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(opens in a new tab)PalmPay
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Go to Website (opens in a new tab)About PalmPay
PalmPay is one of Nigeria’s largest fintech and mobile money platforms, offering digital payments, transfers, savings, loans, bill payments, and merchant services through a mobile app and agent network. Founded in 2019 and headquartered in Lagos, PalmPay operates as a CBN-licensed mobile money operator, serving millions of users across Nigeria. The platform is widely known for its easy-to-use wallet system, free or low-cost transfers, cashback rewards, airtime/data purchases, and digital lending integrations such as FlexiCash and PalmCredit. PalmPay primarily targets everyday users, SMEs, merchants, and underserved populations seeking faster and more accessible financial services.
Amount
₦2,000 - ₦500,000
Tenor
61 - 182 days
Min. approval time
24 hrs
Countries
Created on
May 2026
Last updated
May 2026
Requirements
The basic requirements to apply for a loan on PalmPay include:
- • Valid ID: National ID, voter’s card, driver’s license, or passport.
- • Phone Number: Active Nigerian mobile number for registration.
- • BVN: Required for identity verification and account upgrades.
- • Smartphone Access: Android or iPhone required to use the app.
- • Bank Account: Needed for transfers, withdrawals, and loan disbursement.
- • Personal Information: Name, address, and date of birth.
- • Internet Access: Needed for app usage and transactions.
- • KYC Verification: Additional verification may be required for higher transaction limits.
How to Apply
To apply for a loan with PalmPay, visit the lender's website and click on "Get Started." If you meet the eligibility criteria and agree with the terms, complete and submit the online application form.
Alternatively, you can download the lender's app on Google Play StoreorApple App Store.
This lender claims it can approve applications on the same day they are submitted and disburse funds within 24 to 72 hrs.
Contact
Support Number
+234 188 868 88
Facebook Url
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