PalmPay, one of Africa’s fastest-growing fintech platforms, has unveiled its new PalmPay Debit Card in collaboration with Verve, Africa’s largest domestic card scheme.
With over 35 million users and a network of 1.1 million agents and merchants across Nigeria, PalmPay aims to redefine digital banking by integrating traditional banking tools with its dynamic fintech ecosystem. The new debit card is seamlessly integrated with the PalmPay wallet, combining the convenience of a physical card with the flexibility of digital finance.
Key Features
The PalmPay Debit Card offers:
Zero maintenance fees
Easy in-app application and nationwide delivery
Exclusive cashback rewards
High-yield savings (up to 16% APR)
Seamless offline and online payments across the Verve network.
Accepted at major payment terminals nationwide, the card supports both debit and contactless transactions, bridging traditional banking with innovative digital solutions.
Premium Offering for High-Value Users
PalmPay also introduced the PalmPay Premium Card for high-volume users. Benefits include:
Priority customer support
Higher cashback rates
Enhanced savings interest
Exclusive merchant rewards
Speaking at the launch event in Lagos, PalmPay’s Managing Director, Chika Nwosu, emphasized the company’s commitment to leveraging technology to expand financial access. “This partnership enables us to offer secure, widely accepted payment cards integrated with the full power of PalmPay’s ecosystem,” he said.
Vincent Ogbunude, Managing Director of Verve International, highlighted their shared mission of accelerating financial inclusion and delivering innovative payment solutions tailored to African consumers.
PalmPay’s latest initiative aligns with its broader strategy to redefine digital banking in Nigeria by making it more accessible and rewarding for all users, from first-time account holders to professionals seeking advanced financial tools.
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