Nigeria’s mobile payments giant PalmPay has crossed 35 million users and now serves 1 million SMEs across Nigeria, Ghana, and South Africa. The platform’s growth comes from a bold smartphone-first strategy, preloading its app on Tecno and Infinix phones to widen reach.
Backed by Chinese firms like Transsion and NetEase, PalmPay plans to expand into loans and insurance, positioning itself as Nigeria’s go-to financial super-app. The move underscores the booming fintech adoption in Africa’s largest economy.
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