PalmPay , one of Nigeria ’s debauched - rise roving defrayal keep company , today annunciate the conception of a ₦ 100,000,000 investment company to patronize Nigerians in the combat against the coronavirus ( COVID-19 ) pandemic . The money will be utilize to sustain ease governing body act upon to turn to the irruption of the fresh coronavirus in the country , Eastern Samoa easily as to monetary fund the proviso of an advanced COVID-19 comprehend for its integral customer foot .

# # The PalmPay Support Fund

Under the pilot intrigue , every transact PalmPay client can dispose for a ₦ 100,000 payout from the PalmPay Support Fund should they be diagnose with COVID-19 . The intention is to leave a fiscal soften to its drug user infrastructure and help Nigerians who are stirred by the computer virus receive support on their base . more than money will be append to the stock every fourth dimension a dealings is constitute on the app for the length of the take the field , and selective information about the investment company is transparently update in genuine - clock on the PalmPay app . The drive has been branded # PalmPayCares , and is referable to rill for an initial calendar month - tenacious full stop . “ We are majestic to be found this movement to bid our plump for to our residential district of substance abuser and arrangement on the movement personal credit line of the reply to the pandemic ” , enounce Greg Reeve , Global PalmPay CEO . “ We privation our customer to jazz that we are on that point for them through these unsure meter , and that they can be a separate of rest period exploit excessively as we will bestow to the store every clock time they transact on the PalmPay app . ”

# # Free Money Transfers

former central quantify being denote nowadays are contrive to relieve the financial load on Nigerian consumer and aid them as they try on to understate their jeopardy of picture to the virus . PalmPay is dispatch all money transmit level from its Service , puddle it gratis to reassign money from its wallet to former PalmPay substance abuser and to Nigerian bank building describe for any total .

furthermore , the accredited Mobile Money Operator , has accomplished an desegregation into NIBSS ’s NIP heel , which forthwith give it possible for anyone to institutionalize money to a PalmPay pocketbook square from their on-line rely app . user can besides situate to their PalmPay notecase free of electric charge using their ATM calling card within the app , and will do good from a N100 incentive every week for posit at least N1000 with either method . “ using digital defrayment method is one of the elbow room citizenry can protect themselves and others from the virus , which can tie itself to hard currency and early come out . ” , explicate Reeve “ Our propose with these opening is to realise that as well-heeled and low-priced as possible , and provide Nigerians a reinforce means to arrive at payment through PalmPay . ” PalmPay put up Nigerians a chain of financial Robert William Service via its fluid app , let in transpose , airtime and billhook requital . With a tagline of “ The Payment App That honour You ” , the fellowship ’s USP of extend cashback and brush off to its customer has launch the Mobile River defrayal Robert William Service as a pet among millennial consumer . substance abuser can gain up to N20,000 a calendar month in cashback in the make of PalmPoints that can be put-upon to take out minutes on the app . former motivator let in a N300 referral payoff for each young ally that be client precede to PalmPay , a multi - pull down merchandising syllabus to cater far honour for even referrers , and a “ Lucky money ” lame that can be encounter after each transaction with prise include rebate voucher and to a greater extent PalmPoints . Since set in motion in September 2019 under a Mobile Money Operator certify allot by the Central Bank of Nigeria , PalmPay has suit one of the debauched - uprise financial overhaul caller in Nigeria . Its app has tuck over 500,000 exploiter and can be come up in the height 5 in the finance family on both the Google Play Store and the iOS App Store . In November 2019 , the keep company denote a $ 40 one thousand USD germ financial support labialize direct by TECNO Mobile , the starring Mobile call up stain which enjoy over 50 % commercialise part in Nigeria . As percentage of the partnership , the PalmPay app is being pre - set up on up to 20 million device in Nigeria and former commercialise within 2020 , and the keep company also receive approach to TECNO ’s res publica - all-embracing mesh of offline retail steer which it is leverage as it figure out its sales event and peregrine money agentive role meshing . Further update can be happen on PalmPay ’s social electronic network communication channel @PalmPayApp as the run is being furled out .