At the recent BusinessDay Future of Payment Conference, PalmPay, a leading digital banking platform, reaffirmed its commitment to shaping the future of payments in Nigeria by pushing for the widespread adoption of contactless payment terminals.
Themed “Fintech Evolution: Gateway to Payments,” the conference highlighted the critical role fintech innovation plays in transforming the payment landscape. During the event, Frank Aigbogun, Publisher of BusinessDay, emphasized that the future of fintech should focus on not just speed, safety, and simplicity but also trust, inclusion, and accessibility to ensure that the benefits of innovation reach all corners of society.
PalmPay’s Role in the Future of Digital Payments
Ifeanyi Uzoka, Senior Business Development Manager at PalmPay, took part in a panel discussion titled “The Next Wave of Digital Payments: Trends and Innovation.” He addressed the evolving payment landscape in Nigeria, noting that while regulatory frameworks have paved the way for contactless payments, cash dependency remains a significant hurdle to widespread adoption.
“At PalmPay, financial inclusion is at the heart of everything we do,” Uzoka shared. “We’ve launched contactless-enabled debit and premium cards to provide our users with secure and convenient payment options. Trust is critical to us, which is why all contactless transactions on our platform come with an extra layer of authentication for added security.”
PalmPay continues to lead innovation in Nigeria’s digital finance ecosystem, offering solutions that are secure, user-friendly, and future-ready. In partnership with Verve, the company has introduced its debit and premium cards, now serving over 35 million users across the country. This move aligns PalmPay with global payment trends and strengthens its dedication to building a digitally empowered and inclusive economy.
About PalmPay
PalmPay is a prominent Africa-focused fintech platform committed to economic empowerment across the continent. Through its secure, user-friendly services, PalmPay is making financial services accessible to everyday Nigerians, driving financial inclusion through its extensive range of offerings.
The platform provides services like money transfers, bill payments, credit services, and savings via its app and network of mobile money agents. Since launching in Nigeria in 2019 under a Mobile Money Operator license, PalmPay has grown to serve over 35 million app users and connect 1.2 million businesses through its agents and merchants, cementing its position as a leader in the Nigerian fintech space.
