How many people are using PalmPay in Nigeria?

As of late 2025, PalmPay has over 35 million registered users in Nigeria. The platform, which functions as a leading fintech, also boasts a network of over 1 million merchants and agents. It is one of the most prominent digital wallets in the country, processing up to 15 million daily transactions.

How many users does PalmPay have in Nigeria?

Monthly active users have been estimated in the tens of millions: in 2024, the company said it served around 16 million active users monthly, and over 35 million total registered users. On the merchant/agent side, PalmPay works with hundreds of thousands of mobile‑money agents and merchants across Nigeria.

Who has more customers, PalmPay or OPay?

By mid-2025, OPay reported over 50 million registered users in Nigeria, with around 10 million daily active users. PalmPay isn't far behind – it has grown to 35 million users as of 2024 and was processing about 15 million transactions per day in 2025.

Who is the CEO of PalmPay Nigeria?

Chika Nwosu - Chief Executive Officer at PalmPay | LinkedIn.

Which country owns PalmPay in Nigeria?

PalmPay is co-owned by Chinese-based Transsion Holdings and NetEase. On the other hand, OPay, which is partly owned by Norway-based Opera and a Chinese group of investors, has raised over $170 million.

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How much is PalmPay worth now?

Price of PalmPay Today

The live price of PalmPay is $0.018155 per (PALM / USD) with a current market cap of $0 USD. 24-hour trading volume is $0 USD. PALM to USD price is updated in real-time. PalmPay is 0% in the last 24 hours with a circulating supply of 0.

Is PalmPay still active in Nigeria?

PalmPay is Nigeria's leading digital bank. From free transfers and high-yield savings to credit, bill payments and business tools, we make everyday finance work better.

How old is PalmPay?

We launched in Nigeria in 2019 as a consumer payments app, making everyday transactions faster, easier, and more rewarding.

Are Segun Agbaje and Jimi Agbaje related?

Personal life. Segun was born to Chief Julius Kosebinu Agbaje, a banker, and Mrs. Margaret Olabisi Agbaje, a teacher. His older brother is People's Democratic Party Lagos politician, Jimi Agbaje.

Who is the real owner of OPay in Nigeria?

OPay in Nigeria is owned by Zhou Yahui, a Chinese billionaire and the chairman of Opera Software, which is OPay's parent company. He is also the founder of Kunlun Tech Co. Ltd., another of his companies.

How strong is PalmPay?

PalmPay users enjoy fast, dependable transfers thanks to the platform's 99.9% transaction success rate powered by its own payment infrastructure. It's smooth, reliable, and eliminates the classic “Oya refresh your app” moment we all know too well.

What is the top 1 loan app in Nigeria?

FairMoney Microfinance Bank is the number 1 most downloaded fintech app in Nigeria. With over 10,000 daily loan disbursements, and over 5 million users enjoying banking, savings, and investment services, FairMoney helps the average Nigerian access finance tools to take control of both their life and their finances.

Is OPay the richest bank in Nigeria?

Biggest bank in Nigeria is Opay a Chinese bank, with 50 million users, N9 trillion in transactions monthly, N230 billion per day.

How many countries have PalmPay?

The move will bring PalmPay's footprint to six African countries, after earlier rollouts in Ghana and Kenya. In Tanzania, PalmPay plans to offer B2B services, though offerings in other new markets were not disclosed. The expansion may pave the way for a future public listing, Nwosu said.

What is the top 5 richest bank in Nigeria?

Nigeria's top 5 banks (Access Bank, UBA, Zenith Bank, FBN Holdings, and GTCO) dominate the sector with combined assets worth over ₦146 trillion. The banking sector performed remarkably in 2023, accounting for 4.6% of the country's GDP through a year-over-year improvement of 28.86%.

What companies has Segun Agbaje worked for?

Segun Agbaje has served since 2021 as Group Chief Executive Officer of Guaranty Trust Holding Company Plc (GTCO Plc), a Nigerian multinational financial institution. He previously served as Managing Director and Chief Executive Officer of Guaranty Trust Bank plc from 2011 to 2021.

What is Wale Ojo's background?

Wale Ojo was born in London, England on the 9th September. He became a child star working mainly on drama series and television soaps with Africa's first television station, WNTV IBADAN. His acting career in the United Kingdom began in 1986 where he played a very young OTHELLO in the east end of London.

Which is better, OPay or PalmPay?

PalmPay is one of the best savings apps in Nigeria if you're also looking to earn cashback while you save and spend. Well-known for its free transfer model and large agent network, OPAY also lets users save with interest through its OWealth product. Key Features: Save and earn daily interest via OWealth.

Which country owns PalmPay?

TFG ( consumer brand name “PalmPay”) is an emerging mobile money platform “super app” connecting financial institutions, e-wallets and merchants into one ecosystem. The Group is headquartered in China with operations in Nigeria and Ghana.

How much is PalmPay worth?

PALM to NGN Chart

PalmPay (PALM) is worth ₦25.73 as of Jan 14, 2026 (4 days ago).

Where is the PalmPay office located?

PalmPay is headquartered in Lagos, 20 Opebi Rd, Nigeria, and has 2 office locations.

How many customers does PalmPay have in Nigeria?

PalmPay also revealed that its user base now stands at 35 million, with each user making an average of 50 transactions per month.