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PalmPay

About Company

Overview

Information

Review

THIS SERVICE IS NOT AVAILABLE IN YOUR REGION

PalmPay

Nigeria

2019 (6 Years)

95 Reviews

Safe

3.42/5

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Verification on TrustFinance

0.00

Traffic & Engagement

1.67

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License

Warning

This company is currently unproved. Please be cautious of the potential risks!

What are the differences in regulations for each ?

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

License

Warning

This company is currently unproved.

Please be cautious of the potential risks!

What are the differences in regulations for each ?

Company Information

Get to know PalmPay

PalmPay is a fintech innovator that aims to make digital payment more accessible and flexible for consumers and merchants. We improve users' digital payment experiences by offering instant financial account creation, money transfers, and bill payments. Since launching in 2019, PalmPay has quickly established itself as one of the continent's leading and fastest-growing payment providers.

HQ Location

Lagos, Lagos

Reviews

Highlight Review

Review Analytic

dutusco2

Direct review

Excellent

Overall Thought

Palmpay is the best and top Fintech company in Nigeria currently with the way, daily come back rewards, cheap data subscription plan, highest paid referrals and good security, and easy to use platforms. I recommend palmpay for anyone looking for a good starting point.

Jun 19, 2024

gthmichael93

Direct review

Excellent

Overall Thought

I have been using palmpay for 3 years now without any issues or problems. This is the best app ever Free transfers and instant payments And there is so much rewards on the app Both referrals bonus and welcome bonus I have made some free money from them too.

Aug 25, 2023

wisdom lucky

Direct review

Excellent

Overall Thought

Palmpay is a bank app that helps you make transactions easily with no stress and no network issues using palmpay is a great joy to me because with my app i can buy data airtime and make transactions for free easily and you can also get loans from them they are doing a great job i will love you to get a palmpay account just with your phone number and enjoy fast safe and easy transactions.

Aug 25, 2023

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PalmPay

Reviews

| Total 95

Reviews

| Total 95

AI Review analysis

Let’s TrustFinance AI Summarize all the reviews for you.

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Solomon Kolawole

Direct review Dot icon

25 Nov

Overall Thought

Excellent

palmpay is an awesome app. that make your financial life easier

dutusco2

Direct review Dot icon

19 Jun

Overall Thought

Excellent

Palmpay is the best and top Fintech company in Nigeria currently with the way, daily come back rewards, cheap data subscription plan, highest paid referrals and good security, and easy to use platforms. I recommend palmpay for anyone looking for a good starting point.

Adewumi Owonikoko

Direct review Dot icon

23 Jan

Overall Thought

Average

Palmpay has proven to be beneficial over time, particularly during the implementation of cashless policies. At a certain point, there was an option to generate an account number to avoid exposing our mobile numbers widely. However, I am currently unable to find that specific feature. Locating certain features has become challenging for me, even though I believe the app has undergone improvements compared to its previous version. And I think you should increase the transaction limit of tier 2 to 300 0r 400 thousand naira preferably