PalmPay, one of Africa’s fastest-growing fintech platforms, has collaborated with Verve, Africa’s largest domestic card scheme, to officially unveil its new Debit Card.
This partnership aligns with Verve and PalmPay’s ongoing commitment to promoting a more financially inclusive economy by widening its reach and value in the digital payment ecosystem.
With over 35 million users and a network of 1.1 million agents and merchants across Nigeria, PalmPay is building one of the continent’s most dynamic fintech ecosystems. The launch of its debit card represents a key milestone in PalmPay’s transformation from a mobile wallet and agent network into a comprehensive digital financial services provider – offering integrated solutions for payments, savings, credit, insurance, and now, card access.
This collaboration also strengthens Verve’s commitment to meeting the evolving payment needs of Nigerians following its issuance of over 75 million cards in Nigeria alone, a remarkable achievement that highlights the trust Nigerians have placed in the Verve brand: And with collaborations like this, Verve does not seem to be slowing down.
The PalmPay Debit Card, powered by Verve, is seamlessly integrated with the PalmPay wallet, combining the convenience of a traditional bank card with the speed and flexibility of a digital platform, and access to PalmPay’s unique financial ecosystem.
Key Features include:
Zero maintenance fees
Easy in-app application and nationwide delivery
Exclusive cashback and merchant rewards
Full wallet integration, including access to high-yield savings (up to 16% APR, paid daily)
Seamless offline and online payments across the Verve network
The card is accepted at all major payment terminals within Nigeria, offering both debit and contactless options. With this launch, PalmPay aims to redefine the everyday banking experience – making it more accessible, reliable, and rewarding.
Alongside the standard debit card, PalmPay is also rolling out PalmPay Premium, a tailored offering for high-volume users. Benefits include:
A dedicated PalmPay Premium Card
Priority customer support
Higher transaction cashbacks and savings interest rates
Exclusive merchant rewards and advanced financial tools
This premium service reinforces PalmPay’s commitment to empower users at every stage of their financial journey – from first-time account holders to high-earning professionals seeking more from their financial tools.
“PalmPay is dedicated to using technology to broaden financial access,” said Chika Nwosu, Managing Director of PalmPay Nigeria. “This collaboration enables us to offer secure, widely accepted payment cards integrated with the full power of PalmPay’s ecosystem. Together, we’re reshaping how Nigerians experience digital finance.”
Vincent Ogbunude, Managing Director of Verve International, added: “We are proud to partner with PalmPay on this important milestone. Our alliance with PalmPay reflects our shared mission of accelerating financial inclusion and delivering payment innovation that meets the needs of African consumers.”
PalmPay Debit Cards, powered by Verve, will be widely accepted across Point of Sale (PoS) terminals, Automated Teller Machines (ATMs), Merchant Outlets, Digital and Online platforms, including Google, YouTube, Spotify, Netflix, Showmax, AliExpress, Temu, Prime Video, Facebook Ads, Microsoft, Uber, Flywire, among others, ensuring seamless transactions for users.
CAPTION:
L-R: Chibuzor Mela, Head of Partnerships, Palmpay; Uche Uzoebo, Managing Director / Chief Executive Officer, SANEF; Chika Nwosu, Chief Executive Officer, PalmPay Nigeria; Paul Ohakim, Vice President, Issuing & Acquiring (Africa), Verve International; Sofia Zab, Chief Marketing Officer, PalmPay; Chidi Oluaoha, Divisional Head, Growth Marketing, Marketing and Corporate Communications, Interswitch; during the Official Launch of the Verve powered PalmPay DebitCard at the Tech Unite Africa event recently held in Lagos.