PalmPay Unveils New Debit Card In Partnership With Verve,

Posted on April 2, 2025

L-R: Chibuzor Melah, Head of Partnership, PalmPay Limited; Uche Uzoebo, MD/CEO of Shared Agent Network Expansion Facilities Limited (SANEF); Chika Nwosu, MD, PalmPay Limited; Paul Ohakim, VP, Issuing and Acquiring, Africa, Interswitch; Sofia Zab, Chief Marketing Officer, PalmPay; and Chidi Oluaoha, Head of Marketing, Interswitch at the official unveiling of PalmPay’s Debit card and Premium Card in Lagos

PalmPay, one of Africa’s fastest-growing fintech platforms, today officially launched its new PalmPay Debit Card in partnership with Verve, Africa’s largest domestic card scheme.  

This 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% APR, paid daily) and Seamless offline and online payments across the Verve network.

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, 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.

The PalmPay Debit Card was made possible through PalmPay’s strategic partnership with Verve, reinforcing both companies’ shared commitment to inclusive, locally relevant digital banking solutions.

“PalmPay is dedicated to using technology to broaden financial access,” said Chika Nwosu, Managing Director of PalmPay Nigeria. “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.”

Vincent Ogbunude, Managing Director of Verve International, 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.”

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 personalised, comprehensive and accessible to everyone.

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

In her effort to make sure that all roads construction meets the standard of... Continue
MICHAEL AKINOLA    The Ogun State Police Command has intensified security measures at the... Continue
KINGSLEY EBERE  A 35-year old lady, Kanife Chidera, has been arrested and charged in... Continue
TEMITOPE AJAYI  On the back of the reforms by President Tinubu, our country is... Continue
The Lagos State Government has issued a stern warning to commercial bus operators, particularly... Continue
MICHAEL AKINOLA  A 32-year old man, Omohowo Israel, has landed in trouble in Lagos... Continue
World Football Summit (WFS), in partnership with UM6P and Evosport, and with OCP Group... Continue
The Nigeria Police Force is set to host the maiden edition of National Police... Continue
KINGSLEY EBERE  A 35-year old Forex broker, Adebayo Ayodele, has been arrested and charged... Continue
Nnamdi Azikiwe University (UNIZIK) marked a historic milestone last Friday with the official unveiling... Continue

UBA

DANGOTE AD

GLO


Access Bank

Twitter

Sponsored