PalmPay Hits 15 Million Daily Transactions in Q1 of 2025

PalmPay, a popular Nigerian digital bank, has reached a huge milestone this year. In the first quarter of 2025, PalmPay hit 15 million daily transactions. This means that every single day, 15 million payments, transfers, and other money activities happened through PalmPay’s platform. This is a big deal for both the company and its users, showing just how much Nigerians are starting to trust and use digital banking.

The announcement was made at a media meeting in Lagos, where PalmPay shared details about their progress. The company now has 35 million registered users. On average, each user makes about 50 transactions every month. This could be anything from buying airtime, paying bills, sending money to family, or saving for the future. PalmPay hits 15 million daily transactions in Q1 of 2025, and this number keeps growing as more people discover how easy and fast digital banking can be.

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PalmPay also has a strong network of agents and merchants all over Nigeria. Right now, they serve over 13 million customers through these agents, making it easy for people even in remote areas to use their services. The company is proud of its 80% customer retention rate, which means most people who try PalmPay end up sticking with it.

One thing that makes PalmPay stand out is its savings and investment products. The company said it paid out ₦4 billion in interest to users in just the first three months of 2025. More than nine million people use PalmPay’s savings options every month, helping them grow their money safely and easily.

Chika Nwosu, PalmPay’s Managing Director, said the company’s goal is to make financial services simple and available to everyone, not just people in big cities. He said, “We want to make everyday payments reliable, easy, and accessible for all Nigerians.” PalmPay hits 15 million daily transactions in Q1 because people trust the platform and find it useful for their daily lives.

With the rise of digital banking, there are also more worries about fraud. PalmPay knows this and has put in place strong security measures. They use real-time transaction monitoring, multi-factor authentication, and let users lock their accounts if they notice anything strange. The company is always working to keep its users safe and build even more trust.

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Looking ahead, PalmPay has big plans. They want to open new offices in all parts of Nigeria and hand out five million debit cards. They’re also planning to partner with other important companies and launch new projects to help Nigerians and support the country’s economy.

PalmPay hitting 15 million daily transactions in Q1 of 2025 shows just how much digital banking is changing the way Nigerians handle money. With more people using their phones for payments and savings, PalmPay is leading the way, making life easier and more secure for millions across the country.

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