News Highlights:
- PalmPay promotes contactless payments to boost financial inclusion.
- With 35M+ users, PalmPay drives innovation with secure contactless cards.
Leading full-service digital bank, PalmPay, has reiterated its commitment to shaping the future of payments in Nigeria by championing the widespread adoption of contactless-enabled payment terminals.
Digital TimesNG reports that this pledge was highlighted at the recently concluded BusinessDay Future of Payment Conference, themed “Fintech Evolution: Gateway to Payments.”
BusinessDay Publisher, Frank Aigbogun in his opening remarks, stressed that the next wave of fintech innovation must go beyond speed, safety, and simplicity.
He emphasized the importance of building trust, fostering inclusion, and enhancing accessibility to drive meaningful impact across all sectors of society.
During the panel session titled “The Next Wave of Digital Payments: Trends and Innovation,” Ifeanyi Uzoka, Senior Business Development Manager at PalmPay, shared insights on the shifting dynamics of Nigeria’s digital payment ecosystem.
He acknowledged that although regulatory support has paved the way for the rollout of contactless payment solutions, the country’s strong reliance on cash continues to pose a significant challenge to mass adoption.
“At PalmPay, financial inclusion is central to everything we do,” Uzoka stated. “To support this mission, we’ve launched contactless-enabled debit and premium cards, ensuring our users have access to convenient and secure payment experiences.
“We also understand that trust is critical, which is why all contactless transactions on PalmPay’s platform include an additional layer of authentication for enhanced security.”
PalmPay continues to lead innovation in Nigeria’s digital finance ecosystem by delivering secure, user-friendly, and future-ready solutions.
The company’s recently launched debit and premium cards in partnership with Verve are now serving its growing base of over 35 million users nationwide.
This move into contactless payments underscores PalmPay’s alignment with global payment trends and its ongoing commitment to building a more inclusive and digitally empowered economy.