PalmPay, a leading fintech platform in Africa, has rolled out the Unlimited Free Transfer and Target Savings services in Nigeria. These services, accessible via the PalmPay app, eliminate transfer fees and empower users to manage their finances more efficiently.
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The Unlimited Free Transfer feature allows users to make unlimited fund transfers to family and friends, along with bill payments and financial management. Meanwhile, PalmPay Target Savings enables users to set savings goals and customize their saving frequency and duration.
According to PalmPay, the system automatically saves on behalf of users based on their preferences. Once users reach their savings target or set amount, they earn an attractive interest rate of 12% per annum as a reward for their disciplined savings approach.
Previously, PalmPay has established its presence in Ghana and Tanzania, offering merchant acquiring solutions and payment system provider services, respectively.
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