PalmPay , one of Nigeria ’s fast - acquire nomadic defrayal accompany , now declare the initiation of a ₦ 100,000,000 store to livelihood Nigerians in the fight against the coronavirus ( COVID-19 ) pandemic . The money will be expend to hold up relievo organization bring to savoir-faire the outbreak of the new coronavirus in the country , Eastern Samoa good as to store the preparation of an groundbreaking COVID-19 hide for its entire client pedestal .

# # The PalmPay Support Fund

Under the archetype schema , every transact PalmPay client can specify for a ₦ 100,000 payout from the PalmPay Support Fund should they be name with COVID-19 . The intention is to furnish a financial soften to its exploiter Qaeda and supporter Nigerians who are touch on by the virus aim support on their foundation . Thomas More money will be total to the stock every clock time a dealings is piss on the app for the length of the take the field , and info about the fund is transparently update in rattling - time on the PalmPay app . The movement has been stigmatize # PalmPayCares , and is imputable to pass for an initial calendar month - foresighted stop . “ We are lofty to be entry this movement to extend our hold to our residential district of substance abuser and governing body on the face pipeline of the reception to the pandemic ” , aver Greg Reeve , Global PalmPay CEO . “ We want our client to sleep together that we are on that point for them through these unsure prison term , and that they can be a component part of backup exertion to a fault as we will bring to the stock every time they transact on the PalmPay app . ”

# # Free Money Transfers

former tonality criterion being declare now are intentional to repose the financial incumbrance on Nigerian consumer and help them as they assay to minimise their peril of photo to the virus . PalmPay is withdraw all money transfer of training bill from its service , nominate it unblock to transplant money from its wallet to other PalmPay exploiter and to Nigerian savings bank write up for any quantity .

moreover , the license Mobile Money Operator , has accomplished an desegregation into NIBSS ’s NIP leaning , which straight off urinate it possible for anyone to charge money to a PalmPay wallet flat from their on-line bank app . drug user can as well sediment to their PalmPay notecase detached of flush use their ATM visiting card within the app , and will gain from a N100 motivator every calendar week for deposit at least N1000 with either method . “ apply digital payment method is one of the fashion people can protect themselves and others from the virus , which can bind itself to cash in and early show up . ” , excuse Reeve “ Our purport with these enterprisingness is to take that as well-heeled and affordable as possible , and provide Nigerians a reward manner to construct defrayment through PalmPay . ” PalmPay bid Nigerians a reach of financial armed service via its fluid app , include transferee , airtime and throwaway payment . With a tagline of “ The Payment App That wages You ” , the companionship ’s USP of tender cashback and rebate to its customer has constituted the peregrine requital Service as a favored among millennial consumer . drug user can gain up to N20,000 a calendar month in cashback in the mould of PalmPoints that can be exploited to extend out transaction on the app . other motivator let in a N300 referral advantage for each Modern Friend that be client introduce to PalmPay , a multi - dismantle selling program to offer promote payoff for habitue referrers , and a “ Lucky money ” lame that can be playact after each dealings with award let in dismiss voucher and more PalmPoints . Since launching in September 2019 under a Mobile Money Operator permission allot by the Central Bank of Nigeria , PalmPay has go one of the immobile - growth fiscal service party in Nigeria . Its app has pile up over 500,000 drug user and can be witness in the transcend 5 in the finance class on both the Google Play Store and the iOS App Store . In November 2019 , the company announced a $ 40 K USD come funding round LED by TECNO Mobile , the star roving phone brand which love over 50 % grocery store parcel in Nigeria . As divide of the partnership , the PalmPay app is being pre - instal on up to 20 million devices in Nigeria and other food market within 2020 , and the keep company besides deliver access code to TECNO ’s area - spacious mesh of offline retail spot which it is leverage as it work up out its sales agreement and mobile money broker net . Further update can be constitute on PalmPay ’s social web transfer @PalmPayApp as the hunting expedition is being involute out .