PalmPay, a leading digital payments platform with over 1.1 million agents and merchants, has partnered with Verve, a prominent payment card brand, and launched a debit card that enables seamless and secure transactions.
During the 4th edition of Tech Unite Africa which was held in Lagos, Chika Nwosu, the Managing Director of PalmPay, announced that the collaboration with verve aims to expand service offerings and enhance the overall digital payments experience in Nigeria.
According to him, the PalmPay debit card is designed to provide users with a convenient and secure payment solution. He said,
“With PalmPay you can enjoy unlimited free bank transfers no matter the amount, free payments with cash back and zero fees, instant credit provided by our access partners, insurance products made accessible to everyone. We are not just helping people to move money, we’re helping them build financial stability, plan for the future and unlock opportunities.
“We are about to officially launch the PalmPay Debit card in partnership with verve.
“The PalmPay debit card gives our users access to a full digital banking experience.”
Additionally, he revealed that the partnership between PalmPay and Verve is expected to promote financial inclusion by providing access to digital payments for underserved and unbanked populations. He said,
“ We are making a significant contribution to driving financial inclusion in Nigeria. PalmPay is evolving to a full digital bank offering not just payments but everything, from credit to savings , insurance to business growth, all in one app as well as via our agent network.”
Speaking on some of the benefits that Palm Pay debit card offers, Chibuzor Melah, Head of Partnerships, PalmPay, highlighted some key features such as convenience, security, and rewards. He revealed that the card allows users to make payments wherever Verve cards are accepted, online or offline. He said,
“This card is hinged on five tools, the first being zero maintenance fee. Second, it is fully linked to your wallet. Third, it works online and offline. Fourth, cash back and merchant rewards and the Fifth being it is instant transaction reversals.”
As Nigeria continues to evolve into a cashless economy, the partnership between PalmPay and Verve aims to enhance the overall customer experience, providing users with a convenient and secure payment solution that meets their evolving needs and the PalmPay debit card is designed to be user-friendly and accessible, making it easier for individuals to manage their finances and make transactions.
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