PalmPay and AfriGO Team Up to Bring Better Payment Options to Nigerians

PalmPay, a popular fintech company, and AfriGO, a Nigerian payment solution, have joined forces in a new partnership. Together, they plan to issue over 5 million AfriGO cards to Nigerians. This move is aimed at helping more people access financial services, especially those in underserved communities, and boosting Nigeria’s digital economy.

What is the AfriGO Card?

The AfriGO card is a Nigerian-made payment solution created by Afrigopay Financial Services Limited, a company under the Nigeria Inter-Bank Settlement System (NIBSS). It’s designed to make payments easier and more secure for Nigerians. The card works for both online and offline transactions, including shopping, ATM withdrawals, and money transfers.

With this partnership, PalmPay will use AfriGO’s technology to offer more payment options that fit the needs of Nigerians. This is a big step toward making sure everyone, including those without bank accounts, can access financial services.

Why This Partnership Matters

PalmPay’s plan to issue 5 million AfriGO cards shows its commitment to helping Nigerians who don’t have access to traditional banking. The AfriGO card is built on EMVCo standards, which means it’s very secure. It also supports features like tokenization and contactless payments, making transactions faster and safer.

By adding AfriGO cards to its platform, PalmPay is making it easier for people to pay for goods and services, withdraw money, and transfer funds without stress. This is especially helpful for people in rural areas or those who rely on mobile money agents.

What PalmPay and AfriGO Leaders Are Saying

Chika Nwosu, the Managing Director of PalmPay Nigeria, shared his excitement about the partnership:

“At PalmPay, we are all about creating financial solutions that are innovative and inclusive. This partnership with AfriGO allows us to offer secure, affordable, and locally tailored payment options to Nigerians. It’s a big step forward in our mission to make financial services accessible to everyone.”

Ebehijie Momoh, the Managing Director/CEO of Afrigopay Financial Services Limited, also commented:

“We are thrilled to work with PalmPay to bring better financial services to Nigerians. This collaboration will help expand access to digital payments, especially in underserved areas, and support the growth of Nigeria’s digital economy.”

Benefits for Users and Merchants

For users, the AfriGO card means:

• Secure and affordable payment options.
• Easy access to online and offline transactions.
• Faster and more convenient money transfers.

For merchants and agents, the card offers:

• Lower transaction fees.
• Instant settlement of payments, which improves cash flow.
• Reduced risks during transactions.

How This Helps Nigeria’s Economy

This partnership is a win for Nigeria’s digital economy. By providing more payment options, PalmPay and AfriGO are helping to:

• Bring more people into the financial system.
• Reduce reliance on foreign payment solutions.
• Support local businesses and entrepreneurs.

It’s also a step toward making Nigeria a leader in fintech innovation in Africa.

About PalmPay

PalmPay is a leading fintech company in Africa, focused on making financial services accessible to everyone. Since launching in Nigeria in 2019, PalmPay has grown to over 35 million app users and works with 1.2 million businesses through its network of agents and merchants.

The platform offers services like money transfers, bill payments, credit, and savings. PalmPay is known for its user-friendly app and commitment to financial inclusion.

About AfriGO

AfriGO is Nigeria’s first national domestic payment card scheme. It was created to strengthen Nigeria’s payment system and reduce dependence on foreign payment solutions. The card supports various payment options, including debit, credit, prepaid, and virtual cards.

AfriGO is more than just a card—it’s a Nigerian initiative designed to promote financial inclusion and support sectors like transportation, health, hospitality, and agriculture.

What’s Next?

With this partnership, PalmPay and AfriGO are paving the way for a more inclusive and innovative financial ecosystem in Nigeria. By combining their strengths, they are making it easier for Nigerians to access secure and affordable payment options.

This is a big step toward a future where everyone, no matter where they live, can enjoy the benefits of digital financial services.

For more information, visit www.palmpay.com.