A digital bank, PalmPay, has pushed for the promoting the widespread adoption of contactless-enabled payment terminals, reaffirming its dedication to advancing the future of payments in the country.
The company gave its commitment at the BusinessDay Future of Payment Conference, that had: “Fintech Evolution: Gateway to Payments” as theme in Lagos.
Senior Business Development Manager at PalmPay, Ifeanyi Uzoka, who spoke about the impact of the company in the digital payment space in the country during a panel session titled: “The Next Wave of Digital Payments: Trends and Innovation,” analysed the evolving landscape of digital payments in the country.
He noted that while regulatory frameworks have supported the introduction of contactless payments, the high level of cash dependency remained a key barrier to widespread adoption.
“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 said.
He said PalmPay will continue to lead innovation in Nigeria’s digital finance ecosystem by delivering secure, user-friendly, and future-ready solutions. The company’s recently launched debit and premium cards in partnership with Verve are now serving its growing base of over 35 million users nationwide.
This move into contactless payments underscores PalmPay’s alignment with global payment trends and its ongoing commitment to building a more inclusive and digitally empowered economy.
In his welcome address on the occasion, BusinessDay Publisher, Frank Aigbogun, said the next phase of fintech innovation must be driven not only by speed, safety, and simplicity but also by trust, inclusion, and accessibility to ensure broad-based impact across all segments of society.
Credit: thenationonlineng.net
