PalmPay rolls out Verve debit cards as Nigerian fintechs shift to local providers
- PalmPay launched its first debit card in partnership with Verve, marking a significant evolution in its services.
- The debit card launch follows a partnership with AfriGo to distribute five million contactless payment cards across Nigeria.
- PalmPay plans to distribute the new debit cards through its network of over one million agents nationwide.
PalmPay's strategic shift towards launching its own debit card in collaboration with Verve reflects a growing trend among Nigerian fintechs to prioritize local solutions over international providers. This move not only enhances user experience but also positions PalmPay as a comprehensive financial service provider, catering to diverse consumer needs. The focus on integrating traditional banking tools like debit cards into a digital ecosystem is a commendable approach that could redefine banking in Nigeria.
