PalmPay, Nigeria’s fintech company, has partnered with Verve to launch its new PalmPay Debit Card in a bid to fuel digital banking.
The launch of its debit card represents a key milestone in PalmPay’s pivot 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 financial ecosystem.
According to the partners, the partnership reflects their shared commitment to driving financial inclusion by expanding access and delivering greater value across 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.
Chika Nwosu, managing director of PalmPay Nigeria, said, “PalmPay is dedicated to using technology to broaden financial access.”
Read also: PalmPay served 16 million monthly active users in 2024 — Nwosu
“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,” he added.
Key features of the card include zero maintenance fees, easy in-app application and nationwide delivery, exclusive cashback and merchant rewards as well as access to high-yield savings (up to 16% APR, paid daily).
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. Its perks include a dedicated PalmPay Premium Card, priority customer support, higher transaction cashbacks and savings interest rates, exclusive merchant rewards and advanced financial tools
This premium service reinforces PalmPay’s commitment to empower users at every stage of their financial journey from first-time account holders to high-earning professionals seeking more from their financial tools.
Vincent Ogbunude, managing director of Verve International, noted, “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.”
