By Chinenye Anuforo
PalmPay, a fintech platform, recently launched its new PalmPay Debit Card in partnership with Verve, Africa’s largest domestic card scheme.
The partnership reflects PalmPay and Verve’s shared commitment to driving financial inclusion by expanding access and delivering greater value across the digital payments ecosystem. With over 35 million users and a network of 1.1 million agents and merchants across Nigeria, PalmPay is building one of the continent’s most dynamic fintech ecosystems.
The launch of its debit card represents a key milestone in PalmPay’s transformation from a mobile wallet and agent network into a comprehensive digital financial services provider – offering integrated solutions for payments, savings, credit, insurance, and now, card access.
The PalmPay Debit Card is seamlessly integrated with the PalmPay wallet, combining the convenience of a traditional bank card with the speed and flexibility of a digital platform, and access to PalmPay’s unique financial ecosystem. Key Features include: Zero maintenance fees, easy in-app application and nationwide delivery, exclusive cashback and merchant rewards. Full wallet integration, including access to high-yield savings (up to 16 per cent APR, paid daily) and seamless offline and online payments across the Verve network.
Speaking on the development, the Managing Director, PalmPay Nigeria, Chika Nwosu, stated that PalmPay is dedicated to using technology to broaden financial access.
“This collaboration enables us to offer secure, widely accepted payment cards integrated with the full power of PalmPay’s ecosystem. Together, we’re reshaping how Nigerians experience digital finance”, Nwosu said.
Corroborating him, the Managing Director, Verve International, Vincent Ogbunude, added: “We are proud to partner with PalmPay on this important milestone. Our alliance with PalmPay reflects our shared mission of accelerating financial inclusion and delivering payment innovation that meets the needs of African consumers.”
The card is accepted at all major payment terminals within Nigeria, offering both debit and contactless options. With this launch, PalmPay aims to redefine the everyday banking experience – making it more accessible, reliable, and rewarding.
Alongside the standard debit card, PalmPay is also rolling out PalmPay Premium, a tailored offering for high-volume users. Benefits include: A dedicated PalmPay premium card, priority customer support, higher transaction cashbacks and savings interest rates and exclusive merchant rewards and advanced financial tools.
This premium service reinforces PalmPay’s commitment to empower users at every stage of their financial journey – from first-time account holders to high-earning professionals seeking more from their financial tools.
From zero-fee transfers and high-yield savings to instant credit, insurance, and now cards, PalmPay is building the financial infrastructure of the future – redefining digital banking to be more personalized, comprehensive and accessible to everyone.