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Home ยป PalmPay Champions Contactless Payments

PalmPay Champions Contactless Payments

โ€ฆat BusinessDay Future of Payment Conference

Latifat Fashina by Latifat Fashina
May 6, 2025
in Fintech
0
PalmPay preaches Contactless Payments at BusinessDay Payment Conference Pix
Sitting in the middle, Ifeanyi Uzoka, Senior Business Development Manager, PalmPay, discussing a panel session at the recently concluded BusinessDay Future of Payment Conference 2025.

Sitting in the middle, Ifeanyi Uzoka, Senior Business Development Manager, PalmPay, discussing a panel session at the recently concluded BusinessDay Future of Payment Conference 2025.

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PalmPay, a leading full-service digital bank, has reaffirmed its dedication to advancing the future of payments in Nigeria by promoting the widespread adoption of contactless-enabled payment terminals.

This was made known during the recently concluded BusinessDay Future of Payment Conference, themed “Fintech Evolution: Gateway to Payments.”

In his welcome address, Frank Aigbogun, BusinessDay Publisher, emphasized that 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.

Talking about PalmPayโ€™s impact in the panel session titled “The Next Wave of Digital Payments: Trends and Innovation,” Ifeanyi Uzoka, senior business development manager at PalmPay, discussed the evolving landscape of digital payments in Nigeria.

He noted that while regulatory frameworks have supported the introduction of contactless payments, the high level of cash dependency remains a key barrier to widespread adoption.

โ€œAt PalmPay, financial inclusion is central to everything we do,โ€ Uzoka stated. โ€œTo support this mission, weโ€™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 PalmPayโ€™s platform include an additional layer of authentication for enhanced security.โ€

PalmPay continues to lead innovation in Nigeriaโ€™s digital finance ecosystem by delivering secure, user-friendly, and future-ready solutions.

The companyโ€™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 PalmPayโ€™s alignment with global payment trends and its ongoing commitment to building a more inclusive and digitally empowered economy.

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Latifat Fashina

Latifat Fashina

LATIFAT FASHINA is the Business/Finance Reporter at Techeconomy. She can be reached via: latifat.fashina@techeconomy.ng

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