2019-launched fintech, PalmPay, is praised by GSMA for driving mobile money adoption in Nigeria, contributing to African financial inclusion in the $912bn industry.

GSMA's report recognizes PalmPay, a leading African fintech, as a key player driving mobile money adoption in Nigeria. The report praises the fintech as a non-MNO-led provider with significant market share, contributing to financial inclusion in Africa's mobile money industry worth $912bn. Since its launch in Nigeria in 2019, PalmPay has registered over 30 million accounts and operates in Ghana and Tanzania.