PalmPay, a number one monetary platform with over 30 million customers on its smartphone app in Nigeria, at the moment proclaims the launch of its USSD code.
This service presents Nigerians an extra approach to handle their funds with out the necessity for web connectivity. With the PalmPay USSD code, clients can now carry out a variety of banking transactions by dialing *861# from their cell phones.
PalmPay has been working in Nigeria since 2019 below a Cellular Cash Operator license issued by the CBN. The fintech pioneered a mannequin that gives monetary providers reminiscent of cash transfers, invoice funds, credit score providers and financial savings through a one-stop-shop monetary ‘superapp’.
Prospects with out entry to smartphones are in a position to make transactions through a nationwide community of over 500,000 Cellular Cash Brokers.
The addition of a USSD entry level is designed to additional improve the accessibility and comfort of its platform for shoppers in a market the place information community outages are frequent.
Chika Nwosu, Nigeria Managing Director, emphasised the corporate’s dedication to monetary inclusion”At PalmPay, we purpose to bridge the hole in digital entry, and the introduction of our USSD service aligns with that mission. Our platform ensures seamless connectivity for our customers.” he mentioned.
“As well as, our USSD platform comes with a safety function which permits our clients to remotely freeze their accounts in case their telephone is misplaced or stolen, offering an additional layer of safety to safeguard their funds.”
PalmPay has achieved vital milestones in Nigeria, reaching over 30 million registered customers on its app and connecting 1.1 million companies by means of its community of cell cash brokers and retailers.
The corporate has been a key driver of economic inclusion in Nigeria, with a 3rd of PalmPay customers reporting that they opened their first-ever monetary account by means of the platform.
Lately, PalmPay was acknowledged as one of many World’s High 250 Fintech Firms in 2024 by CNBC and Statista.With its user-friendly interface, dependable transactions, and give attention to driving market share by means of fee-free transfers and promotions, PalmPay continues to solidify its place as a serious participant in Nigeria’s fintech ecosystem.
