PalmPay offers a convenient and comprehensive range of financial services through its application. One of the standout features is the PalmPay ATM Card, which can be applied for directly through the app or obtained instantly from local card agents. Users can enjoy a variety of benefits including zero fees for ATM withdrawals, no maintenance charges, and free SMS alerts. The card is widely accepted, enabling users to make payments in stores, withdraw cash from ATMs, and conduct online transactions seamlessly.
Additionally, PalmPay provides users with attractive deals on data bundles. Customers can benefit from discounts of up to 50% on daily data bundle purchases. The service includes exclusive plans in partnership with major telecommunications providers like MTN and Airtel, which offer not only data bundles but also options for voice bundles. This feature is designed to help users save money while staying connected.
Another key service offered by PalmPay is airtime top-up, which supports five major telecommunication operators, including MTN, Airtel, GLO, 9Mobile, and Smile. Users can receive cashback of up to N60 on their first two airtime top-ups each day, incentivizing regular use. The app also includes a Schedule Top-up feature, which allows for automatic recharges, ensuring that users never run out of airtime unexpectedly.
In terms of financial growth, PalmPay offers tools such as the Cashbox savings wallet, boasting an impressive interest rate of up to 20% annually, and SmartEarn, which provides a remarkable 22% annualized interest rate along with 24/7 instant withdrawals and no redemption fees. Furthermore, the platform includes a loan service with flexible repayment options and varying loan amounts, ensuring that customers can access financial assistance when needed. To maintain user security, PalmPay adheres to top security measures, including fund insurance through the Nigeria Deposit Insurance Corporation and PCI DSS certification for transaction safety.