PalmPay boosts contactless payment
PalmPay, a leading full-service digital bank, has reaffirmed its dedication to advancing the future of payments in Nigeria by promoting the widespread adoption of contactless-enabled payment terminals. This was made known during the recently concluded BusinessDay Future of Payment Conference, themed ‘Fintech Evolution: Gateway to Payments’. Senior Business Development Manager at PalmPay, Ifeanyi Uzoka, highlighted […]
PalmPay, a leading full-service digital bank, has reaffirmed its dedication to advancing the future of payments in Nigeria by promoting the widespread adoption of contactless-enabled payment terminals.
This was made known during the recently concluded BusinessDay Future of Payment Conference, themed ‘Fintech Evolution: Gateway to Payments’.
Senior Business Development Manager at PalmPay, Ifeanyi Uzoka, highlighted the evolving landscape of digital payments in Nigeria.
He noted that while regulatory frameworks have supported the introduction of contactless payments, the high level of cash dependency remains a key barrier to widespread adoption.
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“At PalmPay, financial inclusion is central to everything we do.
“To support this mission, we’ve launched contactless-enabled debit and premium cards, ensuring our users have access to convenient and secure payment experiences.
“We also understand that trust is critical, which is why all contactless transactions on PalmPay’s platform include an additional layer of authentication for enhanced security,” Uzoka stated.
PalmPay stated that it would continue to lead innovation in Nigeria’s digital finance ecosystem by delivering secure, user-friendly and future-ready solutions.