L-R: Chibuzor Melah, Head of Partnership, PalmPay; Uche Uzoebo, Managing Director/Chief Executive Officer (MD/CEO) of Shared Agent Network Expansion Facilities (SANEF); Chika Nwosu, Managing Director, PalmPay; Paul Ohakim, Vice President, Issuing and Acquiring, Africa, Interswitch; Sofia Zab, Chief Marketing Officer, PalmPay; and Chidi Oluaoha, Head of Marketing, Interswitch at the official unveiling of PalmPay’s Debit card and Premium Card in Lagos.
In a move to further its growth trajectory, PalmPay, a leading fintech platform across Africa, has launched its PalmPay Debit Card, facilitated through a partnership with Verve, an extensive African domestic card network. This collaboration signifies the aligned vision of PalmPay and Verve to drive financial inclusion by expanding accessibility and delivering increased value to the digital payments ecosystem.
With over 35 million users and a network of 1.1 million agents and merchants across Nigeria, PalmPay is building one of the continent’s most dynamic fintech ecosystems. The launch of its debit card represents a key milestone in PalmPay’s transformation from a mobile wallet and agent network into a comprehensive digital financial services provider – offering integrated solutions for payments, savings, credit, insurance, and now, card access.
The PalmPay Debit Card is seamlessly integrated with the PalmPay wallet, combining the convenience of a traditional bank card with the speed and flexibility of a digital platform, and access to PalmPay’s unique financial ecosystem.
Key Features include:
- Zero maintenance fees
- Easy in-app application and nationwide delivery
- Exclusive cash-back and merchant rewards
- Full wallet integration, including access to high-yield savings (up to 16% APR, paid daily)
- Seamless offline and online payments across the Verve network
The card is accepted at all major payment terminals within Nigeria, offering both debit and contactless options. With this launch, PalmPay aims to redefine the everyday banking experience – making it more accessible, reliable, and rewarding.
Alongside the standard debit card, PalmPay is also rolling out PalmPay Premium, a tailored offering for high-volume users. Benefits include:
- A dedicated PalmPay Premium Card
- Priority customer support
- Higher transaction cash-backs and savings interest rates
- Exclusive merchant rewards and advanced financial tools
This premium service offering serves to reinforce PalmPay’s commitment to empowering users at all stages of their financial journey, accommodating both individuals establishing their initial accounts and high-earning professionals requiring sophisticated financial tools. The PalmPay Debit Card, enabled by PalmPay’s strategic partnership with Verve, underscores the mutual commitment of both entities to providing inclusive and locally relevant digital banking solutions.
PalmPay is dedicated to using technology to broaden financial access, said Chika Nwosu, Managing Director of PalmPay Nigeria. This collaboration enables us to offer secure, widely accepted payment cards integrated with the full power of PalmPay’s ecosystem. Together, we’re reshaping how Nigerians experience digital finance.
Vincent Ogbunude, Managing Director of Verve International, added:
We are proud to partner with PalmPay on this important milestone. Our alliance with PalmPay reflects our shared mission of accelerating financial inclusion and delivering payment innovation that meets the needs of African consumers.
From zero-fee transfers and high-yield savings to instant credit, insurance, and now cards, PalmPay is building the financial infrastructure of the future – redefining digital banking to be more personalised, comprehensive and accessible to everyone.
PalmPay is a leading digital bank and fintech platform shaping the future of finance in emerging markets. With a user base of over 35 million and a network of 1.1 million merchants and agents in Africa, PalmPay provides individuals and businesses with the tools they need to send, spend, save, and grow.
Through its intuitive app and its network of mobile money agents, PalmPay offers zero-fee transfers, payments, savings, credit and insurance. For businesses, PalmPay delivers seamless payment solutions, merchant tools, and APIs that support both local MSMEs and global enterprises. With a mission to make finance work better for everyone, PalmPay is building a trusted, accessible, and rewarding ecosystem, empowering users at every stage of their financial journey.
For more information, visit the palmpay website.
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