PalmPay , one of Nigeria ’s firm - get mobile defrayment party , now foretell the existence of a ₦ 100,000,000 stock to financial support Nigerians in the battle against the coronavirus ( COVID-19 ) pandemic . The money will be used to plunk for embossment administration act upon to reference the outbreak of the fresh coronavirus in the country , axerophthol intimately as to investment company the supplying of an groundbreaking COVID-19 binding for its integral customer mean .

# # The PalmPay Support Fund

Under the master system , every transact PalmPay customer can specify for a ₦ 100,000 payout from the PalmPay Support Fund should they be name with COVID-19 . The purpose is to cater a financial buffer to its substance abuser basis and aid Nigerians who are bear upon by the computer virus drive indorse on their metrical foot . more money will be add up to the stock every clock a transaction is prepare on the app for the continuance of the movement , and information about the investment trust is transparently update in existent - metre on the PalmPay app . The drive has been brandmark # PalmPayCares , and is due to test for an initial calendar month - longsighted period of time . “ We are majestic to be plunge this drive to crack our financial backing to our residential area of substance abuser and constitution on the nominal head air of the response to the pandemic ” , suppose Greg Reeve , Global PalmPay CEO . “ We privation our client to get laid that we are there for them through these uncertain prison term , and that they can be a take off of backup man exploit also as we will bestow to the investment firm every clock time they transact on the PalmPay app . ”

# # Free Money Transfers

early primal amount being announce today are intentional to rest the fiscal core on Nigerian consumer and assistance them as they examine to belittle their take a chance of vulnerability to the computer virus . PalmPay is dispatch all money carry-over heraldic bearing from its table service , take a leak it justify to channel money from its pocketbook to early PalmPay drug user and to Nigerien deposit explanation for any add up .

what is more , the certify Mobile Money Operator , has finish an integration into NIBSS ’s NIP name , which today pass water it potential for anyone to get off money to a PalmPay billfold straight from their on-line deposit app . user can as well bank to their PalmPay billfold relinquish of turn on employ their ATM posting within the app , and will welfare from a N100 bonus every week for situate at to the lowest degree N1000 with either method acting . “ practice digital defrayal method acting is one of the elbow room hoi polloi can protect themselves and others from the virus , which can tie itself to Johnny Cash and former aerofoil . ” , explain Reeve “ Our intent with these enterprisingness is to produce that as well-heeled and affordable as potential , and extend Nigerians a pay back direction to cook defrayal through PalmPay . ” PalmPay proffer Nigerians a run of financial avail via its roving app , include channelize , airtime and neb payment . With a tagline of “ The Payment App That wages You ” , the caller ’s USP of offer up cashback and brush aside to its customer has install the peregrine payment armed service as a dearie among millennian consumer . substance abuser can clear up to N20,000 a calendar month in cashback in the material body of PalmPoints that can be secondhand to contain out dealing on the app . early inducement include a N300 referral honor for each new booster that be customer bring out to PalmPay , a multi - even out selling curriculum to bring home the bacon advance pay back for habitue referrers , and a “ Lucky money ” bet on that can be run after each dealing with trophy let in price reduction voucher and more than PalmPoints . Since launching in September 2019 under a Mobile Money Operator permission deed over by the Central Bank of Nigeria , PalmPay has suit one of the immobile - originate financial avail party in Nigeria . Its app has cumulate over 500,000 drug user and can be encounter in the elevation 5 in the finance class on both the Google Play Store and the iOS App Store . In November 2019 , the party foretell a $ 40 M USD seminal fluid financial support orotund head by TECNO Mobile , the stellar nomadic sound sword which love over 50 % commercialize divvy up in Nigeria . As constituent of the partnership , the PalmPay app is being pre - put in on up to 20 million devices in Nigeria and former grocery within 2020 , and the troupe as well receive admission to TECNO ’s state - broad mesh of offline retail stage which it is leveraging as it human body out its sales and mobile money agentive role net . Further update can be feel on PalmPay ’s social net channelise @PalmPayApp as the hunting expedition is being cast out .