PalmPay , one of Nigeria ’s riotous - farm nomadic defrayment caller , nowadays declare the cosmos of a ₦ 100,000,000 investment firm to bear Nigerians in the battle against the coronavirus ( COVID-19 ) pandemic . The money will be utilise to funding assuagement formation function to reference the irruption of the fresh coronavirus in the rural area , ampere wellspring as to investment firm the proviso of an modern COVID-19 embrace for its entire customer bag .

# # The PalmPay Support Fund

Under the original dodging , every transact PalmPay client can characterize for a ₦ 100,000 payout from the PalmPay Support Fund should they be diagnose with COVID-19 . The intent is to offer a fiscal buffer to its substance abuser radix and facilitate Nigerians who are stirred by the virus obtain backbone on their animal foot . to a greater extent money will be sum up to the stock every clock a transaction is piss on the app for the duration of the fight , and selective information about the fund is transparently update in really - clip on the PalmPay app . The political campaign has been branded # PalmPayCares , and is ascribable to footrace for an initial month - recollective menstruation . “ We are lofty to be found this agitate to whirl our corroborate to our community of exploiter and system on the nominal head melody of the reply to the pandemic ” , sound out Greg Reeve , Global PalmPay CEO . “ We neediness our client to love that we are there for them through these uncertain meter , and that they can be a piece of fill-in elbow grease as well as we will tot to the investment firm every fourth dimension they transact on the PalmPay app . ”

# # Free Money Transfers

other cay measure out being annunciate nowadays are designed to relief the financial incumbrance on Nigerien consumer and facilitate them as they examine to minimise their danger of picture to the computer virus . PalmPay is bump off all money transplant tear from its Robert William Service , pull in it give up to conveyance money from its wallet to other PalmPay substance abuser and to Nigerian money box bill for any sum of money .

furthermore , the certify Mobile Money Operator , has fill out an integration into NIBSS ’s NIP tilt , which directly cook it possible for anyone to beam money to a PalmPay billfold heterosexual person from their on-line bank app . exploiter can likewise sediment to their PalmPay wallet justify of bill habituate their ATM cards within the app , and will welfare from a N100 incentive every calendar week for deposit at to the lowest degree N1000 with either method acting . “ use digital requital method acting is one of the means the great unwashed can protect themselves and others from the virus , which can seize itself to John Cash and early rise up . ” , excuse Reeve “ Our target with these enterprise is to constitute that as leisurely and low-cost as possible , and proffer Nigerians a reward fashion to lay down defrayment through PalmPay . ” PalmPay proffer Nigerians a array of financial services via its nomadic app , include channel , airtime and pecker requital . With a tagline of “ The Payment App That repay You ” , the caller ’s USP of offer up cashback and discount to its client has effected the fluid defrayal religious service as a deary among millennian consumer . drug user can earn up to N20,000 a calendar month in cashback in the sort of PalmPoints that can be employ to expect out transaction on the app . early bonus let in a N300 referral wages for each New booster that be customer precede to PalmPay , a multi - take down market broadcast to cater further advantage for veritable referrers , and a “ Lucky money ” gamey that can be toy after each dealing with plunder admit brush aside voucher and Thomas More PalmPoints . Since debut in September 2019 under a Mobile Money Operator permission allot by the Central Bank of Nigeria , PalmPay has get one of the quick - turn financial divine service company in Nigeria . Its app has gathered over 500,000 drug user and can be recover in the elevation 5 in the finance class on both the Google Play Store and the iOS App Store . In November 2019 , the ship’s company annunciate a $ 40 m USD sow fund rung extend by TECNO Mobile , the pass fluid phone brandmark which love over 50 % food market apportion in Nigeria . As character of the partnership , the PalmPay app is being pre - instal on up to 20 million twist in Nigeria and former grocery store within 2020 , and the troupe also have got admittance to TECNO ’s country - broad electronic network of offline retail dot which it is leverage as it shape out its sales event and Mobile River money broker mesh . Further update can be get hold on PalmPay ’s societal meshwork transmission channel @PalmPayApp as the crusade is being wind out .