When PalmPay launched with a bold mission to democratize access to financial services in emerging markets, few could have predicted how quickly it would rise.
Today, that ambition has been recognised on the global stage, PalmPay has been named one of the Top 300 Fintech Companies in the World by CNBC and Statista, for the second consecutive year.
In a world dominated by fintech giants like Revolut, Ant Group, and Nubank, PalmPay’s inclusion signals a shifting narrative, one where innovation from the Global South is no longer emerging. It’s leading.
PalmPay – Banking that Speaks the Local Language
At the heart of PalmPay’s story is a relentless commitment to making finance work for the people who need it most. In Nigeria, where over a third of the population remains unbanked, PalmPay has built a neobanking platform tailored to everyday realities, low data access, cash-heavy economies, and the need for trust at the grassroots.
With over 35 million registered users, up to 15 million transactions processed daily, and a network of more than 1 million agents and merchant partners, PalmPay’s app is more than just a wallet, it’s a financial lifeline. From sending money to paying bills, accessing credit, buying insurance, or even managing business operations, PalmPay’s platform brings digital inclusion to life, one tap at a time.
Recognition Built on Results
PalmPay’s placement on the CNBC x Statista 2025 list is no stroke of luck. It’s the result of rigorous analysis, assessing innovation, growth, impact, and global footprint.
And it’s yet another feather in the company’s cap: earlier this year, PalmPay ranked #2 overall and #1 in financial services on the Financial Times’ Africa’s Fastest-Growing Companies 2025 list.
The message is clear: PalmPay isn’t just keeping pace. It’s setting the pace.
Scaling the Mission Across Borders
This global recognition comes at a time of major expansion for PalmPay. The company recently launched operations in Tanzania and Bangladesh, leveraging a smartphone device financing model as an entry point to digital finance for underserved users. The move reflects PalmPay’s belief that access begins not just with apps, but with the very tools people use to connect.
“To be recognised as one of the world’s top fintech companies by CNBC and Statista is a powerful affirmation of our mission,” said Sofia Zab, founding chief marketing officer at PalmPay. “Through cutting-edge technology, deep local distribution, and a customer-first mindset, we’ve built Nigeria’s leading neobank. As we expand, our focus remains on bridging financial access gaps and growing a partner ecosystem that fuels our impact.”
The Bigger Picture: A Digital Economy That Works for All
Behind the tech and the numbers is a deeper vision, to build infrastructure for a connected, inclusive digital economy in Africa and beyond.
“We’re not just building a fintech app,” added Jiapei Yan, group chief commercial officer at PalmPay. “We’re creating the rails for digital commerce in markets that have been left behind for too long. This recognition is a reminder of the impact we’ve made, and the even bigger opportunity ahead.”
As PalmPay continues to expand its footprint across Africa and Asia, its story stands as a powerful example of what happens when technology meets local insight, backed by purpose and scale.
PalmPay is not just rising with the wave of fintech growth in emerging markets, it’s helping to define it.
