PalmPay is a digital bank in Nigeria. It has a robust network service that makes banking in Nigeria more easier. In this post, we will show you how to open a PalmPay account in Nigeria.
Following the Central Bank of Nigeria (CBN) implementation of cashless policy and the redesigning of some naira notes, coupled with the huge failure of internet banking across all established banks, Nigerians have been looking for alternative banks that can enable them get transfers done with ease.
This article contains a detailed explanation on how to create PalmPay account on your Android or iOS device.
Before we begin, you may have heard of Nigerian FinTech businesses. One such company is PalmPay, which holds a license from the Central Bank of Nigeria, and it is one of the country’s top digital banking apps.
As a digital banking application, PalmPay makes it simple for users to transmit money between banks, make payments, buy airtime, and pay for TV and power in Nigeria.
In Nigeria, both Android and iOS users can download the PalmPay app. This post will teach you how to set up a PalmPay account for yourself.
Background information about PalmPay
A financial technology business called PalmPay wants to create the infrastructure for future financial transactions on the continent. PalmPay is a leading FinTech company with the fundamental mission of employing technological solutions to make financial services accessible to everyone. PalmPay has created numerous business opportunities for Nigerians, such as the PalmPay POS business, which is quite comparable to Opay POS in Nigeria.
Another alternative to apply for loans in Nigeria is through PalmPay, which is frequently rated as one of the top lending apps in Nigeria at a reasonable interest rate.
In addition, there are individuals who profit from the PalmPay app. With that said, let’s go deeper into the procedures for creating a PalmPay account in Nigeria on Android and iOS.
How to Create PalmPay Account in Nigeria
Depending on the device you’re using, you can use one of two alternative techniques.
You must utilize the Android way if your smartphone runs the Android operating system, and the iOS approach if you use an iPhone or iPad and are an iOS user.
How to Create an Android PalmPay Account
Steps to create sign up for PalmPay account for android users:
1. Install the PalmPay android application
It’s incredibly simple to get the PalmPay app. Just go to the Google Play Store and search for the app or click here to go directly to the PalmPay app download page on your app store. Wait for the program to automatically download and install after clicking the Install button.
2. Open PalmPay app to sign up
After the PalmPay app has been installed and started, you should use it. Under your screen, you’ll notice 4 options. Click on me, then hit the sign-up button. Once the sign-up is complete, you will receive a complimentary N110 incentive. You must input your Phone Number (a verification SMS will be sent to the phone number).
3. Verify know your customer (KYC)
After creating your account, you must complete KYC by providing your NIN, BVN, and any other required documents that will validate your PalmPay user status.
How to open PalmPay Account on iPhone
Although downloading the PalmPay software on iOS is a little different than that of Android, if you’re an iOS user, just follow the instructions below.
1. Download PalmPay from the Apple Store
Use the app button below or visit the Apple Store to find the PalmPay app and download it to your iPhone or iPad.
2. Open PalmPay and register
After the PalmPay app has been installed and started, you should use it. Under your screen, you’ll notice 4 options. Click on Me, then hit the sign-up button. Once the sign-up is complete, you will receive a complimentary N110 incentive. You must input your Phone Number (a verification SMS will be sent to the phone number) > Legal in order to register. Name(s): First & Last, after choosing your gender and date of birth, click the sign-up button to continue.
3. Verify KYC
The final step is rather simple. After creating your account, you must complete KYC by providing your NIN, BVN, and any other required documents that will validate your PalmPay user status.
Opening a PalmPay account on your Android or iOS device won’t be a problem anymore using the ways that have been described above. You should find it extremely simple to open a PalmPay account using the approach we’ve supplied. Here are the top PalmPay alternatives that also offer excellent financial services, in case you feel PalmPay is insufficient for any reason.