When it comes to digital wallets a common name you might hear is Palmpay.
It is one of the best digital wallets when it comes to allowing you to send and receive money, buy airtime and data, pay bills, save money, and even access loans. It also offers various benefits, such as discounts, cashback, rewards, and coupons.
Today I'll be walking you through Palmpay entire features, how to make the most out of it and a special invitation code to get you a special signup bonus. So let's jump straight to it.
Important note: If after reading this article and you want to try out Palmpay >>Click Here<< to download Palmpay and use code "C47MEN" to unlock a special signup bonus upon registration.
What is Palmpay?
PalmPay is a digital wallet app that allows you to send and receive money, buy airtime and data, pay bills, and save money with interest. It is a platform that aims to make financial services more accessible and affordable for Nigerians and other Africans.
It offers various benefits to its users, such as free transfers, discounts, cashback, and rewards. You can also apply for a loan on PalmPay within 5 minutes of approval.
PalmPay is a convenient and reliable way to manage your money and enjoy financial freedom.
Palmpay invitation code:
The working Palmpay invitation code is "C47MEN". Copy the code and use it where it states Palmpay invitation code. You'll get up to N1000 welcome bonus once you do.
How does Palmpay work?
PalmPay works by allowing you to create a digital wallet on your phone, where you can store money and use it for various transactions.
You can fund your PalmPay wallet by linking your bank card, bank account, or through USSD code. You can also receive money from other PalmPay users or agents. Once you have money in your wallet, you can use PalmPay to send & receive money between you & other Palmpay users and other bank accounts, pay bills and utilities, buy airtime and data etc.
When was Palmpay launched?
PalmPay was launched in 2019 and has over 10 million downloads on Google Play Store.
Is Palmpay legit?
Yes Palmpay is legit. PalmPay is licensed and regulated by the Central Bank of Nigeria and insured by the Nigeria Deposit Insurance Corporation
Palmpay owner/founder:
PalmPay is owned and managed by Transsnet, a joint venture between NetEase and Transsion Holdings.
NetEase is a Chinese internet company that operates online games, e-commerce, and other businesses. Transsion Holdings is a Chinese mobile phone manufacturer that produces the Itel, Tecno Mobile, and Infinix brands.
PalmPay's current CEO and managing director is Chika Nwosu, who has previously worked for Tecno Mobile and Huawei Technologies
Palmpay features & services:
Palmpay has some juicy features not seen anywhere else. From savings features, loan features to bills and payment features for all types of payments plus a feature that allows you to convert airtime to cash. The features include:
Savings:
Palmpay has two saving feature. The first called Flexible savings lets you save and withdraw your amount anytime while earning a 16% pa interest. The second called Fixed savings lets you lock away a fixed amount for a certain period of time. The duration of your fixed savings ranges from 7 days to 365 days. The interest also ranges from 16% pa and goes up to 20% pa. Interest increases with the duration of your savings.
Flexi cash:
This is Palmpay loan feature. This lets you borrow from N1000 to as high as N100,000 at an interest as low as N1 daily without collectral.
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Betting fund:
Palmpay lets you fund your favorite betting platform right from your dashboard. You just need to enter the user ID associated with your betting account, the amount you want to fund and it gets funded within minutes.
Recharge2Cash:
Recharge2Cash is a safe, fast, and easy way to convert airtime to cash. This service is available to MTN subscribers only. Other networks are coming soon.
Airtime:
Lets you buy airtime from your favorite service providers at discounted price and with cashbacks.
Data bundle:
You can buy heavily discounted data bundles from your favorite internet service providers at low prices
Electricity:
You can easily pay for your electricity bills right from your Palmpay dashboard. It's quick and reliable.
Tv:
You can easily pay for your cable Tv subscription and never miss a moment of your favorite programs and shows. All cable Tv providers are available for you to choose from right from your Palmpay. You also get cashbacks if you pay through Palmpay.
How to borrow money from Palmpay:
To apply for a loan on PalmPay, you need to follow these steps:
To repay your loan on PalmPay, you can either use your PalmPay balance or link your bank card or account.
Palmpay referral program:
Palmpay has one of the juiciest referral programs. As of the time of writing this article Palmpay is currently offering a referral bonus of N500 per new user you refer. Your friends also get a N1000 signup bonus for joining.
Palmpay welcome bonus:
Palmpay is currently offering a N1000 welcome bonus to new users. To be eligible you have to use the code "C47MEN" on signup. The bonus will be applied after registeration.
Palmpay USSD code:
The official Palmpay USSD code is *652#. You can dial this number from any mobile network service provider in Nigeria.
The PalmPay USSD code is a short code that you can use to perform various transactions on PalmPay without using the app or the internet. You can use the PalmPay USSD code to check your balance, transfer money, buy airtime and data, pay bills, and more.
Palmpay conclusion:
Palmpay is a worthwhile and legitimate digital wallet app that lets you make seamless payments online. It offers many cashbacks and rewards users for just using their app.
I highly recommend you download it and use Palmpay today. Remember to use code "C47MEN" to get a N1000 signup bonus upon registration.
