PalmPay gets global recognition
Digital bank PalmPay has once again secured global recognition, earning a place on CNBC and Statista’s 2025 Top 300 Fintech Companies in the World list.
This marks the second consecutive year the fintech platform has been listed among the world’s most innovative and impactful financial technology firms, placing it alongside global giants such as Revolut, Nubank, and Ant Group.
In a statement on Tuesday, the Founding Chief Marketing Officer at PalmPay, Sofia Zab, described the recognition as a strong validation of the company’s commitment to financial inclusion across emerging markets.
“To be recognised as one of the world’s top fintech companies by CNBC and Statista is a powerful affirmation of our mission to build a more inclusive financial system,” she said.
Zab noted that PalmPay’s strategy combines cutting-edge technology with deep local distribution to meet the needs of underserved communities.
“Through a customer-first mindset, we’ve built Nigeria’s leading neobank,” she added.
PalmPay currently serves over 35 million registered users, processing up to 15 million transactions daily. In Nigeria, its core market, PalmPay operates as a full-service neobank, offering services such as transfers, bill payments, credit, savings, and insurance, all available through its user-friendly mobile app.
The company also maintains a nationwide network of over one million agents and merchant partners and provides POS and API-driven solutions for merchants and enterprise clients.
Group Chief Commercial Officer at PalmPay, Jiapei Yan, said the fintech platform is building a neobanking infrastructure that aligns with the realities of emerging markets.
“We are creating the infrastructure for a connected digital economy where people and businesses can thrive through reliable, inclusive financial tools,” Yan said.
He added that the CNBC and Statista ranking not only affirms PalmPay’s progress but also highlights the scale of opportunity in emerging markets.
PalmPay recently expanded into Tanzania and Bangladesh, using smartphone device financing as a gateway to digital financial services for new users in these regions.
“Our focus remains on closing financial access gaps for everyday consumers and businesses, while expanding the partner ecosystem that fuels our reach and impact,” Zab said.
Earlier this year, PalmPay was also ranked #2 overall and #1 in financial services on the Financial Times Africa’s Fastest-Growing Companies 2025 list. The ranking reflected the company’s rapid scale and market traction, based on revenue growth between 2020 and 2023.
