PalmPay Launches USSD Code for Easy Banking in Nigeria, Here is it
PalmPay, one of Nigeria’s most popular financial apps with over 30 million users, has introduced a new USSD code, *861#. This service allows Nigerians to perform banking transactions without needing the internet. Whether you have a smartphone or a basic phone, you can now use PalmPay to send money, pay bills, and check your account balance—no data required!
What Can You Do with 861#?
The new USSD code makes banking simple and accessible for everyone. Here’s what you can do with *861#:
- Send Money: Easily transfer money to family, friends, or businesses.
- Pay Bills: Pay for electricity, airtime, TV subscriptions, and more.
- Check Your Balance: See how much money you have in your account.
- Freeze Your Account: If your phone is lost or stolen, you can freeze your account to keep your money safe.
This service is especially helpful for people who don’t have smartphones or reliable internet access. Now, even with a basic phone, you can enjoy the convenience of PalmPay’s financial services.
Why This is a Big Deal for Nigerians
In Nigeria, not everyone has a smartphone or access to the internet. Many people still use basic phones, especially in rural areas. USSD codes like *861# are a game-changer because they allow people to do banking without needing data or a fancy phone. PalmPay’s new service is a big step toward financial inclusion, ensuring that more Nigerians can access financial services, no matter where they live or what phone they use.
PalmPay’s Journey in Nigeria
PalmPay started operations in Nigeria in 2019 and has grown to become one of the top fintech platforms in the country. It offers a wide range of services, including:
- Money Transfers: Send money to anyone, anywhere in Nigeria.
- Bill Payments: Pay for electricity, airtime, TV subscriptions, and more.
- Loans: Access quick loans to meet your needs.
- Savings: Save money and earn interest over time.
PalmPay also has a network of over 500,000 agents across Nigeria. These agents help people in rural areas and places without internet access to use PalmPay’s services. This makes PalmPay one of the most accessible financial platforms in the country.
PalmPay’s Mission: Financial Inclusion for All
Chika Nwosu, PalmPay’s Nigeria Managing Director, explained the company’s goal:
*“At PalmPay, we want to make financial services easy for everyone. Our new USSD code, 861#, is designed to help people without smartphones or internet access. It’s simple, secure, and works on any phone. Plus, it has a security feature that lets you freeze your account if your phone is lost or stolen, so your money stays safe.”
This focus on financial inclusion is why PalmPay has become so popular in Nigeria. The platform is helping millions of Nigerians access financial services for the first time.
PalmPay’s Achievements in Nigeria
PalmPay has achieved a lot since it started in Nigeria. Here are some of its key milestones:
- Over 30 Million Users: More than 30 million Nigerians use the PalmPay app.
- 1.1 Million Businesses: PalmPay has connected over 1.1 million businesses through its network of agents and merchants.
- First-Time Bank Users: One-third of PalmPay users say they opened their first bank account with the platform.
PalmPay has also received global recognition. In 2024, it was named one of the World’s Top 250 Fintech Companies by CNBC and Statista. This shows how much PalmPay is contributing to Nigeria’s financial sector.
How to Use PalmPay’s USSD Code
Using the USSD code is very easy. Here’s how it works:
- Dial *861# on your phone.
- Follow the instructions on your screen to choose the service you need (e.g., send money, pay bills, or check your balance).
- Complete your transaction securely and quickly.
The service is designed to be user-friendly, so even if you’re not tech-savvy, you can use it without any problems.
PalmPay’s Vision for the Future
PalmPay is committed to helping Nigerians manage their money easily and securely. The platform wants to make banking services available to everyone, whether they live in the city or the village. By introducing services like the USSD code, PalmPay is helping more Nigerians join the cashless economy and enjoy the benefits of modern banking.
About PalmPay
PalmPay is a financial platform that offers services like money transfers, bill payments, loans, and savings. Since it started in Nigeria in 2019, PalmPay has grown to over 30 million users and continues to expand its services. The platform is known for its user-friendly app, reliable transactions, and focus on financial inclusion.
For more information, visit www.palmpay.com or follow PalmPay on social media.
