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PalmPay Rewards Agents with N200 Million Cash in End-of-Year Promo



Palmpay promo
L-R: Uwemedimo Asutom, Zonal Manager, PalmPay; Abubakar Muhammed, Lagos regional winner and other PalmPay executives at the cash prize presentation in Lagos.

Leading fintech company PalmPay has rewarded thousands of its point of sale (POS) agents under its agency banking platform with N200 million worth of cashback in its recently ended 2023 end-of-year promo.

The reward initiative, which was held from December 1 to 31, 2023, with the winners spread across Nigeria, had 60,000 participating Agents and produced 12 grand prize winners across the country, who were rewarded with N200,000, N100,000 and N50,000 respectively. Other participating Agents got loads of Cashback.

Earlier speaking on the campaign, Chika Nwosu, Managing Director, PalmPay, said the promo was to appreciate the over 500,000 strong Agent bankers for their dedication in helping grow the PalmPay brand over the years.

“That PalmPay has become a household name deeply ingrained in the local ways of life of our users, is due to the dedication and hard work of our growing 500,000-plus agents, who continue to offer our payment products to Nigerians.

“As partners in our drive to bridge Nigeria’s financial inclusion gap, it was only natural that we reward these amazing agents for their unwavering commitment to see that PalmPay succeeds in this mission to empower Nigerians,” Mr Nwosu said.

During the grand prize presentation for the Lagos region, the winner, Abubakar Muhammed, thanked PalmPay for organizing the end-of-year promo, attributing his entrepreneurial success in 2023 to the support that PalmPay offers its agents.

“The reward has been useful in supporting my business. I used the money which was paid into my wallet as cashback to renew my shop rent and sort out other personal issues,” Mr Muhammed revealed while thanking PalmPay.

He urged other interested entrepreneurs looking at getting into Nigeria’s thriving agency banking business to choose PalmPay, adding that the fintech platform has the best offerings among other competing brands in the industry.

To become a PalmPay POS agent, visit to fill out the application form with your personal and business details, including your name, address, phone number, and email address, and submit the application for approval.

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