Nigeria: PalmPay bridging financial literacy gap

Fintech Company PalmPay, aims to bridge the financial literacy gap in Nigeria.

PalmPay’s Global Chief Marketing Officer (CMO), Sofia Zab, announced the company’s progress towards promoting financial literacy.

She mentioned that the company utilizes mobile money agents as resource workers to enhance undeserved communities through financial services and education.

Zab also mentioned the company’s exploration of partnerships to advance financial literacy. These collaborations aim to enhance PalmPay’s value for customers and promote greater public representation and financial knowledge.

“Financial literacy is very important in the context of Nigeria. While there is an extremely tech-savvy population, a large proportion of adults remain financially excluded or underserved, and so we need to bridge that gap.

“This expansive reach positions PalmPay as an ideal collaborator for governmental and non-governmental institutions aiming to drive financial literacy initiatives. By joining forces with like-minded partners, PalmPay aims to leverage its platform and resources to amplify the impact of financial education” she said.