PalmPay Unveils Debit Cards With Zero Maintenance Fees

PalmPay has partnered Verve to unveil Standard and Premium debit cards with zero maintenance feed for its numerous customers in a move to ease banking services and deepen financial inclusion in the country.

With over 35 million users and a network of 1.1 million agents and merchants across Nigeria, PalmPay said, the launch of its debit card represents a key milestone in PalmPay’s transformation from a mobile wallet and agent network into a comprehensive digital financial services provider, offering integrated solutions for payments, savings, credit, insurance, and now, card access.

The managing director of PalmPay Nigeria, Chika Nwosu, while speaking at the Tech Unite Africa Conference in Lagos at the weekend where PalmPay was a major sponsor, noted that, Debit Card is seamlessly integrated with the PalmPay wallet, combining the convenience of a traditional bank card with the speed and flexibility of a digital platform, and access to PalmPay’s unique financial ecosystem.

He listed its features to include: Zero maintenance fees, Easy in-app application and nationwide delivery, Exclusive cashback and merchant rewards, Full wallet integration, including access to high-yield savings (up to 16% APR, paid daily) as well as Seamless offline and online payments across the Verve network.

Saying that the card is accepted at all major payment terminals within Nigeria, offering both debit and contactless options, he added that PalmPay aims to redefine the everyday banking experience – making it more accessible, reliable, and rewarding.

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Alongside the standard debit card, PalmPay also rolled out PalmPay Premium, a tailored offering for high-volume users. Nwosu listed the benefits of premium cards to include: a dedicated PalmPay Premium Card, Priority customer support! Higher transaction cashbacks and savings interest rates and Exclusive merchant rewards and advanced financial tools.

“PalmPay is dedicated to using technology to broaden financial access. This collaboration enables us to offer secure, widely accepted payment cards integrated with the full power of PalmPay’s ecosystem. Together, we’re reshaping how Nigerians experience digital finance,” said Nwosu.

On his part, managing director of Verve International, Vincent Ogbunude added that: “We are proud to partner with PalmPay on this important milestone. Our alliance with PalmPay reflects our shared mission of accelerating financial inclusion and delivering payment innovation that meets the needs of African consumers.”

From zero-fee transfers and high-yield savings to instant credit, insurance, and now cards, PalmPay said, it is building the financial infrastructure of the future – redefining digital banking to be more personalised, comprehensive and accessible to everyone.