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PalmPay Emerges as Fintech Powerhouse in Africa, Ranked #2 Overall

PalmPay, Nigeria’s leading fintech platform,has been ranking as the top fintech company and second overall in the Finacial Times’2025 list of Africa-growing companies. This recognition underscores PalmPay’s rapid expansion and significant impact on fiancial inclusion across the continent.

Launched in 2019, PalmPay has swiftly become name by offering accessible digital fianacial services such as bill payments, mobile airtime top-ups, and instant bank transfers. The platform boast over 35 millon registered users and approximately one million small-to-medium business clients. A key factor in its growth is the strategic partnership with Transsion, which pre-installs the PalmPay app on its smartphones,facilitating widespread adoption.

Additionally,the platform maintain a 99.5% transaction success rate within 10 seconds, ensuring reliabilty and trust among users. With operations extending into countries like Tanzania, Bangladesh, Ghana, and South Africa,PalmPay is poised to continued its trajectory as a leading fintech entity in Africa.

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