Seamlessly send and receive money, effortlessly pay your bills, shop anywhere with ease, and take full control of your finances - all in 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.
PalmPay Leads the Charge in Bringing Contactless Payments to Nigeria
PalmPay is launching tap-to-pay functionality in collaboration with CashAfrica to enhance digital payments in Nigeria. The pilot phase will begin with 1,000 POS terminals, with a nationwide rollout planned for March.
