PalmPay
35M+ users; Transsion-backed.
The facts
| Category | traditional · underbanked |
| HQ | Lagos, NG |
| Founded | 2019 |
| Custody | Custodial |
| Regulation type | Payment institution |
| Licence detail | Mobile money licence (NG) |
| Card | Verve/MC · Debit |
| Cashback | Offers |
| Yield | Daily interest |
| Stablecoins | No |
| KYC | Yes |
| Active regions | Africa |
| Countries | Nigeria, Ghana, Tanzania, Kenya |
| Reported users | 35M users (2025) |
| Founders | Transsion-backed team |
Verified links: official site ↗ · terms ↗ · privacy ↗ · @PalmPay_ng ↗
comparePut PalmPay side by side with any of the other 356 tracked neobanks in the directory — custody, licence, cashback, yield, stablecoins and geography in one view.
Peers
Wise · TymeBank · OPay · Bank Zero · Discovery Bank · Kuda
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.