PalmPay, a leading Africa-focused fintech platform, is set to introduce a savings service that will offer a 20% annual interest savings plan available to all customers this week. The statement was made during an event held to mark the platform's 25 million registered users.
Even after hitting 25 million users on its smartphone app, a key milestone in its journey, the firm is also celebrating its broad network of 500,000 mobile money agents and 300,000 merchants in its payments ecosystem.
The company's strong approach to offering secure, user-friendly, and inclusive financial services has resulted in exceptional development in just four years after its market launch in Nigeria.
According to Sofia Zab, Palmpay's Global CMO, the firm is pleased to have become one of the key drivers of financial inclusion in Nigeria, as well as a smart payment solution provider in Africa.
PalmPay's efforts to promote financial inclusion have had a significant impact, with over 30% of its users saying that the app was the foundation of their first financial account.
Its recent growth as one of the most effective and reliable fintech solutions despite the naira cash shortage has also contributed to the platform's growing popularity among Nigerians.
Read more: https://www.investingport.com/palmp...20-interest-after-hitting-25m-nigerian-users/