PalmPay

Spec sheet

What it does

PalmPay describes itself as a digital banking and financial services platform for individuals and businesses.Read 8 Oct 2026 · palmpay.com

Security

PalmPay says it uses advanced encryption, fraud detection and multiple authentication layers to safeguard data and funds.Read 8 Oct 2026 · palmpay.com

Support

PalmPay advertises 24/7 customer care and fraud support with in-app reporting tools.Read 8 Oct 2026 · palmpay.com

Headquarters

Lagos, NigeriaRead 28 Sep 2026 · palmpay.com

Founded

2019Read 28 Sep 2026 · palmpay.com

Account eligibility

PalmPay's terms say users must be at least 18 years old to access its services or create an account.Read 8 Oct 2026 · palmpay.com

API payment methods

PalmPay’s merchant documentation lists card, bank, wallet, and USSD payment collection, plus payouts and virtual accounts.Read 7 Oct 2026 · docs-daily.palmpay.com

Business integrations

PalmPay offers business integrations through SDKs and APIs for payment acceptance, bulk bill payments, bulk transactions and collections.Read 8 Oct 2026 · palmpay.com

Business platform

PalmPay Business provides tools for accepting payments, managing transactions, viewing reports, and reconciling records.Read 7 Oct 2026 · palmpay.com

Business pricing

PalmPay’s business inquiry page offers custom pricing, including cost-plus pricing and volume discounts.Read 7 Oct 2026 · palmpay.com

Business tools

PalmPay Business provides a dashboard for monitoring payment processing and POS devices, transaction records, reconciliation and reports.Read 8 Oct 2026 · palmpay.com

Business use

PalmPay says its APIs support collections, payouts, and embedded finance using bank, wallet, card, and mobile money rails.Read 7 Oct 2026 · palmpay.com

Credit and protection

The Nigeria page advertises credit and protection products for health, phones and more.Read 8 Oct 2026 · palmpay.com

Everyday payments

The app supports bill payments including airtime, data, water and TV, and offers cashback on bills and shopping.Read 8 Oct 2026 · palmpay.com

Licensing and deposits

PalmPay Limited says it is licensed and regulated by Nigeria's Central Bank, and that deposits are insured by the Nigerian Deposit Insurance Corporation.Read 8 Oct 2026 · palmpay.com

Markets

PalmPay says it has a presence in Nigeria, Ghana, Tanzania and the United Kingdom.Read 8 Oct 2026 · palmpay.com

Merchant payments

Businesses can accept card and bank transfer payments in person through PalmPay POS and use Pay With Transfer for customer payments.Read 8 Oct 2026 · palmpay.com

Payment coverage

PalmPay's business payment page says it can accept payments from any Nigerian bank and lists card, bank, wallet and USSD payment methods.Read 8 Oct 2026 · palmpay.com

Payment integrations

PalmPay offers SDKs and APIs for payment collection, bulk bill payments, bulk transfers, and wallet payments.Read 7 Oct 2026 · palmpay.com

Personal finance

The PalmPay app offers money transfers, bill payments, shopping, savings, credit, and rewards.Read 7 Oct 2026 · palmpay.com

Savings

The Nigeria page advertises savings interest of up to 20%, paid daily, with withdrawals available anytime.Read 8 Oct 2026 · palmpay.com

Transfers

PalmPay says users can make unlimited free transfers to PalmPay users and banks, with no daily limits or hidden fees.Read 8 Oct 2026 · palmpay.com

Where Specifiction places it

• Peer-to-Peer Payment Apps#19 of 247.6