Federal Govt Recognises PalmPay For Advancing Financial Inclusion

The federal government has conferred the Digital Governance Company of the Year (Fintech Innovation) Award on PalmPay, recognising its contribution to financial inclusion and technological innovation in governance.

The award was presented at the Nigeria GovTech Awards 2025, organised by the Bureau of Public Service Reforms (BPSR), and held at the Banquet Hall of the Presidential Villa, Abuja.

The annual event celebrates excellence in digital governance, honouring both public and private sector organisations leveraging technology to enhance service delivery, transparency, and good governance in Nigeria.

Receiving the award on behalf of the company, Palmpay Limited’s managing director, Chika Reginald Nwosu, expressed appreciation for the national recognition and reiterated the firm’s commitment to the government’s digital economy drive.

“This award reflects our dedication to creating inclusive, secure, innovative financial solutions for Nigerians. We remain committed to supporting the government’s digital transformation agenda and empowering individuals and businesses through accessible fintech innovation,” Nwosu said.

In his remarks, the director-general of BPSR, Dasuki Ibrahim Arabi, described the award as part of the government’s broader effort to foster a culture of innovation and reward institutions advancing digital public service reforms.

Meanwhile, PalmPay’s recognition reinforces its growing role in Nigeria’s digital financial ecosystem. Since its entry into the market, the neobank has expanded access to mobile payments, savings, and micro-insurance through its mobile app and agent network, particularly among underserved populations.

Similarly, the company continues to drive financial inclusion nationwide with user-friendly, secure, and scalable financial products designed to promote economic empowerment and support national development goals.

Consequently, the Nigeria GovTech Awards serve as a platform to spotlight the intersection of technology, governance, and inclusive development, encouraging public and private stakeholders to invest in solutions that benefit the wider society.