PalmPay
Mobile payments, transfers and everyday financial services
At a glance
- Editor scoreNot yet scored
- PricingFree plan
- Best forNigerian payments with rewards and financial products
- Free planYes
- Paid fromNone
- Split paymentsYes
- Founded2019 · Lagos, Nigeria
- Facts checked20 Sep 2026
Where it wins
- Free bank transfers and instant transfers to supported institutions
- Combines bills, savings, cards, rewards, credit and loans
- Supports merchant payment acceptance and payout APIs
Where it doesn't
- Instant transfers are limited to supported financial institutions
- The consumer experience is designed for iOS and Android devices
- Split payments are documented for merchants and APIs, not consumers
Our verdict on PalmPay
PalmPay is a mobile financial-services app for Nigerian consumers and businesses, launched in 2019 by PalmPay Limited and headquartered in Lagos. It brings money transfers, bill payments, airtime and data purchases, savings, cards, rewards and credit-related services into one mobile account. The app supports iOS and Android, while businesses can use merchant payment acceptance and payout APIs. For consumers who want everyday payments plus access to additional financial products, PalmPay has a broader remit than a basic peer-to-peer transfer app.
The free pricing model centers on sending and receiving money, with free bank transfers and instant transfers to supported financial institutions. The same app covers electricity, television and education bills alongside airtime and data purchases. Paid subscription tiers are not part of the consumer pricing structure described for PalmPay. Its financial-product range also includes savings and wealth products, ATM card issuance, card controls, cashback, discounts, rewards, credit and loan services. That breadth makes it suitable for users who want payments and adjacent money-management tools in one place, rather than a single-purpose transfer service.
PalmPay’s platform fit is strongest on mobile and within its supported Nigerian banking network. Merchant capabilities extend beyond consumer payments through payment acceptance and payout APIs, and split payments appear in the merchant/API context. The main boundaries are equally clear: instant transfers depend on supported financial institutions, and the consumer product is mobile-first across iOS and Android. Choose PalmPay if Nigerian payments, bills, rewards and financial products matter together. Choose an alternative if you need a desktop-centered service or a consumer app focused specifically on person-to-person split payments.
PalmPay pricing
PalmPay fact sheet
| Free plan | Yes |
|---|---|
| Paid from | None |
| Split payments | Yes |
| Payment requests | Not verified |
| Instant transfer | Yes |
| International transfers | Not verified |
| Daily send limit | Not verified |
| Cash-out fee model | Not verified |
| Deployment | Cloud, Mobile |
| Platforms | iOS, Android |
| Compliance & security | PCI DSS |
| Support | Email, Phone, Docs · 24/7 |
| Built for | Solo, Small business (editorial estimate) |
| Pricing | Free plan |
| Website | palmpay.com |
| Facts checked | 20 Sep 2026 |
Alternatives to PalmPay
- PhonePeA free India-focused app for everyday UPI transfers, QR payments, bills, and recharges.—
- BHIMA free UPI app covering everyday transfers, bills, QR payments and more.—
- VenmoA flexible wallet for peer payments, group expenses, scheduled requests, and cash-outs.—
See all PalmPay alternatives →
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Reviewed by iTechGuides Editors · Editorial team · Updated Sep 2026
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