Digital banking platform PalmPay has been recognized once again as one of the world’s leading fintech innovators, securing a place on CNBC and Statista’s 2025 Top 300 Fintech Companies list. This marks the second year in a row PalmPay has been ranked alongside global giants like Revolut, Nubank, and Ant Group, underscoring its impact in advancing financial inclusion across emerging markets.
Sofia Zab, Founding Chief Marketing Officer of PalmPay, hailed the achievement as validation of the company’s mission. “Being named among the top fintechs by CNBC and Statista reaffirms our commitment to building an inclusive financial ecosystem,” she said.
“By combining cutting-edge technology with localized distribution, we’ve grown into Nigeria’s leading neobank—all through a customer-first approach.”
35+ million registered users and 15 million daily transactions processed.
Full-service neobank offerings in Nigeria, including transfers, bill payments, credit, savings, and insurance via its mobile app.
1+ million agent and merchant partners nationwide, alongside POS and API solutions for businesses.
Also see: Natasha Sparks Controversy, Refuses to Apologize to Akpabio, Cites Constitution
Jiapei Yan, Group Chief Commercial Officer, emphasized PalmPay’s focus on emerging markets: “We’re building the infrastructure for a connected digital economy, empowering people and businesses with reliable, inclusive financial tools. This recognition highlights the vast potential of these markets.”
PalmPay recently expanded into Tanzania and Bangladesh, leveraging smartphone financing to bridge access to digital financial services.
Earlier in 2025, it was ranked #2 overall and #1 in financial services on the Financial Times Africa’s Fastest-Growing Companies list, reflecting its rapid revenue growth (2020–2023).
“Our goal remains closing financial gaps for consumers and businesses while expanding our partner ecosystem for greater reach,” Zab added.
PalmPay is a leading Africa-focused fintech platform offering mobile payments, savings, credit, and business solutions. With a mission to democratize financial access, it serves millions of users and merchants across multiple markets.
