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In a major stride towards accelerating digital financial inclusion in Nigeria, leading fintech company PalmPay has partnered with Verve, a top African payment solutions provider. The duo have officially launched the PalmPay Debit Card. The collaboration marks a significant expansion of PalmPay’s digital ecosystem, transitioning from a mobile wallet and agent network to a comprehensive financial services platform.
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The launch reinforces PalmPay’s commitment to empowering millions of Nigerians with easy, affordable, and accessible digital banking tools. Integrated with the PalmPay app, the newly introduced PalmPay Debit Card allows users to transact seamlessly at payment terminals across Nigeria. It combines the familiarity of a traditional bank card with the speed and flexibility of a digital platform.
“This collaboration enables us to offer secure, widely accepted payment cards integrated with the full power of PalmPay’s ecosystem,” said Chika Nwosu, Managing Director of PalmPay Nigeria. “Together, we’re reshaping how Nigerians experience digital finance.”
PalmPay Debit Card Features at a Glance:
- Zero maintenance fees
- Instant in-app application and nationwide doorstep delivery
- Exclusive merchant rewards and cashback offers
- High-yield daily savings of up to 16% APR
- Contactless payment support for faster transactions
- Linked directly to PalmPay mobile wallet for real-time fund access
Verve Partnership: Driving Innovation and Financial Access
The launch was made possible through a strategic partnership with Verve, a leading local card scheme and a subsidiary of Interswitch Group. According to Vincent Ogbunude, Managing Director of Verve International, the collaboration aligns with a shared vision to drive payment innovation and financial inclusion in Africa.
“We are proud to partner with PalmPay on this important milestone. Our alliance reflects our shared mission of delivering cutting-edge financial services that meet the evolving needs of African consumers.”
Expanding Access and Boosting Merchant Engagement
PalmPay’s fast-growing network now boasts of over 35 million users and 1.1 million merchants and agents. It offers a dynamic platform for financial inclusion at scale. The new debit card initiative is expected to significantly expand the company’s offline and online commerce footprint, while also opening fresh opportunities for merchant engagement.
“This is more than just a card — it’s a gateway to a smarter and more rewarding way to pay,” said Sofia Zab, Chief Marketing Officer at PalmPay. “With the PalmPay Debit Card, we are expanding our ecosystem and enabling users to earn rewards and access savings at more touchpoints. For merchants, this means more visibility and deeper connections with digital-savvy customers.”
Introducing PalmPay Premium: For High-Volume Users
In a bid to serve the evolving needs of its diverse user base, PalmPay is also introducing a PalmPay Premium offering tailored for high-value and power users. The premium service includes:
- Exclusive card design
- Priority customer support
- Higher cashback rates
- Advanced savings tools
- Access to exclusive merchant partnerships
“At PalmPay, we believe building a thriving digital economy requires collaboration,” said Jiapei Yan, Chief Commercial Officer of PalmPay. “From lending and insurance to partnerships like this with Verve, our model is rooted in ecosystem synergy. The launch of our debit card proves how we’re combining powerful tech with smart partnerships to deliver inclusive services that help both consumers and businesses grow.”
