Infostride News, a prominent Nigerian fintech company, PalmPay, recently clinched multiple accolades at the prestigious Nigerian Marketing Awards held at Eko Hotel and Suites, Victoria Island.
The esteemed awards ceremony, endorsed by key industry bodies such as the Advertising Regulatory Council of Nigeria (ARCON), Association of Advertising Agencies of Nigeria (AAAN), National Institute of Marketing of Nigeria (NIMN), Outdoor Advertising Association of Nigeria (OAAN), and Experiential Marketers Association of Nigeria (EXMAN), serves as a platform to acknowledge and celebrate excellence in the Nigerian marketing industry.
PalmPay emerged victorious in three categories, securing the titles of Financial Institution of the Year, Best Use of Social Media, and Brand Manager of the Year, awarded to Kevin Olumese. The recognition was a testament to the brand’s remarkable achievements and the dedication of the PalmPay team, comprising employees, partners, agents, and merchants.

Kevin Olumese, Senior Marketing Manager at PalmPay, expressed gratitude for the awards, highlighting the competitive landscape with notable brands like Nigerian Breweries and MTN’s MoMo. He emphasized that the recognition underscored PalmPay’s significant contributions to the financial sector and its commitment to driving economic empowerment in Nigeria.
Since its inception in 2019, PalmPay has consistently demonstrated its commitment to fostering economic empowerment in Nigeria. The fintech platform has achieved this by providing secure, user-friendly, and inclusive financial services, making top-tier products accessible to everyday Nigerians and contributing to the expansion of financial inclusion. PalmPay’s user base has grown to over 30 million app users, with a robust ecosystem featuring 1.1 million businesses, including 600,000 merchants and 500,000 agents, facilitating seamless cashless payments.
PalmPay’s comprehensive suite of financial services includes money transfers, bill payments, credit services, and savings, available through its app and a network of mobile money agents. The platform operates under a Mobile Money Operator license, obtained upon its launch in Nigeria in 2019, and has since become a key player in the fintech landscape.
With an impressive track record and commitment to innovation, PalmPay has garnered USD 140 million in funding, a testament to its potential and the confidence investors place in its vision. The company’s mobile app is currently accessible on Google Play Store and the iOS App Store in Nigeria and Ghana, with plans to expand into additional markets in 2023.
PalmPay’s success at the Nigerian Marketing Awards not only validates its position as a leading fintech player but also underscores the positive impact it has had on financial inclusion, user experience, and overall innovation in the Nigerian market. As PalmPay continues to evolve and expand its offerings, it remains a noteworthy contributor to the transformative landscape of fintech in Africa. Infostride News will continue to monitor and report on PalmPay’s developments and contributions to the financial sector and economic empowerment in the region.
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