#Fintech #Nigeria #Lagos #PalmPay #neobank

PalmPay: A Leader in Fintech Innovation

In a significant achievement, PalmPay, a prominent neobank and fintech platform catering to emerging markets, has been recognized as one of the Top 300 Fintech Companies globally by CNBC and Statista for 2025. This accolade marks the second consecutive year that PalmPay has secured a place among the world's elite financial technology firms.

Recognition Through Rigorous Evaluation

The selection process involved a meticulous evaluation of thousands of fintech companies worldwide, assessing crucial factors such as growth rate, innovation, market penetration, and overall impact. PalmPay's placement on this prestigious list puts it alongside established names like Revolut, Nubank, and Ant Group, as well as emerging powerhouses within high-growth markets. This serves as a testament to the rising influence of fintech companies from developing regions, with PalmPay leading the charge.

Success in Digital Financial Services

PalmPay’s impressive metrics reflect its success in the African fintech landscape. With over 35 million registered users and handling as many as 15 million transactions daily, it offers a wide array of digital financial services tailored to address the needs of underserved communities. Operative primarily in Nigeria, it functions as a full-service neobank providing consumers with services including transfers, bill payments, credits, savings, and insurance. PalmPay prides itself on having a user-friendly app that's supported by an extensive network of over 1 million agents and merchant partners throughout Nigeria.

Commitment to Financial Accessibility

Sofia Zab, the Founding Chief Marketing Officer at PalmPay, expressed her enthusiasm regarding the recognition: "Being acknowledged as one of the world's premier fintech companies by CNBC and Statista underlines our commitment to establishing a more inclusive financial system. Through advanced technology and a customer-centric approach, we've developed a leading neobank that empowers individuals and businesses alike."

As part of its expansion strategy, PalmPay has recently ventured into Tanzania and Bangladesh, pioneering a smartphone financing model designed to facilitate access to digital financial services. Jiapei Yan, the Group Chief Commercial Officer at PalmPay, remarked, "We are creating the infrastructure needed for a connected digital economy, where people and businesses have access to reliable and inclusive financial tools." This recognition from industry leaders reinforces PalmPay's ongoing progress.

Previous Achievements and Ongoing Expansion

Earlier this year, PalmPay also ranked #2 overall and #1 within the financial services sector on the Financial Times' Africa's Fastest-Growing Companies 2025 list. This ranking highlighted the company's remarkable revenue growth from 2020 to 2023, underscoring its rapid expansion and market influence across the African continent.

Currently, PalmPay operates not only in Nigeria but also in Ghana, Tanzania, and Bangladesh, with intentions to broaden its footprint across both Africa and Asia through comprehensive device financing options, digital banking solutions, and B2B payment services. Leveraging a robust neobanking framework and a partnership-focused approach, PalmPay is committed to charting a new course for inclusive financial advancement.

About PalmPay

Founded in 2019 under a Mobile Money Operator license, PalmPay has emerged as a significant player in the financial landscape of Africa. It empowers users through a secure, user-friendly app that offers a wide array of financial services, striving to uplift individuals and businesses by equipping them with essential tools for managing and growing their finances. PalmPay stands tall in the realm of fintech, championing the cause of financial inclusion and promoting economic empowerment in diverse emerging markets.

For further insights into PalmPay’s revolutionary financial solutions, visit www.palmpay.com.