Is PalmPay approved by CBN?

Is PalmPay approved by CBN?

Read all about is PalmPay approved by CBN.

PalmPay is mobile money operator that offers services like money transfer, buying airtime, paying cable bills, paying electricity bills, getting loans and many more.

PalmPay is a legit app that is certified by the central bank of Nigeria to operate and carry out financial services.

The PalmPay app is available for download on the Google playstore and iOS app store. You can download, install, register and get started using the app.

In this post, I am going to be answering the question “Is PalmPay approved by CBN?” and more.

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Read my post on Is PalmPay safe to keep money

Is PalmPay approved by CBN?

PalmPay is approved by the CBN, the platform was granted a license to operate as a payment service provider in Nigeria by the CBN in 2019.

Before granting a license, the CBN will check for compliance with all their rules and regulations. As well as regular checkups to ensure that it is still being adhered to.

PalmPay is a completely safe platform to save your money and carry out numerous financial transactions.

PalmPay customer care

If you need more information, you can contact the PalmPay customer care via the following channels:

Phone number: 234 17005700


Twitter: @palmPay


How to open PalmPay account?

To open a PalmPay account, follow the below instructions:

  1. Download the PalmPay app on Google playstore or iOS app store
  2. Launch the app and sign up
  3. Verify your phone number
  4. Set up your PIN

Once you complete the above, you will be able to use the PalmPay app to carry out transactions.


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