Palmpay Login is a mobile app that is designed with a stable transition support network to enable its ultimate users to carry out financial transactions and other product services within the African country.
It’s an improving smartphone and mobile connectivity profile for Africa (eg. GSMA) that has turned this scenario into a great opportunity for mobile-based financial products.
Africa set up Palmpay in Nigeria to focus on payment startup after raising a $40 million seed round conducted by Chinese mobile-phone maker Transsion with the sole ambition of becoming Africa’s largest financial service platform, according to the press statement.
With the highest regard to investment, Palmpay came in with a strategic partnership plan with mobile brands Tecno, Infinix, and Itel which includes pre-installation of the startup’s app on 20 million phones in 2020.
Palmpay offers 10% cash back on every airtime purchase in Nigeria, likewise, bank transfer rates are very low at the rate of 10 Naria ($.02). In addition to Nigeria, Palmpay has grown its financial services business in Ghana using the $40 million seed funding.
Hence, Palmpay was approved in Nigeria with an authorized Nigeria Central Bank-licensed mobile money operator as of July 2020. During its pilot phase, the ventures proceeded with the payment registration of 100,000 users, and another 1 million transactions proceeded, in accordance with the company spokesperson.
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Palmpay Login Products & Services
Palmpay has initiated a digital payment experience with a secured App throughout Africa in regard to improving and enhancing financial inclusiveness to smooth consumer experiences. Below are the major products and services proffered by Palmpay:
Key Features:
- Creating account
- Digital payment experience
- Money Transfer
- Access to credit services instantly
Services
- Airtime
- Betting
- Credit & Loan
- Refer & Earn
- TV
- Electricity
- Data bundle
- Bill payment
- Bank transfer
- Invitation
- #10 Deals
Palmpay has been in lead to a Pan-African digital wallet operating in Nigeria, Ghana, and a lot of African countries.
Other Related App
- FairMoney
- AZA Finance
- Waya
- Opay
- Paga
- Flutterwave
- OneFi
- Interswitch
Palmpay has raised a total of $140 Million with many investors which include: Yunshi Capital, Chengyu Capital, AfricInvest, Genesis Group, Trust Capital, and a lot more.
How to Sign-Up on Palmpay
Enjoy a fast and free digital wallet with account opening, Money transfer, and bill payments.
99% of their esteemed customers have voted massively as the most digit wallet with an assurance of a reliable payment platform in Nigeria. Hence be rest assured that it secures your money 100% without the story that touches your heart.
Requirements:
- BVN
- Valid Bank Account
- Utility Bill
- Means of Identification ( NIN, Int Passport, Drivers License, & Voters Card)
Tips to Sign-Up on Palmpay
- Locate your App Play Store or Google Play on your device
- Go to the search button and type PalmPay App, Click on it to download
- After installation, Open the App and click Sign-Up
- Provide you valid Data using the instruction guide
- Click Register and wait for the email confirmation code through your email or SMS
- Enter the code sent to you to verify it’s you
- Create a strong Password or PIN that must contain upper and lower case characters, alphabet, numerical, and number
- Confirm your password
- You have successfully opened an account with Palmpay
- Login to access your account
Note: You can as well open the account using the browser. However, do not disclose your account information to anyone or any unknown person asking or acting to be a Palmpay agent, if there’s a suspicious chat kindly contact Palmpay customer support or FAQs through email: support@palmpay.com or phone: 018886888.
Get Palmpay Instant Loan
Borrowing loans have been the most difficult thing in Nigeria. But today it’s the easiest thing through technology-powered loan Apps/platforms. Palmpay is one of the Best platforms that issue loans to individuals, and households without any form of collateral.
Palmpay is an authentic platform that issues loans to the needy aiming at providing credit to Nigerians who are financially in need around African countries to enable them to outrun some debts and challenges. Hence, this platform guarantees only 10k for new borrowers on this platform.
How to Apply for a Palmpay Loan on the Palmpay platform.
To borrow a loan from Plmpay App, follow this process:
- Open your Palmpay App on your device
- Login using your credentials such as Username & password
- Once you have successfully login, go to the menu/ dashboard
- Locate “Loan” and click on it
- Your eligible amount will appear. Click on it and proceed
- You will receive an instant loan within 5 minutes
Palmpay Loan Requirements
You must have a Palmpay Account before you can access loans. The following documents/details must be required of you once you finished signing up on Palmpay:
- You must be a citizen of Nigeria or other supported countries and must live there
- You must meet a good credit score
- You must have an active Bank Account with a valid BVN
- You must not have an outstanding loans
- You must be at least 22 years old
Palmpay Loan Interest Rates/Repayment Period
The Palmpay interest rate is arranged between 15% & 30% depending on the total amount of money you obtained. It’s also specified within the range and duration of your credit loan score.
Palmpay Loan Repayment period___ The duration is between 1 month to 1 year, and for the first-time borrower, the palmpay will place you at a high level of interest rate within a short duration/period.
If You Fail to Repay Your Loans
Once you failed to repay your loan, Palmpay will definitely increase your interest rates to 20%. Over time. If you insist to repay the loan, Palmpay will forward your data and information to the Credit Bureau to blacklist__ this means will be denied access to borrow a loan from other financial institutions until you repay the loan.
Conclusion
Palmpay has been said to be one of the mobile App banking systems with a very flexible payment plan, in terms of quick capital disbursement, low-interest rate, and non-collateral, with loan disbursement of up to #50,000 then Palmpay remains your top best App loan option. Note that, the OKcard option requesting the maximum loan offer is #10,000 with the same stipulated finance tab loan option.